RA 2023 Section 42

Contract for profit prohibited.

Section 42

SEC. 42. Contract for profit prohibited.—No director, officer, committee member or employee, during the term of his office, shall be a party to a contract for profit with the co-operative. However, contracts that may be entered into by the members with the co-operatives, may be entered into by the same director, officer or committee member or employee.

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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 ↗ · Data as of July 4, 2026

CitationRA 2023 Section 42 (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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