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Act No. 3425 Section 29

Act No. 3425 Section 29

Patronage dividend.

Section 29

SEC. 29. Patronage dividend.—The net profits of the association, over and above expenses and dividends on membership capital, or capital stock actually subscribed and paid, shall be distributed as patronage dividend among the members or owners of common stock thereof, in proportion to the value or volume of agricultural products sold to or through the association during the period for which such apportionment is made; but this provision shall not be construed to prevent the setting aside a part of the net profits to a surplus fund for the benefit of the association.

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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 29 (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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