Section 9
SEC. 9. Before an association may begin operations, it shall have a subscribed capital of not less than one thousand pesos and not more than fifty thousand pesos and at least one-tenth of the subscribed capital must be paid in cash.
Act No. 3895 Section 9
SEC. 9. Before an association may begin operations, it shall have a subscribed capital of not less than one thousand pesos and not more than fifty thousand pesos and at least one-tenth of the subscribed capital must be paid in cash.
CitationAct No. 3895 Section 9 (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).