Cooperative shall be categorized according to membership and territorial consideration. All officers shall serve during good behavior and shall not be removed except for cause after due hearing. � 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 services rendered, or per unit of product or services handled. RULE V - TRANSPORTATION SREVICE COOPERATIVES. (14) Certificate of Merger - shall refer to the document issued by the Authority evidencing registration of merger. "The conciliation and mediation committee of the cooperative shall facilitate the amicable settlement of intra-cooperative disputes and disputes among members, officers, directors, and committee members. Each Representative or Delegate shall be entitled to one (1) vote. All matters relating to the Certificate of Public Convenience such as capitalization. Undertaking to comply with the auditing and accounting standards prescribed by the Authority. Lease of Public Lands. REPUBLIC ACT No. 3. Membership and Affiliation. Autonomy and Independence - Electric Cooperatives are autonomous, self-help organizations controlled by their members. It shall be approved by at least majority of the members of each of the constituent cooperatives with voting rights, present and constituting a quorum in separate general/representative assembly meetings called for the purpose. LBP - shall refer to the Land Bank of the Philippines. 4.8 Other Committees. Registration Requirements. Itemized list of assets entitled to return as of the end of the last historical year. Section 5. An inventory of the audited documents, records and books to be disposed of shall be drawn up and certified to by the board secretary and the chairman of the audit committee and presented to the board of directors which may thereupon approve the disposition of said records. Liquidation of a Cooperative. Urban Areas - shall refer to all cities regardless of their population density and to municipalities with a population density of at least 500 persons per square kilometer. Five Types of Cooperatives There are 5 different types of cooperatives: Consumer: owned by consumers who buy goods or services from their cooperative Producer: owned by producers of commodities or crafts who Hybrid: a . 141. The training is required for all cooperative officers. 35. Reports. - This Act shall be known as the "Philippine Cooperative Code of 2008". (45) Patronage Refund - shall refer to the amount returned to individual members who patronize the goods and services of the cooperative in proportion to their individual patronage. The registration on an Electric Cooperative with the Authority under Article 127 of the Code shall be submitted for approval to the members through a referendum, as a voting procedure, specially called for such purpose. Here’s an overview of the types of co-operatives. Section 12. Uncertainty is conceptualized as a state of perception, which may be lacking, incomplete, or contested due to variability or lack of knowledge ( Asselt, 2013 ). The initial courses or any equivalent substitute thereof must be undertaken. This Rule shall cover all dairy Cooperatives duly registered under R.A. 9520 organized for the purpose of engaging in the procurement, processing and marketing of milk and dairy products. 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