Cooperatives

Cooperatives RA 9520

CDA →
BOD
- >
Admin - >
Deputy Admin

At least 15 people ( original )

-

↓
✓
1. Filipino
✓
2.
legal age
3- common bond of interest ( residential institutional
, ,
assoc .
, organi )
.
✓

-
Articles of cooperation -

By laws _
powers
AOC
name
-

Despot Reso Mechanism Cintra Coop)

.
Amend ≤ BL 43
Purpose meetings merge
-

scope of Business -
powers I Duties of GA Divide
term -
50 yrs renewable Dissolution

category GA -

delegate 314 ✓

Area of Ops to BOD

bermanent address

Economic Gen Statement

surveys
.

Common Bond Of Membership

No , Of directors -
bonds

share cap
-
251 . / 25% rule
-
Max Pdr : 1000 pesos
-
Min ownership : 10%
statement of Treasurer
-

sworn

Net surplus investment

custody
- -

&
-

method
-
Alloc .
of
interest in share cap -
defer -

revolving fund
Right to examine does termination
voluntary
60 days notice
-

Audit -
_
BOD -
A 7 L for refund
Audit committee
-
performance
-
financial powers that cannot be delegated by GA

social Amend
-

1-

2- Elect I remove BOD

Dissolution 3- Approval of Dev 't Plans
creditors ✗ resolution
Voluntary -1
-

creditors ✓ petition Bob

Term 2 yrs
-

≤ ≤ 15
involuntary :
insolvency 5
-

court ground ✗
- -
-

CDA
-

Failure to
operate committee
2 DEEMED dissolved Audit
yrs
]
-

/
- .

GA
required 2 .
Election
mediation conciliation
3
]
'

&
BOD
4 .
Ethics
Net surplus
-
reserved Fund 10%
:
Training 8 Educ 10% Officers
-
.

members of
community Dev 't 3% of
]
-

BOD
-
Optional Fund 7% V -
op

patronage refund Others

-
~ -

any
-
Remainder
capital :
share cap
liab I Bonds

Revolving cap
.
_
deferral of dividends
Donated cap .
Voting req .

2/3 Of All M .
Maj . Of BOD 3/4 of men .
Maj . Of Members
-
amendment of Aoc -

termination of membership -
valid delegation
-

compensation of directors
"
of allocation interest ratify voidable
-

BIL
- -

of c.
-
removal of Officer

merger
-

Maj .
Of BOD & Maj . Of GA
314 Of members
-
deferment of distribution
-

voluntary dissolution of interest