RA 3779 Section 22

Section 22

SEC. 22. Reserves.&mdashEvery savings and loan association shall create a withdrawable share reserve which shall consist of three per centum of the aggregate par value of the association's outstanding shares. In the case of non-stock corporations, the withdrawable share reserves shall be three per centum of the aggregate capital contributions of the members.

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Other provisions in RA 3779

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 3779 Section 22 (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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