Le riserve indivisibili nelle cooperative

This paper examines the indivisible reserves in the Italian cooperatives, which should characterize all cooperatives in the world according to the International Cooperative Alliance. The issue is dealt with from the point of view not only of company law but also of accounting and tax law. The paper examines all the spaces left by the law to the contractual freedom in order to design an effective and efficient financial structure of the cooperative thanks to all its reserves, divisible and indivisible.