Austria

Chapter

Abstract

The Austrian cooperative movement began in the nineteenth century. Around the year 1850, the first so-called “Aushilfskasse” (a preliminary version of a cooperative bank) was founded; furthermore, first consumption cooperatives emerged. The first building cooperative dates back to 1869. Before the Austrian Cooperatives Act [GenG] was passed in the year 1873, cooperatives were founded under the Association Act of 1852 (Vereinspatent). The formation of cooperative associations was an important step on the way toward a law on cooperatives. GenG was written on the basis of the German Cooperative Act by Schulze-Delitzsch.

Keywords

Limited Liability Supervisory Board General Meeting Legal Form Management Board 
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.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Faculty of LawUniversity of InnsbruckInnsbruckAustria
  2. 2.RiCC (Research Institute for Cooperation and Cooperatives)Vienna University of Economics and BusinessViennaAustria

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