Philippine Bar review · Question

Practice question: Cooperatives (RA 6938, as amended by RA 9520, Arts. 3, 4, 9, and 16)

Multiple Choice Easy

Practice question

Under Article4, member economic participation includes which characteristic?
  1. Equitable contributions and democratic control of capital
  2. Guaranteed unlimited interest on every contribution
  3. No member role in capital
  4. Mandatory transfer of all funds to outsiders
  5. A rule that patronage is always irrelevant

Legal references

  • RA9520 Philippine Cooperative Code: https://cda.gov.ph/issuances/republic-act-9520/ Articles3,4 and9.

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