Re
publ
i
coft
hePhi
l
i
ppi
ne
s
Congr
e
s
soft
hePhi
l
i
ppi
ne
s
Me
t
r
oMani
l
a
F
our
t
e
e
nt
hCongr
e
s
s
Se
c
ondRe
gul
arSe
s
s
i
on
Be
gunandhe
l
di
nMe
t
r
oMani
l
a,onMonday
,t
het
we
nt
y
e
i
ght
hdayofJ
ul
y
,t
wot
hous
ande
i
ght
.
Re
publ
i
cAc
tNo.9520
F
e
br
uar
y17,2009
ANACTAMENDI
NGTHECOOPERATI
VECODEOFTHEPHI
L
I
PPI
NESTOBEKNOWNASTHE
"PHI
L
I
PPI
NECOOPERATI
VECODEOF2008"
Bei
tenac
t
edbyt
heSenat
eandHous
eofRepr
es
ent
at
i
v
esoft
hePhi
l
i
ppi
nesi
nCongr
es
sas
s
embl
ed:
:
SECTI
ON1.Ar
t
i
c
l
e
s1,2,3,4and5ofChapt
e
r1onGe
ne
r
alConc
e
pt
sandPr
i
nc
i
pl
e
sofRe
publ
i
cAc
t
No.6938,ot
he
r
wi
s
eknownast
he"Coope
r
at
i
v
eCodeoft
hePhi
l
i
ppi
ne
s
,
"ar
ehe
r
e
byame
nde
dt
o
r
e
adasf
ol
l
ows
:
CHAPTERI
GENERALCONCEPTSANDPRI
NCI
PL
ES
"ARTI
CL
E1.Ti
t
l
e.-Thi
sAc
ts
hal
lbeknownast
he"Phi
l
i
ppi
neCooper
at
i
v
eCodeof2008".
"ART.2.De
c
l
ar
at
i
onofPol
i
c
y
.
-I
ti
st
hede
c
l
ar
e
dpol
i
c
yoft
heSt
at
et
of
os
t
e
rt
hec
r
e
at
i
onand
gr
owt
hofc
oope
r
at
i
v
e
sasapr
ac
t
i
c
alv
e
hi
c
l
ef
orpr
omot
i
ngs
e
l
f
r
e
l
i
anc
eandhar
ne
s
s
i
ng
pe
opl
epowe
rt
owar
dst
heat
t
ai
nme
ntofe
c
onomi
cde
v
e
l
opme
ntands
oc
i
alj
us
t
i
c
e
.TheSt
at
e
s
hal
le
nc
our
aget
hepr
i
v
at
es
e
c
t
ort
ounde
r
t
aket
heac
t
ualf
or
mat
i
onandor
gani
z
at
i
onof
c
oope
r
at
i
v
e
sands
hal
lc
r
e
at
eanat
mos
phe
r
et
hati
sc
onduc
i
v
et
ot
hegr
owt
hand
de
v
e
l
opme
ntoft
he
s
ec
oope
r
at
i
v
e
s
.
"Towar
dt
hi
se
nd,t
heGov
e
r
nme
ntandal
li
t
sbr
anc
he
s
,s
ubdi
v
i
s
i
ons
,i
ns
t
r
ume
nt
al
i
t
i
e
sand
age
nc
i
e
ss
hal
le
ns
ur
et
hepr
ov
i
s
i
onoft
e
c
hni
c
algui
danc
e
,f
i
nanc
i
alas
s
i
s
t
anc
eandot
he
r
s
e
r
v
i
c
e
st
oe
nabl
es
ai
dc
oope
r
at
i
v
e
st
ode
v
e
l
opi
nt
ov
i
abl
eandr
e
s
pons
i
v
ee
c
onomi
c
e
nt
e
r
pr
i
s
e
sandt
he
r
e
bybr
i
ngaboutas
t
r
ongc
oope
r
at
i
v
emov
e
me
ntt
hati
sf
r
e
ef
r
om any
c
ondi
t
i
onst
hatmi
ghti
nf
r
i
ngeupont
heaut
onomyoror
gani
z
at
i
onali
nt
e
gr
i
t
yofc
oope
r
at
i
v
e
s
.
