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    QUICKNOTES On Cooperative Code

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    Alexis Sosing
    This document outlines key aspects of Philippine cooperatives as governed by Republic Act 9520, including: - Types of cooperatives such as advocacy, laboratory, and guardian cooperatives. - Purposes and functions of cooperative federations and unions in carrying out joint ventures and sponsoring studies for member organizations. - Requirements and timelines for amending articles of cooperation and bylaws, as well as thresholds for member voting. - Provisions for cooperative administration, termination, withdrawal of members, and voluntary or involuntary dissolution.

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    QUICKNOTES On Cooperative Code

    Uploaded by

    Alexis Sosing
    126 views2 pages
    This document outlines key aspects of Philippine cooperatives as governed by Republic Act 9520, including: - Types of cooperatives such as advocacy, laboratory, and guardian cooperatives. - Purposes and functions of cooperative federations and unions in carrying out joint ventures and sponsoring studies for member organizations. - Requirements and timelines for amending articles of cooperation and bylaws, as well as thresholds for member voting. - Provisions for cooperative administration, termination, withdrawal of members, and voluntary or involuntary dissolution.

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    QUICKNOTES on Cooperative Code

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    This document outlines key aspects of Philippine cooperatives as governed by Republic Act 9520, including: - Types of cooperatives such as advocacy, laboratory, and guardian cooperatives. - Purposes and functions of cooperative federations and unions in carrying out joint ventures and sponsoring studies for member organizations. - Requirements and timelines for amending articles of cooperation and bylaws, as well as thresholds for member voting. - Provisions for cooperative administration, termination, withdrawal of members, and voluntary or involuntary dissolution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    126 views2 pages

    QUICKNOTES On Cooperative Code

    Uploaded by

    Alexis Sosing
    This document outlines key aspects of Philippine cooperatives as governed by Republic Act 9520, including: - Types of cooperatives such as advocacy, laboratory, and guardian cooperatives. - Purposes and functions of cooperative federations and unions in carrying out joint ventures and sponsoring studies for member organizations. - Requirements and timelines for amending articles of cooperation and bylaws, as well as thresholds for member voting. - Provisions for cooperative administration, termination, withdrawal of members, and voluntary or involuntary dissolution.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    (Republic Act 9520)

    Advocacy Cooperative Laboratory Cooperative Guardian Cooperative


    Promotes cooperation through Managed principally by Cooperative which a
    socially oriented projects. minors. Ages 7-18. laboratory is affiliated with.

    Functions of a Federation Cooperative Purposes of a Cooperative Union


     To carry on  To acquire
     To perform  To sponsor studies
     To enter into joint ventures  Member organizations
     Member cooperative

    Prescription Period Amendment Voting Threshold


    Original Articles of Cooperation 60 days At least 2/3 of all the members with
    By-laws (submitted same time) 30 days VOTING rights
    Special: Cooperative Bank At least ¾ of all members w/ voting right

    Administration of Cooperative Termination or Withdrawal


    Delegation of powers from GA to BOD ¾ Withdrawal 60 day notice
    Ratification of Contract w Self Dealing Dir. ¾ Termination MBOD
    Removal of Elected Officer/Director ¾  Appeal by GA Within 30 days
    Voluntary Dissolution. No affected creditors ¾  Grievance committee Within 30 days
    Division/Merger of Cooperative ¾ Failure to act, decision in favor of member.
    General Assembly Board of Directors

    Quorum
    Meetings held at least annually. Meetings held at least monthly.
    Ordinary Cooperative 25% Ordinary Cooperative 50% + 1 or Bylaws
    Electric Cooperative 5% Cooperative Bank 50% + 1
    Cooperative bank 50% + 1

    Voluntary Dissolution Grounds for Suspension


    No creditors are affected Obtained registration by fraud
    Creditors are affected Existing for illegal purpose
    Involuntary Dissolution Willful violation of corporation code
    Violation of any law Willful failure to operate on a cooperative basis
    Insolvency Failure to meet minimum required members

    Distribution of Net Surplus – Reserve fund at least 50% in the first 5 years. 10% after.
     education and training – not more than 10% of net surplus
     community development – not less than 3% of net surplus
     optional fund – not exceed 7% of net surplus
     remainder – interest on share capital not exceeding normal rate of return

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