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House approves Civil Consumer Corporation abolition
The House of Representatives passed a law abolishing the Civil Cooperative Institution and replacing it with the Military Cooperative Institution, which is considered its legal and factual successor. The law stipulates the transfer of all its rights and obligations, including assets—both movable and immovable—and ensures that all contracts and agreements made between the two institutions remain in effect, with the military institution recognized as a party thereto. Additionally, the law establishes a committee to manage the affairs of current employees upon its implementation, with its tasks and members specified according to instructions issued by the Council of Ministers.
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