Act No. 3895 Section 13

Section 13

SEC. 13. Each association shall accumulate a surplus equal to one hundred per centum of its paid-in capital by setting aside out of profits each year a sum equal to fifty per centum of such profits. In case for any reason the surplus should decrease below the amount of the paid-in capital, a sufficient amount of the net profits not exceeding fifty per centum thereof shall be set aside each year to restore the surplus to the required amount. ACTIVITIES OF ASSOCIATIONS

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Other provisions in Act No. 3895

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 13 (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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