I hereby give My Sanction to the Commercial and Industrial Cooperative Union Law for which the concurrence of the Imperial Diet has been obtained, and cause the same to be promulgated. Signed:HIROHITO, Seal of the Emperor This ninth day of the eleventh month of the twenty-first year of Showa (November 9, 1946) Countersigned: Prime Minister YOSHIDA Shigeru Minister for Home Affairs OMURA Seiichi Minister of Agriculture anf Forestry WADA Hiroo Minister of Commerce and Industry HOSHIJIMA Niro Minister of Finance ISHIBASHI Tanzan Law No.51 Commercial and Industrial Cooperative Union Law Chapter I. General Provisions

Article 1. The commercial and industrial cooperative union has as its object keeping common installations necessary for rationalization of business management of its members by means of a compact combination of those engaged in commerce, industry or mining thus contributing to ameliorate and develop commerce, industry or mining.

Article 2. The commercial and industrial cooperative union shall be a juridical person.

Article 3. The name of a commercial and industrial cooperative union shall contain the words, "Commercial Cooperative Union," "Industrial Cooperative Union," "Mining Cooperative Union" or "Commercial and Industrial Cooperative Union" according to the type or types to which the business of the union members pertains. No person other than a commercial and industrial cooperative union shall use in his name any appellation pertaining to a union specified in the preceding paragraph.

Article 4. A commercial and industrial cooperative union shall be registered in accordance with the provisions of an Imperial Ordinance. Matters required to be registered by the provisions of the preceding paragraph shall not be set up against a third person until the registration thereof has been effected.

Article 5. No business tax shall be imposed on commercial and industrial cooperative unions.

Article 6. Domicile of a commercial and industrial cooperative union shall be deemed indentical to the situation of its principal office.

Chapter II. Formation

Article 7. Persons qualified for membership of a commercial and industrial cooperative union shall be specified in the Articles of union provided that they must be in accordance with any of the following items: 1. Those who are engaged in commerce, industry or mining in a certain area; 2. Organizations formed by those referred to in the preceding item; 3. Organizations formed by both those referred to in item 1 and organizations referred to in the preceding item;or organizations formed by organizations referred to in the preceding item.

Article 8. In case where formation of a commercial and industrial cooperative union is intended, persons intending to be its members shall be its promoters, and if there is any person or persons proposing to be its members, a constituent general meeting with the consent of the promoters shall be convened at which the Articles of union and other necessary matters shall be determined and a sanction of the administrative authorities shall be obtained thereto. The resolution at a constituent general meeting shall require the votes of not less than two-thirds of those intending to be the members. Any person or persons intending to be the members may exercise vote or votes by proxy at the constituent general meeting. The proxy mentioned in the preceding paragraph shall be one of those intending to be the members.

Article 9. The Articles of a commercial and industrial cooperative union shall be so composed as to enable its members to organize and put it in operation of their free will on the domecratic principle and the following particulars shall be stated therein: 1. The objects, 2. The name, 3. The area, 4. The locality in which the office is situated, 5. The provisions concerning the qualification for membership, 6. The provisions concerning the admission and retirement of the members, 7. The amount of a share and the method of its payment, 8. The provisions concerning the disposition of surpluses and covering of losses, 9. The amount of reserve fund and the method of its deposit, 10. The provisions concerning rights and duties of the members, 11. The provisions concerning the business and its execution, 12. The provisions concerning the officers, 13. The provisions concerning the conferences, 14. The provisions concerning the accounting, 15. The period of duration or grounds for dissolution, if such have been determined.

Article 10. Upon the grant of a sanction in accordance with the provisions of Article 8, the promoters shall without delay cause those intending to be the members to perform the first payment.

Article 11. A commercial and industrial cooperative union comes into existence when the registration of its formation has been effected in accordance with the provisions of an Imperial Ordinance.

Chapter III. Business

Article 12. A commercial and industrial cooperative union may carry on the following businesses: 1. Purchase, storage, transport, processing and sale of the commodities handled by the members, and other common facilities concerning the business of the members; 2. Inspection of the commodities handled by the members and/or of their installations for the production or processing; 3. Guidance, research and survey concerning the business of the members, and other business necessary for attainment of the object of the union. The commercial and industrial cooperative union may in addition to the businesses enumerated in the preceding paragraph, supply business fund to its members, stand surety for its members and receive deposits from its members. The facilities of the union referred to in items 1 and 2 of paragraph 1 may be allowed to be utilized by those other than the members, but only in the case where utilization by its members may not be thereby impeded.

