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RA 6938 (Cooperative Code of the Philippines) Article 80

Revolving Capital.

Article 80

ART. 80. Revolving Capital. — The general assembly of any cooperative may authorize the board of directors to raise a revolving capital to strengthen its capital structure by deferring the payment of patronage refunds and interest on share capital or by the authorized deduction of a percentage from the proceeds of products sold or per unit of product handled. The board of directors shall issue revolving capital certificates with serial number, name, amount, and rate of interest to be paid and shall distinctly set forth that the time of retirement by such certificates and the amounts to be returned are at the discretion of the board of directors. CHAPTER IXAUDIT, INQUIRY AND MEMBERS' RIGHT TO EXAMINE

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Other provisions in CHAPTER VIII

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 6938 (Cooperative Code of the Philippines) Article 80 (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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