SEC. 7. Each member shall subscribe for at least one share of stock in the association and shall have made at least the first installment payment thereon as a condition of membership, but he shall have not more than one vote regardless of the number of shares of stock of the association owned or held by him.
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. 3895 Section 7 (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).
