SECTION. 23. The capital and the number of shares of stock of each agricultural credit cooperative association shall be fixed by the articles of incorporation: Provided, however, That it shall be lawful to fix in said articles of incorporation the minimum capital necessary for an association to begin operations, and to provide in its by-laws for the dissolution of the association if the capital stock shall be reduced to a sum less than said minimum.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2508 Section 23 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
