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Act No. 3425 Section 24

Act No. 3425 Section 24

Contract for profit—prohibition.

Section 24

SEC. 24. Contract for profit—prohibition.—No director, officer, or employee, during the term of his office, shall be a party to a contract for profit with the association differing in any way from the business relations accorded members of the association, or differing from terms generally current in that district.

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Other provisions in Act No. 3425

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. 3425 Section 24 (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).

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