Full Title
AN ACT TO AMEND SECTION FOUR OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND SIXTY-FIVE BY WITHDRAWING THE EXEMPTION GRANTED IN FAVOR OF COOPERATIVE ASSOCIATIONS REFERRED TO THEREIN FROM THE PAYMENT OF TAXES.
Congress
1st Congress of the Republic
House Bill No.
H. No. 726
Legislative History
Request for e-copy
Date of Approval
October 30, 1946

Other Details

Issuance Category
Legislative Issuance
Legislative Issuance Type
Republic Act
Bill Note
House Bill Only
Subjects
COOPERATIVE SOCIETIES
TAXATION, EXEMPTION FROM
Amendment Note
CA 565, sec. 4

Full Text of Issuance

H. No. 726

[ REPUBLIC ACT NO. 89, October 30, 1946 ]

AN ACT TO AMEND SECTION FOUR OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND SIXTY-FIVE BY WITHDRAWING THE EXEMPTION GRANTED IN FAVOR OF COOPERATIVE ASSOCIATIONS REFERRED TO THEREIN FROM THE PAYMENT OF TAXES.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Section four of Commonwealth Act Numbered Five hundred and sixty-five is hereby amended to read as follows:

"SEC. 4. The provisions of the Corporation Law and of existing laws regulating agricultural or other cooperative associations, as are not inconsistent with the provisions of this Act, shall apply to the cooperative associations herein authorized."

SEC. 2. This Act shall take effect upon its approval.Approved, October 30, 1946.

Source: Supreme Court E-Library