Practice question
A cooperative wants to join a federation under the Code. An officer says juridical capacity is limited to owning property and suing. Which is correct?
- Article9 also expressly permits joining federations or unions as provided by the Code
- Only property powers exist
- Federation membership always destroys legal personality
- Every cooperative must remain isolated
- Only private banks may form any association
Legal references
- RA9520 Philippine Cooperative Code: https://cda.gov.ph/issuances/republic-act-9520/ Articles3,4 and9.
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