Supreme Court held that a mandatory share purchase clause is valid even if it forces a member to buy shares when their turnover increases.
Legislator summary
AI generatedThe 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 generatedAct 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 generatedCited Legislation
AI generatedCited Case Law
AI generatedRelated Decisions
AI generatedFull 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