LEGAL ASPECTS OF RESPONSIBILITY OF AGRICULTURAL COOPERATIVES IN THE REPUBLIC OF SERBIA

In this paper, the author analyzes the responsibility of the agricultural cooperative for the obligations assumed in the legal transaction. Agricultural cooperatives, regardless of the form in which they were founded and with all the specifics arising from cooperative principles, uniform almost everywhere in the world, have a lucrative – commercial character. Like any other economic entity, cooperatives are obliged to operate economically and to be competitive on the market. Exceptionally, cooperatives that are closer to the form of an association, which is characterized by the principle of solidarity and reciprocity, do not have to have a specified target function, but they must have the function of reducing costs and saving for their cooperatives, which is sometimes present in business companies. Considering the obligation of socially responsible behavior of all business entities, the authors concluded that agricultural cooperatives must well define their goals and, in connection with that, their responsibility towards all internal and external interest groups in the territory where they operate and beyond.

KEYWORDS / КЉУЧНЕ РЕЧИ: 

Agricultural cooperatives, the objective function of the cooperative, the responsibility of the cooperative, the responsibility of the cooperative members, joint and several liability, the responsibility of the property of the cooperative

ACKNOWLEDGEMENT / ПРОЈЕКАТ:

Research was funded by the Ministry of Science, Technological Development and Innovation of the Republic of Serbia, grant 451-03-136/2025-03/200009 from 4^th February 2025.

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