The member may voluntarily withdraw from the Cooperative at any time, by prior written notice to the Governing Council. The notice period set in the Statutes is 6 months, and failure to comply will give rise to the corresponding compensation for damages.
However, and given the heavy investments that we are going to make, the members have assumed the voluntary commitment not to unsubscribe from the Cooperative, without just cause, until five years have elapsed from the date of subscription.
A member that voluntarily withdraws from the cooperative in compliance with the commitment established in the previous section, will fully recover the amount of share capital that they have accredited plus any interest based on the ICP (from the date of subscription).
Non-compliance with the requirements
Failure by the member to comply with the requirements established in the preceding sections authorizes the Governing Council to demand compensation of 20% of the amount of the mandatory contributions as damages.
Death of a member
By succession, causa mortis, to successors in title if they are members and request it or, if they were not, prior admission as such, if they request it within a period of 6 months from the death of the deceased and meet the requirements in the statutes to acquire the status of partner. Otherwise, the heirs will be reimbursed the contribution to the share capital accredited plus any interest based on the ICP (from the date of subscription).
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