Legislator Case Law & Legislation
KKO 2993/1996 AI generated

Supreme Court held that a mandatory share purchase clause is valid even if it forces a member to buy shares when their turnover increases.

Case Number KKO 2993/1996
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court upheld the validity of a cooperative's bylaw requiring members to purchase additional shares when their annual turnover exceeds a specific threshold. The plaintiff argued that such a mandatory purchase clause violated their freedom of contract and property rights under the Act on Cooperatives. The court ruled that the clause was a legitimate contractual obligation designed to maintain the cooperative's capital structure and was not an unlawful restriction on the member's rights.

Legislator headnote

AI generated

Act on Cooperatives s. 30; A mandatory provision in a cooperative's bylaws requiring a member to purchase additional shares upon an increase in their turnover is valid and does not violate the member's property rights or freedom of contract.

Keywords

AI generated
Act on Cooperatives mandatory share purchase cooperative bylaws member obligations freedom of contract capital maintenance turnover threshold

Cited Legislation

AI generated
Act on Cooperatives s. 30

Cited Case Law

AI generated
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Full text

Osuuskunnan sääntöjen mukaan jäsenen oli vuotuisen liikevaihtonsa kasvaessa tiettyyn määrään ostettava lisää osuuksia. Liikevaihdon vastaavasti alentuessa osuuskunta palautti hänelle osuusmaksuja.

Kysymys siitä, oliko palautukseen sovellettava osuuskuntalain 30 §:n säännöstä.

Ks. KKO:1996:95