Expert report of the confederation responsible for auditing cooperative societies

Prior to the general assembly being convened that is to adopt a resolution on change of legal form, an expert opinion is to be obtained from the confederation responsible for auditing cooperative societies as to whether the change of legal form is reconcilable with the interests of the respective cooperative society’s members and creditors, and in particular, whether section 263 (2) sentence 2 and section 264 (1) are being observed in establishing the nominal capital or the capital stock (audit opinion).