Article 13. A commercial and industrial cooperative union may issue exchange tickets for the commodities handled by the members, subject to a permission of the administrative authorities.

Article 14. In case where the union has issued exchange tickets, the members are under the obligation to give the goods handled by them in exchange for the tickets.

Article 15. If, in case a commercial and industrial cooperative union has issued exchange tickets, any of the members has become incapable of, or suspended, exchanging the tickets, the union shall be liable to pay the ticket holders within the extent of the amount entered in the tickets.

Article 16. In case where the commercial and industrial cooperative union which has issued exchange tickets sells commodities itself, the term "member" in the preceding three Articles shall mean to include the union.

Article 17. A commercial and industrial union carrying on the business of storage may issue warehouse warrants in respect of the goods deposited by the members, subject to a permission of the administrative authorities. The commercial and industrial cooperative union permitted as mentioned in the preceding paragraph shall, upon demand by a depositor who is a member, furnish him with a warehouse warrant. The provisions of paragraph 2 of Article 627 and Article 628 of the Commercial Code shall apply mutatis mutandis to the warehouse warrant mentioned in paragraph 1 of this Article. The provisions of Article 4, and Article 8 to Article 10 inclusive of the Warehousing Law shall apply mutatis mutandis to the case mentioned in paragraph 1 above.

Article 18. The warehouse warrant prepared by a commercial and industrial cooperative union permitted as mentioned in paragraph 1 of the preceding Article shall bear the words "commercial and industrial cooperative union warehouse warrant" with the appellation of the top of it of the relevant commercial and industrial cooperative union according to the provisions of paragraph 1 of Article 3. No deposit receipt, instrument for pledge or warehouse warrant prepared by any person other than a commercial and industrial cooperative union shall bear any term suggestive of any warehouse warrants as mentioned in the preceding paragraph.

Article 19. The period of storage of the deposited goods for which a warehouse warrant is issued shall be not more than six months from the date of deposit. The period prescribed by the preceding paragraph may be renewed within the extent of six months;provided that if the holder of the warrant at the time of renewal is not a member, it is limited to the cases where utilization by the members is not impeded thereby.

Article 20. The provisions of Article 616 to Article 619 inclusive and Article 624 to Article 626 inclusive of the Commercial Code shall apply mutatis mutandis to the case where a commercial and industrial cooperative union has issued warehouse warrants.

Chapter IV. Rights and Duties of the Members

Article 21. Any member shall hold at least one share. The amount of money denoting each share must be of the same amount.

Article 22. No member shall avail himself of a set-off against a commercial and industrial cooperative union in respect of the amount of shares to be paid to the union.

Article 23. A commercial and industrial cooperative union may so provide in the Articles of union that transfer of a share or shares of a member is subject to the approval of the union. If a non-member intends to accept a transfer of a share or shares, he shall be subject to the provisions concerning admission. The transferee of a share or shares shall succeed to the rights and duties of the transferer in respect of the share or shares.

Article 24. Each member shall possess one vote at a general meeting.

Article 25. Any member, with the consent of not less than one-fifth of the total number of the members, may demand convention of a general meeting by filing with the directors a written application which shall state the matters constituting the object of the meeting and the reasons for which it is to be convened.

Article 26. If any member deems the procedure for the convention of a general meeting or the manner in which a resolution has been adopted at the meeting is contrary to any Law or Ordinance or the Articles of union, he may apply to the administrative authorities for its annulment within thirty days from the date of the resolution.

Article 27. A commercial and industrial cooperative union may charge its expenditures on its members in accordance with the provisions of the Articles of union.

Article 28. A commercial and industrial cooperative union may collect rents and fees in accordance with the provisions of the Articles of union.

Article 29. The liability of a member of a commercial and industrial cooperative union shall be limited to the amount of shares subscribed for, except for the charge of expenditures mentioned in Article 27.

Article 30. Membership shall terminate in any of the following events: 1. Forfeiture of the qualification for membership, 2. Death or dissolution, 3. Bankruptcy, 4. Adjudication of incompetency, 5. Expulsion. Any member may, despite the provisions of the preceding paragraph, withdraw at the close of any business year from a commercial and industrial cooperative union, but he must give his three months'notice thereof.

