PD 269 Section 37

Non-liability of Members for Debts of Cooperative.

Section 37

SEC. 37. Non-liability of Members for Debts of Cooperative. — No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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