RA 2023 Section 28

Liability of member.

Section 28

SEC. 28. Liability of member.— In the case of a co-operative with limited liability a member shall be liable for the debts of the co-operative to the extent of the unpaid amount of his subscription to the capital stock or to the membership capital. In the case of a co-operative with unlimited liability a member shall, upon the liquidation of the co-operative, be jointly and severally liable for the debts of a co-operative.

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Other provisions in CHAPTER IV.—Membership

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

CitationRA 2023 Section 28 (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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