Contracts performed between private individuals and you may cooperatives prior to the membership of the collaborative should will still be good and you can binding between your activities and on registration of the collaborative

“Ways. 20. Section regarding Cooperatives. Any inserted collaborative get, from the an answer approved by a ballot out of three-fourths (3/4) of the many members with voting liberties, introduce and you can constituting a great quorum, manage in order to divide itself toward two (2) or higher cooperatives. The method having such as for example division can be prescribed regarding the rules of your Power: Given, That all the needs established in this Password have been complied which have by the brand new cooperatives: Given, after that, One to zero division off an excellent collaborative in the swindle out of financial institutions will feel valid.