Chapter V. Administration

Article 31. A commercial and industrial cooperative union shall have directors and auditors. The directors and auditors shall be elected at general meeting from among the members or executive officers of any juridical person who is a member;provided that the directors and auditors at the time of formation shall be elected at a constituent general meeting from among those intending to be its members or executive officers of any juridical person intending to be its member. Two or less than two of the directors may, under special circumstances, be elected from among those who do not come under the preceding item. The provisions of paragraph 2 of Article 41 shall apply mutatis mutandis to the case mentioned in the preceding paragraph.

Article 32. A director or auditor may be removed from office by a resolution adopted at a general meeting even during his term of office. The provisions of paragraph 2 of Article 41 shall apply mutatis mutandis to the case mentioned in the preceding paragraph.

Article 33. In case a commercial and industrial cooperative union concludes a contract with any of its directors, an auditor shall represent the union. The same shall apply to any law-suit between a union and its director.

Article 34. An auditor shall not at the same time be a director or any officer of his union.

Article 35. The directors shall keep the Articles of union and the records of resolutions of general meetings at each office and the register of members at the principal office. The register of members shall state the following particulars: 1. The full name or firm name and permanent residence of each member, 2. The number of shares held by each member, the amount paid and the date of such payments. Any member of creditor of the union may demand inspection of any book or record of the union.

Article 36. The provisions of paragraph 1 of Article 44, paragraph 2 of Article 52, Article 53 to Article 55 inclusive and Article 59 of the Civil Code shall apply mutatis mutandis to directors and auditors of a commercial and industrial cooperative union.

Article 37. The directors shall convene at least once every year an ordinary general meeting in accordance with the provisions of the Articles of union. The directors may convene an extraordinary general meeting whenever it is deemed necessary in accordance with the provisions of the Articles of union.

Article 38. In the event of vacancy of directorship a general meeting shall be convened by the auditors. If the directors fail without reasonable cause to proceed to convene a general meeting within two weeks of the demand mentioned in Article 25, the auditors shall convene the general meeting.

Article 39. Resolutions at a general meeting shall be adopted by a majority of the votes of the members present at the meeting except for the case otherwise provided by the present Law or the Articles of union.

Article 40. A member may exercise his vote by proxy. In such a case he is deemed to be present at the meeting. The proxy mentioned in the preceding paragraph shall be one of the members.

Article 41. In order to effect any of the following matters, with the exception of those provided for otherwise in the present Law, a resolution adopted at a general meeting shall be required: 1. The alteration in the Articles of union, 2. The dissolution and amalgamation of a union, 3. The business plan of every business year, 4. The budget of incomes and expenses and the method of charging and collecting expenditures, 5. The maximum of loan, 6. The expulsion of a member, 7. Other matters specified in the Articles of union. The resolutions on the matters enumerated in item 1, item 2 and items 6 above shall be adopted by a majority of not less than three-fourths of the votes of the members present, who shall constitute not less than one half of the total number of the members except for the case otherwise provided in the Articles of union. Any alteration in the Articles of union shall not of effect unless sanctioned by the administrative authorities.

Article 42. The directors shall submit to the auditors two weeks prior to the date appointed for an ordinary general meeting an inventory, a balance sheet, a business report and proposals relating to the disposal of surplus money which documents they shall keep at the principal office. The directors shall submit the documents mentioned in the preceding paragraph, together with the opinions of the auditors thereon at each ordinary general meeting for approval.

Article 43. The provisions of Article 62, Article 64 and Article 66 of the Civil Code shall apply mutatis mutandis to the general meeting of a commercial and industrial cooperative union.

Article 44. When a commercial and industrial cooperative union has adopted a resolution authorizing reduction in the amount of each share. an inventory and a balance sheet shall be prepared within two weeks from the date or such resolution. Within the period mentioned in the preceding paragraph public notice shall be given in accordance with the provisions of the Articles of union, to the creditors of the union to present their objections, if any, to the reduction within a fixed period and an individual notice to the same effect shall be given to each of the creditors known to the union, provided that such a fixed period shall not be less than thirty days.

