PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

REPUBLIC ACTS

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REPUBLIC ACT NO. 89

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

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