The European Cooperative Society (SCE, for Latin Societas Cooperativa Europaea) is, in company law, a European co-operative type of company, established in 2006 and related to the European Company. European Cooperative Societies may be established, and may operate, throughout the European Economic Area (including the European Community). The legal form was created to remove the need for co-operatives to establish a subsidiary in each Member State in which they operate, and to allow them to move their registered office and head office freely from one Member State to another, keeping their legal identity and without having to register or wind up any legal persons. No matter where they are established, SCEs are governed by a single EEA-wide set of rules and principles which are supplemented by the laws on co-operatives in each Member State, and other areas of law.
Read more about European Cooperative Society: Formation, Governing Law
Famous quotes containing the words european, cooperative and/or society:
“England is nothing but the last ward of the European madhouse, and quite possibly it will prove to be the ward for particularly violent cases.”
—Leon Trotsky (1879–1940)
“Then we grow up to be Daddy. Domesticated men with undomesticated, frontier dreams. Suddenly life—or is it the children?—is not as cooperative as it ought to be. It’s tough to be in command of anything when a baby is crying or a ten-year-old is in despair. It’s tough to feel a sense of control when you’ve got to stop six times during the half-hour ride to Grandma’s.”
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—Ralph Waldo Emerson (1803–1882)