MABINI COLLEGES, INC.

Daet, Camarines Norte

COLLEGE OF BUSINESS ADMINISTRATION

And ACCOUNTANCY
nd
2 Sem., S.Y.2020-2021

FE 4- Cooperative Management
MODULE 6
Title: Insolvency and Dissolution of Cooperatives

Name of Student: Yana Xelca Mari D. Negado

Course/ year: BSBAFMII
Class Schedule: Saturday / 10am-1pm
Date Submitted: May 29, 2021

Assessment
Testing How Far Have You Learned

(In Google Classroom, this will be posted as a written task. There will be a deadline to be set for the
submission of answers)

True or False. Write I like to if the statement is True and Move it if the statement is False.

Move it 1. In a voluntary dissolution where no creditors are affected, the dissolution may be
affected by a majority vote of the board of directors and by a resolution duly adopted by the affirmative
vote of at least ½ of all the members with voting rights.
I like to _ 2. If a petition is sufficient in form and substance, the Authority shall issue an order
reciting the purpose of the petition and shall fix a date which shall not be less than thirty (30) nor more
than sixty (60) days after the entry of the order.

Move it 3. Upon the expiry of the seven (7) day notice to file objections, the Authority shall
proceed to hear the petition and try any issue raised in the objection filed.

I like to 4. The order of dissolution shall set forth therein: the assets and liabilities of the
cooperative; the claim of any creditor; the number of members; and the nature and extend of the
interests of the members of the cooperative.

I like to 5. A cooperative may be dissolved by order of a competent court after due hearing
on the grounds of violation of any law, regulation or provisions of its by-laws; or insolvency.

Move it 6. If the cooperative has not commenced business and its operation within one (1)
year after the issuance of its certificate of registration or has not carried on its business for two (2)
consecutive years, the Authority shall send a formal notice to said cooperative to show cause as to its
failure to operate.

I like to _ 7. The Authority may suspend or revoke, after due notice and hearing, the
certificate of registration of a cooperative existing for a legal purpose.

Move it 8. In case a cooperative is able to fulfill its obligations to creditors due to

insolvency, such cooperative may apply for such remedies as it may deem fit.

I like to 9. Where the dissolution of a cooperative may prejudice the rights of any creditor,
the petition for dissolution shall be filed with the Authority.

I like to 10. Every cooperative whose charter expires by its own limitation or whose
existence is terminated by voluntary dissolution or through an appropriate judicial proceeding shall
nevertheless continue to exist for three (3) years after the time it is dissolved.
 MABINI COLLEGES, INC.
Daet, Camarines Norte

COLLEGE OF BUSINESS ADMINISTRATION

And ACCOUNTANCY
2nd Sem., S.Y.2020-2021

FE 4- Cooperative Management
MODULE 7
Title: Capital, Property and Funds

Name of Student: Yana Xelca Mari D. Negado

Course/ year: BSBAFMII
Class Schedule: Saturday/ 10am-1pm
Date Submitted: May 29,2021

Assessment
Testing How Far Have You Learned

In Google Classroom, this will be posted as a written task. There will be a deadline to be set for the
submission of answers)
True or False. Write I like to if the statement is True and Move it if the statement is False.

I like to 1. The general assembly of any cooperative may authorize the board of directors to
raise a revolving capital.

Move it 2. The by-laws of a cooperative may prescribe a fine on paid subscribed share capital.

I like to 3. The by-laws of every cooperative shall be provided for a reasonable and realistic
member capital build-up program.

I like to 4. The par value of shares in a primary cooperative is not more than One Thousand
Pesos (P1,000.00).

Move it 5. No member shall transfer his shares or interest in the cooperative or any part
thereof unless the general assembly has approved such assignment.

I like to 6. No member of primary cooperative other than cooperative itself shall own or hold
more than ten per centum (10%) of the share capital of the cooperative.

I like to 7. The registered cooperative may derive their capital from loans and borrowings
including deposits.
I like to 8. Revolving capital of cooperatives consists of the deferred payment of patronage
refund, or interest on share capital.

I like to 9. Upon dissolution of cooperative, donated capital shall be subject to escheat.

I like to 10. The capitalization of cooperatives and the accounting procedures shall be governed by
the Philippine Cooperative Code of 2008 and the regulations which shall be issued.
 MABINI COLLEGES
Daet, Camarines Norte
FE 4
(Cooperative Management)
2nd Semester SY 2020-2021
PRE FINAL EXAMINATION

Name: Yana Xelca Mari D. Negado Day/Time: Saturday / 10am-1pm Score:____________

Course/Year: BSBAFMII Instructor: RONNEL C. YU, LLB,MPA
Note: Fill up all blanks above before you start the test.
ESSAY
1. Pursuant to Articles 64-68 of RA 9520 known as Philippine Cooperative Code of 2008, in
what manner the dissolution of cooperatives takes place? Discuss comprehensively.


2. How a primary cooperative is being liquidated?

3. What are the capital sources of primary cooperatives?

4. What are the limitations on share capital holdings?

5. What is the procedure on the assignment of share capital contributions or interest in

cooperative?

6. What is the significance or importance of a capital build-up?

7. How fines in the cooperatives are to be prescribed?

8. What is a share capital in a cooperative?

9. In what manner a cooperative may invest its capital?

10. Can the Cooperative Development Authority (CDA) revoke the certificate of registration
of a primary cooperative due to the latter’s failure to organize and operate?