PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
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AN ACT TO AMEND SECTION FOUR OF
COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND SIXTY-FIVE BY WITHDRAWING
THE EXEMPTION GRANTED IN FAVOR OF CO-OPERATIVE ASSOCIATIONS REFERRED TO
THEREIN FROM THE PAYMENT OF TAXES
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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 co-operative
associations, as are not inconsistent with the provisions of this Act,
shall apply to the co-operative associations herein authorized."
Sec. 2. This Act shall take effect upon its approval.
Approved: October 30,
1946
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