RA 3779 Section 23

Section 23

SEC. 23. When dividends not distributable.&mdashNo association shall pay any dividends to stockholders or distribute any profits to stockholders if its withdrawable share is less than, or by such payment or distribution would be reduced below, the amount specified in section twenty-two hereof.

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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 23 (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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