Agreements with members for deductions from salary to meet claims of co-operative permitted.
Section 62
SEC. 62. Agreements with members for deductions from salary to meet claims of co-operative permitted.— A member of a co-operative may, notwithstanding the provisions of existing laws, execute an agreement in favor of the co-operative authorizing his employer to deduct from the salary or wages payable to him by the employer such amount as may be specified in the agreement and to pay the amount so deducted to the co-operative in satisfaction of any debt or other demand owing from the member to the co-operative. Upon the execution of such agreement the employer shall, if so required by the co-operative by a request in writing and so long as such debt or other demand or any part of it remains unpaid, make the deduction in accordance with the agreement and remit forthwith the amount so deducted to the co-operative. The term "employer" as used in this section includes the Government of the Philippines or of any local authority and any other person who has under his employ a member of a co-operative. The provisions of this section shall also apply to all such agreements of the nature referred to in subsection (1) as were in force on the date of the approval of Commonwealth Act Numbered five hundred sixty-five.