Cooperative savings associations in Czech history and their position in the modern Czech financial sector
2014
Abstrakt
The article first describes the history and legal regulation of cooperative savings associations in Czech lands since the second half of the 19th century. The initial regulatory issues were resolved by the Cooperatives Act No. 70/1873 ř.z., complemented by Act No. 133/1903 ř.z.
The communist regime after 1948 cancelled the cooperative savings associations and transferred their assets to a single state-owned financial institution. In the middle of the 1990s the efforts to restore the sector of cooperative savings associations culminated in the enactment of Act No. 87/1995 Sb.