New Cooperative Power of Attorney Rules Risk Paralyzing General Meetings

Polish legislation restricting proxy rights in cooperatives faces criticism for legislative errors and adverse impacts on members.

Legislative Flaws

The new amendment contains numerous legislative errors. It is poorly drafted and operates to the detriment of cooperative members.

Proxy Restrictions

Under the revised regulations, a proxy may only be: a close family member (excluding persons in a de facto relationship), an attorney or legal counsel, or alternatively, another member of the same cooperative.

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