Context
Jürgen Keßler and Anja Herzberg's short article appeared in the Zeitschrift für das gesamte Genossenschaftswesen (vol. 59, no. 1, 2009, pp. 39–45), a German journal of cooperative studies. It is written in German, with abstracts in German, English and French.
The Question
Article 64 of the Regulation on the Statute for a European Cooperative Society (SCE) allows an SCE to issue securities and bonds as instruments of external finance. The article sets out which statutory requirements apply when it does so, and discusses the relevant provisions in Germany.
What Is Available
Only the abstract is openly available — the article sits behind the publisher's paywall — so this summary does not report the authors' conclusions. The abstract gives no figures on how often Article 64 is used; check any finding against the full text before citing it.
Relevance
For a housing cooperative organised as an SCE, the article addresses a practical question: the legal framework for raising debt finance from investors through securities and bonds.