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Chile

  • Jaime Alcalde Silva
Chapter

Abstract

The cooperative experience in Chile dates back to 1887, when a group of artisans from Valparaiso founded the first company inspired by an ideal of common good and mutual support. However, only in 1924 was a specific law was enacted on this matter (Act n. 4058). Today cooperatives are regulated by the Cooperative General Act (Statutory Decree n. 5/2003) and its regulation (Ministry of Economy, Development and Tourism, Supreme Decree n. 101/2004). They have a relevant participation in the economy and in the promotion of public policies, especially in the fields of financial services, agricultural production, housing, drinking water and rural electrification projects.

Keywords

Equity Capital Supervisory Board Civil Code General Assembly Legal Entity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Essential Bibliography1

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Faculty of LawPontificia Universidad Católica de ChileSantiagoChile

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