Lyman Manzanares

Co-ops of the near future could find themselves asking less what they can do for their members and more what their members—and potential members—can do for each other. This might include co-ops facilitating peer-to-peer lending and mutual credit systems among their members, for instance, or online forums and marketplaces that help members build ties and […]

Cooperatives registered under [the Cooperative] Code may derive their capital from any or all of the following sources: (1) Member’s share capital; (2) Loans and borrowings including deposits; (3) Revolving capital which consists of the deferred payment of patronage refunds, or interest on share capital; and (4) Subsidies, donations, legacies, grants, aids and such other […]

“The NEA shall immediately step-in and take over from its Board the operations of any ailing electric cooperative. Within a reasonable period after take-over, the NEA may convert the ailing cooperative to either a stock cooperative registered with the CDA or a stock corporation registered with the Securities and Exchange Commission (SEC). The NEA shall […]

Unless otherwise prescribed by this Code and for legitimate purposes, any provision or matter stated in the articles of cooperation and by laws may be amended by two-thirds (2/3) vote of all the members with voting rights, without prejudice to the right of the dissenting members to exercise their right to withdraw their membership under […]

In the case of primary cooperatives, regular meetings of the board of directors shall be held at least once a month. Special meetings of the board of directors may be held at any time upon the call of the chairperson or a majority of the members of the board: Provided, That written notices of the […]

The bylaws may create an executive committee to be appointed by the board of directors with such powers and duties as may be delegated to it in the bylaws or by a majority vote of all the members of the board of directors. The bylaws shall provide for the creation of an audit, election, mediation […]

The by-laws may create an executive committee to be appointed by the board of directors with such powers and duties as may be delegated to it in the by-laws or by a majority vote of all the members of the board of directors. Art. 43(1), Chap. IVRep. Act No. 9520February 17, 2009

A federation of cooperatives shall undertake the following functions: (a) To carry on any cooperative enterprise authorized under Article 6 that complements augments, or supplements but does not conflict, complete with, nor supplant the business or economic activities of its members; (b) To carry on, encourage, and assist educational and advisory work relating to its […]

The Authority shall furnish the Bureau of Internal Revenue (BIR), LGUs which include provinces, highly-urbanized and independent cities, and other concerned agencies a certified list of duly registered cooperatives for purposes of processing tax exemptions. Any public official or employee who violates or in any manner circumvents this provision shall be dealt with in accordance […]

No cooperative or method or act thereof which complies with this Code shall be deemed a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily in violation of any laws of the Philippines.. Art. 8, Chap. IIRep. Act No. 9520February 17, 2009