The COOPSA is a form of company between the cooperative company and the private limited company which has been firstly introduced in the Luxembourg law in 1999 together with the law on Pension Funds.
The Capital of the COOPSA
The COOPSA is set up on the same base than a cooperative company; it bears its own name.
Management of the COOPSA
The management of the COOPSA is granted to a Board of Directors of at least 3 persons or to a Supervisory Board with a directory.
Shareholding
The capital can be held by any type of shareholder but by at least two persons. At the time the company is incorporated, some measures may be taken, such as:
Audit of accounts
A Commissaire is also appointed by the AGM for a determined period. He is mandated to monitor and report the financial statement of the company.
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