It has two categories of members: Cooperator and Financing Members.

Cooperator Members

Natural Persons, living in Pacentro's Commune and in Valle Peligna, corporation stocks holders.

They participate in administration of Co-operative and give it at least 50% of their production, taken off the part for domestic use.

Each stock is worth 50 euros .

The lower limit established in the Social Articles of corporation stocks to buy is 1000 euros.

Cooperator members have the right to the two thirds of all members' votes during meeting polls.

Financing Members

Natural and legal persons, living in Pacentro's Commune and in the Valle Peligna, investing money in the enterprise in order to develop the co-operative's activity.

Natural persons living all over Italy and abroad, can be Financing members too, provided they are italian citizens and natives of Pacentro.

Financing members are holders of operating capital stocks and have the right to a third of all members' votes during meeting polls.


Financing Members are distinct in two groups:

Financing Supplier Members:

who cultivate lands, even though as a hobby, and and who give co-operative the 50% at least of their production, taken off the part for their own use. This category has a minimum fee of four shares, each of the value of 50 euro for a total of 200 euro. Financing Supplier Members' shares have always a 1% annual gross remuneration. Given products get paid on delivery, at a higher price than we pay to who is not our Member.

 

Financing Ordinary Members:

who don't cultivate lands and who only invest their capitals in the enterprise in order to develop its activity. This category has a minimum fee of two shares, each of the value of 50 euro for a total of 100 euro. Financing Ordinary Members' shares have always a 2% annual gross remuneration.

Profits destination

Financial Year starts on 1st January and ends on 31st December of every year.

The Assembly who passes the budget, deliberates on profits destination.

Anyway:

• the 30% of net annual profits must be destinated, by law, to the legal reserve fund;

• the 3% of net annual profits must be destinated, by law, to the mutual funds for the promotion and development of the co-operation;

• the dividend to Cooperator Members, by law, can go from 0% to a maximum of 5% ;

• the dividend to Supplier Financing Members will be equal to that attributed to Cooperator Members' shares;

• the dividend to Ordinary Financing Members will be equal to that attributed to Cooperator Members' shares.

The remaining part of annual profits can be destinated only to Cooperator Members, or as a free increase of the corporation stock not higher to the limit allowed by the law, or as a restitution for services in favour of society.

Assigning the restitution to cooperator members, society will consider, however, the quantity and quality of work made by the member, as well as the reliability proved, with reference to the period of the relationship with the co-operative.

Anyway, Assembly can deliberate that, in derogation from the previous criteria, the whole profit is devolved on the Indivisible Reserve Funds, except the 3% for Insurance Funds and the 2% ÷ 1% destinated as minimum reimbursement to Ordinary and Supplier Financing Members.