Qualifications of the Chairperson and the Members of the Board.
Section 7
SEC. 7. Qualifications of the Chairperson and the Members of the Board. - The Chairperson and the Members of the Board must possess the following qualifications: (a) Natural born Filipino citizen; (b) Holder of any bachelor's degree; (c) With five (5) years experience as an officer of a cooperative in the cluster one represents: and (d) Must be a resident of the Philippines for at least five (5) years prior to appointment. Any person appointed as Chairperson or Member of the Board shall, upon appointment, divest oneself of any direct or indirect pecuniary interest or dealings with any cooperative.