Article 45. A creditor who fails to present any objection to the reduction of the amount of a share within the fixed period mentioned in paragraph 2 of the preceding Article shall be deemed to have given his consent to the reduction. In case where a creditor has presented an objection, the commercial and industrial cooperative union may not effect the reduction of the amount of a share unless it discharges all obligations due to him or furnish adequate security.

Article 46. A union shall set aside as reserve fund at least one-tenth of the surplus money at each business year until such reserve fund has reached the amount determined in the Articles of union. The amount of the reserve fund mentioned in the preceding paragraph shall not be less than onehalf of the total amount of shares. The reserve fund mentioned in paragraph I above shall not be used except for making good the losses.

Article 47. A union shall not dispose of surplus money until after it has made good all losses and has deducted therefrom the reserve fund mentioned in the preceding Article.

Article 48. A commercial and industrial cooperative union shall not repay a share or shares of its member except in case of termination of his membership. A member whose membership is terminated may demand repayment of h'shares in whole or in part in accordance with the provisions of the Articles of union. Necessary matters concerning rights and duties of retired members for the union shall be provided for by an Imperial Ordinance.

Article 49. A commercial and industrial cooperative union may not acquire the shares of its members or take them in pledge.

Article 50. Notifications or notices by a commercial and industrial cooperative union to each of its members are sufficient if they are addressed to the permanent address entered in the register of members or to the one of which he has informed the union. The notifications or notices mentioned in the preceding paragraph are deemed to have arrived at the members at the time of the usual delivery.

Chapter VI Supervision and Relief against Illegal Disposition

Article 51. In case where an act of a commercial and industrial cooperative union has contravened any Law or Ordinance, a disposition based on a Law or Ordinance, or the Articles of union, the administrative authorities may annul a resolution of a general meeting or order removal of an officer or liquidator, or order to suspend the business or to dissolve the union.

Article 52. Upon application for a permission or sanction as provided for in the present Law, the administrative authorities shall not refuse the permission or sanction except in case where it is deemed to contravene a Law or Ordinance or to prejudice the public interests.

Article 53. Any person who has a complaint against a disposition of the administrative authorities based on the present Law or an Ordinance relative to the present Law may bring a petition at the administrative authorities or raise a Law suit at the Administration Court.

Chapter VII. Dissolution

Article 54. A commercial and industrial cooperative union shall be dissolved by reason of any of the following events: 1. Expiration of period or occurrence of any of the events specified in the Articles of union; 2. Resolution adopted-at a general meeting; 3. Amalgamation of the union; 4. Bankruptcy of the union; 5. Order of dissolution in accordance with the provisions of Article 51. The resolution for dissolution adopted at a general meeting shall be of no effect unless sanctioned by the administrative authorities.

Article 55. Amalgamation of a commercial and in dustrial cooperative union shall be of no effect unless sanctioned by the administrative authorities. The provisions of Article 44 and Article 45 shall apply mutatis mutandis to amalgamation, of a commercial and industrial cooperative union.

Article 56. The amalgamation of commercial and industrial cooperative unions shall take effect when the union which continues to exist after the amalgamation or the union which comes into existence in consequence of the amalgamation effects registration in accordance with the provisions of an Imperial Ordinance.

Article 57. The commercial and industrial cooperative union which continues to exist after the amalgamation or the union which comes into existence in consequence of amalgamation succeeds to the rights and duties of the union which ceases to exist in consequence of the amalgamation.

Article 58. Upon the dissolution of commercial and industrial cooperative union except in, the cases of amalgamation and bankruptcy, the directors shall become its liquidators. When there is no person to become a liquidator in accordance with the preceding paragraph, or when there is no liquidator the law court may appoint liquidators upon application of any interested person or on its own authority. The law court may on its own authority remove liquidators out of office whenever it is deemed necessary.

Article 59. After they have assumed office, the liquidators shall without delay investigate the existing state of the union's property, and shall prepare an inventory and a balance sheet, and submit them at a general meeting for its approval.

Article 60. The liquidators shall obtain an authorization of the law court in respect to the method of liquidation and of disposal of the assets. The law court may issue such an order as is necessary for its supervision whenever it is deemed necessary.

Article 61. The liquidators shall not dispose of the union's property unless after all the obligations of the union have been discharged.

Article 62. When the liquidation has been completed, the liquidators shall immediately prepare a report of the final accounts and submit it at a general meeting for approval.

