BARANGAY BAUTISTA ABRICULTURE COOPERATIVE
Purok 3, Barangay Bautista Labo, Camarines Norte
CDA Reg. No.9520-100500035297
SHARE CAPITAL POLICY
Article I
DECLARATION OF POLICY
This policy paper provides guidelines governing share capital contributions of the
Cooperative. The policy is aimed at providing a reasonable and realistic member share
capital build-up to allow for the continuing growth of members’ investment in the
Cooperative.
Article II
DEFINITION
The term “share” shall refer to a unit of capital with a par value of One Hundred Pesos
(P100.00).
Article III
MINIMUM AND MAXIMUM SHARE CAPITAL SUBSCRIPTION
As mandated by RA 9520 or the Philippine Cooperative Code of 2008, no member shall
own or hold more than ten (10) percent of the total share capital of the Cooperative.
Minimum: The minimum share capital subscription per member shall be One hundred
(100) shares with a total value of Five hundred Pesos (P500.00).
Maximum: The maximum share capital subscription per member shall be Thirty (30)
shares with a total value of Three Thousand Pesos (P3,000.00).
Article IV
SHARE CAPITAL CONTRIBUTION
To promote continuous capital build-up, members are required to invest in the
Cooperative in the form of share capital, as follows:
a. Initial Share Capital Contribution: Upon approval of membership, a member is
required an initial share capital contribution of at least five (5) shares or at least
Five Hundred Pesos (P500.00).
b. Continuous Capital Build-Up: After the initial share capital contribution, members
are required to contribute a minimum of three (3) shares or Three Hundred
BARANGAY BAUTISTA ABRICULTURE COOPERATIVE
Purok 3, Barangay Bautista Labo, Camarines Norte
CDA Reg. No.9520-100500035297
Pesos (P300.00) a month until the minimum Share Capital Subscription has been
paid
up. Members may change their monthly capital build-up anytime by informing the
coop office via email.
Article V
WITHDRAWAL OF SHARE CAPITAL CONTRIBUTION
Only upon termination of membership shall a member be entitled to a refund of his/her
share capital contribution. Partial withdrawal of share capital is not allowed.
Prepared by:
Ma. Lourdes V. Rafer
Secretary
BBAC
Signed by:
_____________ __________________
Andy B. Rocas Camilo P. Relaga
BOD BOD
______________________ _______________________
Gerry Vic L. Villaluz Lope P. Villaluz
BOD BOD
_____________________
Isabe B. Valenzuela
Chairman of the Board
