Further Strengthening The Cooperative Movement By Amending Certain Provisions Of Presidential Decree Numbered One Hundred Seventy-Five, As Amended By Presidential Decree Numbered Nineteen H

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 2008

FURTHER STRENGTHENING THE COOPERATIVE MOVEMENT BY AMENDING CERTAIN PROVISIONS OF PRESIDENTIAL DECREE NUMBERED ONE HUNDRED SEVENTY-FIVE, AS AMENDED BY PRESIDENTIAL DECREE NUMBERED NINETEEN HUNDRED AND FIFTY-FIVE

WHEREAS, cooperatives constitute institutional vehicles to enhance productivity and increase the income of the people through built-in-mechanisms of economics of scale, costs-sharing and risk-sharing;

WHEREAS, it is vital and necessary for the government to encourage people to organize cooperatives that will provide for their need at the lowest possible cost and at the same time increase their incomes and productivity;

WHEREAS, to strengthen the cooperatives, there is need to restore to them certain privileges which were suspend by PD 1955;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree:

Section 1. Section 4 of Presidential Decree Numbered One Hundred Seventy-Five, as amended by Presidential Decree Numbered Nineteen Hundred and Fifty-Five, is hereby amended to read as follows:

"Sec. 4. Powers...

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