Article 63. The provisions of Article 73, Articles 78 to 81 inclusive and Article 82, paragraph 2 of the Civil Code and those of Article 35, paragraph 2, Article 36, Article 37-2, Article 135-25, paragraphs 2 and 3, Article 136, paragraph 1, Articles 137 and 138 of the Non-litigant Procedure Law shall apply mutatis mutandis to the liquidation of a commercial and industrial cooperative union.

Chapter VIII. General Association of Commercial and Industrial Unions

Article 64. A Central Association of commercial and industrial cooperative unions may be formed for the purpose of guidance and liaison among commercial and industrial cooperative unions. The central association of commercial and industrial cooperative unions shall be a juridical person.

Article 65. The name of the central association of commercial and industrial cooperative unions shall contain the words "Central Association of Commercial and Industrial Cooperative Unions." No person other than the Central Association of Commercial and Industrial Cooperative Unions shall use in its name any term suggestive of the said association.

Article 66. In case where formation of the Central Association of Commercial and Industrial Cooperative Unions is intended, those intending to be its members shall be its promoters who shall convene a constituent general meeting with the consent of those qualified for its membership, at which the Articles of union and other necessary matters shall be determined, and shall obtain the sanction of the administrative authorities. The consent mentioned in the preceding paragraph shall be sufficient with that of a majority of commercial and industrial cooperative unions at the time at which the formation is promoted. The Central Association of Commercial and Industrial Cooperative Unions shall be one throughout the country.

Article 67. Any commercial and industrial cooperative union is qualified to be a member of the Central Association. Persons other than those mentioned in the preceding paragraph may be qualified for membership of the Central Association in accordance with the provisions of the Articles of incorporation of the latter.

Article 68. The Central Association of Commercial and Industrial Cooperative Unions shall have the following officers: One president, Several directors, Several auditors.

Article 69. The Central Association of Commercial and Industrial Cooperative Unions may conduct the inspection in respect to the business and assets of its member-unions in accordance with the provisions of an Imperial Ordinance.

Article 70. The provisions of Article 4, Article 6, Article 11, Article 24 to Article 27 inclusive Article 31, paragraph 2 to paragraph 4 inclusive, Article 32 to Article 34 inclusive, Article 36 to Article 43 inclusive, Article 50, Article 51, Article 54 and Article 58 to Article 63 inclusive shall apply mutatis mutandis to the Central Association of Commercial and Industrial Cooperative Unions.

Chapter IX. Penal Provisions

Article 71. In case where a commercial and industrial cooperative union or the Central Association of Commercial and Industrial Cooperative Unions has contravened the present Law, any Ordinance issued thereunder of any disposition made on the basis of the Law or Ordinance, the president, directors or auditors or liquidators thereof shall be liable to a fine not exceeding five thousand yen.

Article 72. Any person who has contravened the provisions of Article 3, paragraph 2, Article 18, paragraph 2 or Article 65, paragraph 2 shall be liable to a fine not exceeding one thousand yen.

Supplementary provisions:

Article 73. The day of enforcement of the present Law shall be provided by an Imperial Ordinance.

Article 74. The Commercial and Industrial Cooperative Union Law (hereinafter called the "old Law" ) is hereby abrogated, provided that the old Law shall remain in force within the limits in which it is applied mutatis mutandis by any other Law or Ordinance.

Article 75. The Central Union or Central Association of Commercial and Industrial Cooperative Unions which has been formed in accordance with the old Law and existent at the time of enforcement of the present Law shall continue to exist within three months after the enforcement of the present Law, despite of the provisions of the preceding Article. The old Law shall, despite of the provisions of the preceding Article remain in force in respect of the unions and the Central Association mentioned in the preceding paragraph. Concerning the application of the penal provisions to the acts committed before the enforcement of the present Law or during the period in which a union or the Central Association mentioned in paragraph 1 continues to exist as prescribed by the same paragraph, the previous provisions shall be in force even after the enforcement of the present Law or after the old Law remaining in force in accordance with the provisions of the preceding paragraph has ceased to have the force. Any union or Central Association mentioned in paragraph 1 above existent at the expiration of the period mentioned in the same paragraph shall be dissolved at the expiration of the period. In relation to the dissolution and liquidation of the union or Central Asociation mentioned in the preceding paragraph and the liquidation of the union or Central Association actually in course of liquidation at the expiration of the period mentioned in paragraph 1 above, the old Law shall remain in force until the liquidation is completed.

