“(4) Autonomy and Independence – Cooperatives are autonomous, self-help organizations controlled by their members. Members allocate surpluses for any or all of the following purposes: developing the cooperative by setting up reserves, part of which should at least be indivisible benefitting members in proportion to their partonage of the cooperative’s bubsiness and, supporting other activities approved by the membership.
They shall receive limited compensation or limited interest, if any, on capital subscribed and paid as a condition of membership. At least part of that capital is the common property of the cooperative. “(3) Member Economic Participation – Members contribute equitably to, and democratically control, the capital of their cooperatives. Cooperatives at other levels are organized in the same democratic manner. In primary cooperatives, members have equal voting rights of one-member, one-vote. Men and women serving as elected representatives, directors or officers are accountable to the membership. “(2) Democrative Member Control – Cooperatives are democratic organizations that are controlled by their members who actively participate in setting their policies and making decisions. “(1) Voluntary and Open Membership – Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination. – Every cooperative shall conduct its affairs in accordance with Filipino culture, good values and experience and the universally accepted principles of cooperation which include, but are not limited to, the following: – A cooperative is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles. “Further, the State recognizes the principle of subsidiarity under which the cooperative sector will initiate and regulate within its own ranks the promotion and organization, training and reserach, audit and support services relative to cooperatives with government assistance where necessary.
CERTIFICATE OF PUBLIC CONVEYANCE FREE
“Toward this end, the Government and all its branches, subdivisions, instrumentalities and agencies shall ensure the provision of technical guidance, financial assistance and other services to enable said cooperatives to develop into viable and responsive economic enterprises and thereby bring about a strong cooperative movement that is free from any conditions that might infringe upon the autonomy or organizational integrity of cooperatives. The State shall encourage the private sector to undertake the actual formation and organization of cooperatives and shall create an atmosphere that is conducive to the growth and development of these cooperatives. Declaration of Policy.- It is the declared policy of the State to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice.
CERTIFICATE OF PUBLIC CONVEYANCE CODE
– This Act shall be known as the “Philippine Cooperative Code of 2008”.
6938, otherwise known as the “Cooperative Code of the Philippines,” are hereby amended to read as follows: Articles 1, 2, 3, 4 and 5 of Chapter 1 on General Concepts and Principles of Republic Act No. Begun and held in Metro Manila, on Monday, the twenty-eighth day of July, two thousand eight.ĪN ACT AMENDING THE COOPERATIVE CODE OF THE PHILIPPINES TO BE KNOWN AS THE “PHILIPPINE COOPERATIVE CODE OF 2008”īe it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
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