RA 6938 (Cooperative Code of the Philippines) Article 75

Assignment of Share Capital Contribution or Interest.

Article 75

ART. 75. Assignment of Share Capital Contribution or Interest. — Subject to the provisions of this Code, no member shall transfer his shares or interest in the cooperative or any part thereof unless : He has held such share capital contribution or interest for not less than one (1) year; The assignment is made to the cooperative or to a member of the cooperative or to a person who falls within the field of membership of the cooperative; and The board of directors has approved such assignment.

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