Article 76. Any utility union formed under the old Law and existent at the time of enforcement of the present Law shall be deemed to be a commercial and industrial cooperative union formed under the present Law. The provisions of Article 18 shall not apply for a certain period to the warehouse warrants issued prior, to the enforcement of the present Law by a commercial and industrial cooperative union mentioned in the preceding paragraph. A commercial and industrial cooperative union mentioned in paragraph 1, shall effect necessary alteration in the Articles of union to obtain a sanction of the administrative authorities within three months of the date of enforcement of the present Law. A commercial and industrial cooperative union which has failed to apply for the sanction within the period mentioned in the preceding paragraph shall be dissolved at the expiration of the said period. Matters necessary for the registration of a commercial and industrial cooperative union mentioned in the preceding paragraph shall be determined by an Imperial Ordinance.

Article 77. Any person who is using a name containing the words mentioned in Article 3, paragraph 1 or Article 65, paragraph 1 shall alter the words within three months after enforcement of the present Law. The provisions of Article 72 shall not apply during the period mentioned in the preceding paragraph to the person mentioned in the same paragraph.

Article 78. The following amendments are made to part of the Central Bank of Commercial and Industrial Unions Law: In Article 1, paragraph 1, "commercial and industrial unions, commercial unions, association of commercial unions, commercial minor unions, in dustrial unions, association of industrial unions, industrial minor unions" shall read "commercial and industrial cooperative union." In Article 3, paragraph 1, paragraph 3 and paragraph 4, "central union composed of control unions, and association of commercial unions, association of industrial union" shall read "commercial and industrial cooperative union composed of commercial and industrial cooperative unions." In Article 7, paragraph 1, "commercial and industrial unions, commercial unions, association of commercial unions, commercial minor unions, industrial unions, association of industrial unions, industrial minor unions" shall read "commercial and industrial cooperative union." In Article 27, paragraph 1, proviso, "commercial and industrial unions, commercial union, industrial unions" shall read "commercial and industrial cooperative union." In Article 28, paragraph 1, item 6, and Article 29, paragraph 1, item 3, "commercial and industrial union, commercial unions, association of commercial unions, commercial minor unions, industrial union, association of industrial unions, industrial minor union" shall read "commercial and industrial cooperative union."

Article 79. The following amendments are made to part of the Registration Tax Law: In Article 19, item 7, "commercial and industrial union, central association of commercial and industrial unions, industrial union, association of industrial unions, industrial minor union, central association of industrial unions, commercial union, association of commercial unions, commercial minor union, central association of commercial unions" shall read "commercial and industrial cooperative union, Central Association of Commercial and Industrial Cooperative Unions," and "Commercial and Industrial Union Law, Industrial Union Law, Commercial Union Law" shall read "Commercial and Industrial Cooperative Law."

Article 80. Regardless of the preceding two Articles, the existing provisions shall apply to commercial and industrial unions, commercial unions, association of commercial unions, commercial minor unions, industrial unions, association of industrial unions and industrial minor unions in connection with the Central Bank of Commercial and Industrial Union when the present Law is promulgated and to the registration tax of commercial and industrial union, central association of commercial and industrial unions, commercial unions, association of commercial unions, commercial minor unions, industrial unions, association of industrial unions and industrial minor unions existent When the present Law is promulgated.

Article 81. The following amendments are made to part of the Stamp Revenue Law: In Article 4, paragraph 1, item 12, "commercial and industrial union, industrial union, association of industrial unions, industrial minor union, commercial unions, association of commercial unions, commercial minor unions" shall read "commercial and industrial cooperative union."

Article 82. The following amendments are made to part of the Foodstuffs Administration Law: In Article 21, paragraph 2, "Article 5, paragraph 2, paragraph 3 and Article 56 to Article 58 inclusive of the Commercial and Industrial Union Law" shall read "Article 17, paragraph 2, paragraph 3 and Article 18 to Article 20 inclusive of the Commercial and Industrial Union Law," and in proviso of the same Article, same paragraph "utility union warehouse warrant in Article 56, Article 57, paragraph 1 and Article 58 of the same Law" shall read "Warehouse warrant with the term of commercial and industrial cooperative union, prefixed in accordance with the provisions of Article 3, paragraph 1 prescribed in Article 18, paragraph 1 of the same Law."