This up-dated new edition of the textbook on co-operative Law shows how political change and several new trends like economisation and approximation of co-operative law to company law, development of uniform legal designs for special matters like bookkeeping, audit and merger across legal patterns and national boundaries, the revised co-operative principles of the International Co-operative Alliance, a growing difference between small and large co-operatives, heterogeneous membership and extended solidarity, have affected co-operative legislation.