Genossenschaftsgesetz
The Genossenschaftsgesetz, often abbreviated as GenG, is the German federal law governing cooperatives. It defines the legal framework for the establishment, organization, and operation of cooperative societies in Germany. The GenG outlines the rights and obligations of cooperative members, the responsibilities of the cooperative's management bodies, and the procedures for auditing and dissolution. It aims to promote the cooperative principle, which emphasizes mutual assistance and self-help among members.
The law distinguishes between different types of cooperatives, such as those for agricultural purposes, housing, consumer