RA 6938 (Cooperative Code of the Philippines) Article 77

Shares.

Article 77

ART. 77. Shares. — The term "share" refers to a unit of capital the par value of which may be fixed at any figure but not less than One peso (P1.00). The share capital of a cooperative is the money paid or required to be paid for to conduct its operations. The method of issuing the share certificates may be prescribed in the bylaws of the cooperative.

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