CDA Guidelines on Cooperative Cancellation and Liquidation

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CDA MEMORANDUM CIRCULAR NO. 2010-08: CDA Guidelines on Cooperative Cancellation and Liquidation

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Title Source: Supreme Court: CDA Guidelines on Cooperative Cancellation and Liquidation

Law: Cda Memorandum Circular No. 2010-08

Decision Date: Aug 24, 2010

The guidelines on the cancellation of cooperatives in the Philippines require existing cooperatives to submit certain documents within one year or face cancellation, with the liquidation process involving the constitution of a Panel of Liquidators responsible for inventorying assets, paying creditors, and distributing remaining assets to members.

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