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RA 2023 Section 137

RA 2023 Section 137

Terms of business.

Section 137

SEC. 137. Terms of business.—All sales to members shall be on cash basis: Provided, however, That the members may order supplies on indent basis with a deposit of a percentage of the value as determined by the board of directors at the time of order and payment of the balance on delivery: Provided, further, That when a member refuses to receive and pay for the supplies after order, the said deposit may be forfeited in whole or in part at the discretion of the board.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER XVI.—Special provisions relating to co-operative wholesale societies →

Other provisions in CHAPTER XVI.—Special provisions relating to co-operative wholesale societies

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 137 (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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