Model Articles of Cooperation - Cooperative Union

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Cooperative Development Authority
Dagupan Extension Office Region I, Philippines
Revised AC Cooperative Union March 2012

Published in: Business, Economy & Finance
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Model Articles of Cooperation - Cooperative Union

  1. 1. Cooperative Development AuthorityRevised March2012
  2. 2. KNOW ALL MEN BY THESE PRESENTS: We, the undersigned duly authorized representative(s) of our respective cooperatives, all of legal age and Filipino citizens, have on this day voluntarily agreed to organize a Union of cooperatives, under the laws of the Republic of the Philippines, herein after referred to as the Cooperative Union.
  3. 3. AND WE HEREBY CERTIFY:
  4. 4. That the name of thisCooperative Union shall be_________________________________________________________________________________________.
  5. 5. That the purpose(s) for which this Cooperative Union is organized are:a)________________________________ _b)________________________________ _c)________________________________ _
  6. 6. The goals of this Cooperative Union are tohelp improve the quality of services of itsaffiliates and in furtherance thereto shall aim:a. To represent its affiliate organizations;b. To acquire, analyze, and disseminateeconomic, statistical, and other informationrelating to its affiliates and to all types ofcooperatives within its area of operation;
  7. 7. c. To sponsor studies in the economic, legal, financial, social, and other phases of cooperation, and publish the results thereof;d. To promote the knowledge of cooperative principles and practices;e. To develop the cooperative movement in their respective jurisdictions;f. To advise the appropriate authorities on all questions relating to cooperatives;
  8. 8. g. To raise funds through membership fees, dues and contributions, donations, and subsidies from local and foreign sources whether private or government; andh. To do and perform such other non- business activities as may be necessary to attain the foregoing objectives.
  9. 9. This Cooperative Union registeredunder RA 9520 shall have thefollowing powers, rights andcapacities:1. To the exclusive use of its registered name;2. To sue and be sued;3. Of succession;
  10. 10. 4. To amend its articles of cooperation in accordance with the provisions of RA 9520;5. To adopt bylaws not contrary to law, morals or public policy, and to amend and repeal the same in accordance with RA 9520;
  11. 11. 6.To purchase, receive, take or grant, hold, convey, sell, lease, pledge, mortgage, and otherwise deal with such real and personal property as the transaction of the lawful affairs of the cooperative may reasonably and necessarily require, subject to the limitations prescribed by law and the Constitution;7.To enter into division, merger, or consolidation, as provided under RA 9520;
  12. 12. 8. To avail of loans, be entitled to credit and to accept and receive grants, donations and assistance from foreign and domestic sources subject to the conditions of said loans, credits, grants, donations or assistance that will not undermine the autonomy of the cooperative. The Authority, upon written request, shall provide necessary assistance in the documentary requirements for the loans, credit, grants, donations and other financial support; and
  13. 13. 9. To exercise such other powersgranted under RA 9520 ornecessary to carry out itspurposes as stated in this articlesof cooperation.
  14. 14. The term for which thisCooperative Union shall exist is_______ ( ) years from the date of itsregistration with the CooperativeDevelopment Authority.
  15. 15. That the membership of thisCooperative Union shall comefrom____________________________________________________________.Its principal office shall be located at______________________________________________________________.
  16. 16. That the name and complete postal addressof the cooperators are as follows: Name of Postal Address of Name of RepresentativeCooperator/Affiliate Cooperator/Affiliate
  17. 17. That the number of Directors ofthis Cooperative Union shall be________( ) and the name andaddress of the Board of Directors whoare to serve until their successorsshall have been elected and qualifiedas provided in this by-laws are:
  18. 18. NAME1.2.3.4.5.
  19. 19. That the capital contribution of theCooperative Union shall be_________________________________________________________________________Pesos (Php_____.00). That the amountof capital contribution of affiliates is, asfollows:
  20. 20. Names of Cooperator/Affiliate Amount of ContributionTOTAL
  21. 21. Article X Arbitral Clause Any dispute, controversy or claim arisingout of or relating to this Articles ofCooperation, the cooperative law and relatedrules, administrative guidelines of theCooperative Development Authority, includinginter-federation disputes and related concerns,and any question regarding the existence,interpretation, validity, breach or terminationor the business relationship shall be exclusivelyreferred to and finally resolved by voluntaryarbitration under the institutional rulespromulgated by the Cooperative DevelopmentAuthority, after compliance with theconciliation or mediation mechanisms embodied
  22. 22. BE IT KNOWN THAT: __________________________has been elected as Treasurer of thisCooperative Union to act as such untilher/his successor shall have been dulyappointed and qualified in accordancewith the by-laws. As suchTreasurer, he/she is authorized toreceive payments and issue receipts formembership fees, capital contributionand other revenues, and to payobligations for and in the name of thisCooperative Union.
  23. 23. IN WITNESS WHEREOF, we have hereunto signed our names this ________ day of _______ in _______________, Philippines. NAME AND SIGNATURE OF COOPERATORS/AFFILIATE Cooperator/Affiliate Name of Representative Signature of RepresentativeSIGNED IN THE PRESENCE OF: ________________________ ________________________ Signature Over Printed Name Signature Over Printed Name
  24. 24. ACKNOWLEDGMENTRepublic of the Philippines )Prov./City/Mun. of_________________) S.S. Before me, a Notary Public for and in theProvince/City/Municipality of____________________________ onthis ________ day of_______________________thefollowing persons personally appeared withtheir Proof of Identity as indicated oppositetheir respective names:
  25. 25. Name of Cooperative Proof of Identity Date and Place of Affiliate and its Issuance Representative
  26. 26. All known to me to be the same personswho executed the foregoing Articles ofCooperation, and acknowledged to me thatthe same is their free will and voluntary deed. This instrument known as Article ofCooperation of___________________________, consists of______ pages including this page where theacknowledgment is written signed by partiesand their instrumental witnesses on each andevery page thereof.
  27. 27. WITNESS my hand and seal this day andplace first above mentioned. Notary PublicDoc. No. : ____________Page No.: ____________Book No.: ____________Series of _____________
  28. 28. Power PointPresentation Preparedby PSU – OJT students Summer 2012

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