History of Cooperatives Movement | Legal Basis of Cooperative | Definition of Cooperative | Principles of Cooperatives | Why Agarwood Agriculture Coöperative? | Kinds of Membership | Qualification of Membership | Requirements for Membership | Organizational Structure | Rights and Privileges | Obligations + Responsibilities | The General Assembly
Constitutional Mandate
The Cooperative Marketing Law (Act 2425) – enacted and approved on December 9, 1927. The Rural Credit Associations were designed to help finance the marketing cooperatives.
The ACCFA Financing Program – The Congress of the Philippine in 1952 enacted Republic Act 821. This law established a system of liberal credit which is specially designed to meet the needs of the small farmer.
Republic Act No. 6938 – The bill was passed and signed as law by President Aquino on March 10, 1990. A companion law was also passed creating the Cooperative Development Authority (Rep. Act No. 6939) which provided for the abolition of BACOD and the transfer of its functions, qualified personnel and budget to the CDA.
Cooperative Development Authority (CDA) – is a government agency created by virtue of Republic Act No. 6939 in compliance with the provisions of Section 15, Article XII of the Philippine Constitution of 1987 which mandates Congress to create an agency to promote the viability and growth of cooperatives as instruments for equity, social justice and economic development
Republic Act No. 9520 – An act amending the Cooperative Code of the Philippines to be known as the “Philippine Cooperative Code of 2008” February 17, 2009
• Amended the Coop Code promulgated in 1990;
• Discussed in four (4) Congresses (starting the 11th Congress up to the 14th) spanning over ten (10) years;
• Approved by the Bicameral Committee on November 18,2008;
• Signed into law last February 17,2009
• The Philippine Cooperative Code of 2008 (Article1)
• Signed on February 17, 2009
• Published on March 7, 2009
• Effective March 22, 2009