1 TRANSLATION OF THE PROCEEDINGS AND ... - APFA News

‘If a buyer purchases any good entrusted to a merchant who deals in goods of
that kind in the ordinary course of business, the buyer acquires all the rights
over that good’ replaces the one of article 31.2 listed on page 18.
‘Note: ‘ “Entrusting” means entrusting the good to a merchant who deals in goods
of that kind’. The suggestion of some members to rephrase the note thus was
endorsed by the Assembly. The few errors of words and phrases of the draft of the
Commercial Sales of Goods Act were corrected without altering the meaning of the
articles. Thus the Commercial Sales of Goods Act of the Kingdom of Bhutan, 2001
was passed by the National Assembly on July 17, 2001.
XV. Cooperatives Act
A copy of the draft Cooperatives Act was distributed to the honourable
Assembly members by the Ministry of Agriculture towards the end of the 78 th
Session of the National Assembly last year. Further, copies of the revised Act
dated 2001 was distributed to the Assembly members on July 29, 2001 and
deliberations on the Act started on August 18, 2001.
Introducing the Act, the Agriculture Minister said that the main reason for the
preparation of the Cooperatives Act is to ensure that the development activities
being undertaken by farmers with assistance from the Government are
sustainable. As the preparation of the Cooperatives Act is a planned activity of
the 8 th FYP, the Council of Ministers instructed the Ministry of Agriculture to
take the lead role in its preparation. Thereafter, a committee with representation
from the Ministry of Trade and Industry, Ministry of Home Affairs and the
Ministry of Agriculture was formed to draft the Act. The services and technical
knowledge of a representative from the Judiciary and an expatriate expert were
also made available to assist the Committee with the formulation of the Act.
210