A cooperative is an autonomous association of persons united voluntarily to meet their common social and cultural needs and aspirations through jointly owned and democratically controlled enterprises.
Cooperatives are based on the values of self-help, self-responsibility, democracy, equality and solidarity.
A cooperative organization is a body corporate with :
1° legal personality ;
2° power to sue and be sued ;
3° power to enter into contracts ;
4° capacity to hold movable and immovable properties of every description ;
5° ability to do all things necessary for the purpose of and in accordance with its by laws.
A cooperative organization may have a special seal