Act No. 3425 Section 28

Dividends on membership capital and capital stock.

Section 28

SEC. 28. Dividends on membership capital and capital stock.—No association, organized under this Act, shall pay dividends in excess of eight per cent per annum on membership capital and common stock, and ten per cent per annum on preferred stock.

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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 28 (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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