Professional Documents
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PRO PERTY AN D FU N D S
Mitch Barbo
Share
The per value of which may be fixed
CAPITAL SO U RCES
Members share capital
Loans and borrowings including
deposits
Revolving Capital
Subsidies , donations , legacies ,
grants, aids and other
IF NOT:
Share in excess will revert to cooperative upon
payment to the heir of the value of such shares
FIN ES
IN VESTM EN T O F CAPITAL
JO IN T R U LES A N D R EG U LATIO N
IM P LEM N ETIN G A R TIC LES 60,61
A N D 144 O F R EP U B LIC A C T 9520,
O TH ER W IS E K N O W N A S TH E
P H ILIP P IN E C O O P ER ATIV E C O D E O F
2008" IN R ELATIO N TO R A N O .
8424 O R TH E N ATIO N A L IN TER N A L
R EV EN U E C O D E, A S A M EN D ED
(S EC TIO N 6,7,8)
Charlien Joyce
Sevilla
R EV EN U E M EM O R A N D U M O R D ER
transact business with both members and nonmembers which are further sub-classified
according to the following:
b.1) Cooperatives with accumulated reserves and
undivided net savings of not more than Ten Million Pesos
(Php 10,000,000.00); and
b.2) Cooperatives with accumulated reserves and
undivided net savings of more than Ten Million Pesos
(Php 10,000,000.00).