"F
ur
t
he
r
,t
heSt
at
er
e
c
ogni
z
e
st
hepr
i
nc
i
pl
eofs
ubs
i
di
ar
i
t
yunde
rwhi
c
ht
hec
oope
r
at
i
v
es
e
c
t
or
wi
l
li
ni
t
i
at
eandr
e
gul
at
ewi
t
hi
ni
t
sownr
ankst
hepr
omot
i
onandor
gani
z
at
i
on,t
r
ai
ni
ngand
r
e
s
e
r
ac
h,audi
tands
uppor
ts
e
r
v
i
c
e
sr
e
l
at
i
v
et
oc
oope
r
at
i
v
e
swi
t
hgov
e
r
nme
ntas
s
i
s
t
anc
e
whe
r
ene
c
e
s
s
ar
y
.
"ART.3.Ge
ner
alConc
ept
s
.-Ac
oope
r
at
i
v
ei
sanaut
onomousanddul
yr
e
gi
s
t
e
r
e
das
s
oc
i
at
i
on
ofpe
r
s
ons
,wi
t
hac
ommonbondofi
nt
e
r
e
s
t
,whohav
ev
ol
unt
ar
i
l
yj
oi
ne
dt
oge
t
he
rt
oac
hi
e
v
e
t
he
i
rs
oc
i
al
,e
c
onomi
c
,andc
ul
t
ur
alne
e
dsandas
pi
r
at
i
onsbymaki
nge
qui
t
abl
ec
ont
r
i
but
i
ons
t
ot
hec
api
t
alr
e
qui
r
e
d,pat
r
oni
z
i
ngt
he
i
rpr
oduc
t
sands
e
r
v
i
c
e
sandac
c
e
pt
i
ngaf
ai
rs
har
eof
t
her
i
s
ksandbe
ne
f
i
t
soft
heunde
r
t
aki
ngi
nac
c
or
danc
ewi
t
huni
v
e
r
s
al
l
yac
c
e
pt
e
dc
oope
r
at
i
v
e
pr
i
nc
i
pl
e
s
.
"ART.4.Coope
r
at
i
v
ePr
i
nc
i
pl
es
.-Ev
e
r
yc
oope
r
at
i
v
es
hal
lc
onduc
ti
t
saf
f
ai
r
si
nac
c
or
danc
e
wi
t
hF
i
l
i
pi
noc
ul
t
ur
e
,goodv
al
ue
sande
x
pe
r
i
e
nc
eandt
heuni
v
e
r
s
al
l
yac
c
e
pt
e
dpr
i
nc
i
pl
e
sof
c
oope
r
at
i
onwhi
c
hi
nc
l
ude
,butar
enotl
i
mi
t
e
dt
o,t
hef
ol
l
owi
ng:
"(
1)Vol
unt
ar
yandOpenMember
s
hi
p-Cooper
at
i
v
e
sar
ev
ol
unt
ar
yor
gani
z
at
i
ons
,
ope
nt
oal
lpe
r
s
onsabl
et
ous
et
he
i
rs
e
r
v
i
c
e
sandwi
l
l
i
ngt
oac
c
e
ptt
her
e
s
pons
i
bi
l
i
t
i
e
s
ofme
mbe
r
s
hi
p,wi
t
houtge
nde
r
,s
oc
i
al
,r
ac
i
al
,c
ul
t
ur
al
,pol
i
t
i
c
alorr
e
l
i
gi
ous
di
s
c
r
i
mi
nat
i
on.
"(
2)De
moc
r
at
i
v
eMemberCont
r
ol-Cooper
at
i
v
e
sar
ede
moc
r
at
i
cor
gani
z
at
i
onst
hat
ar
ec
ont
r
ol
l
e
dbyt
he
i
rme
mbe
r
swhoac
t
i
v
e
l
ypar
t
i
c
i
pat
ei
ns
e
t
t
i
ngt
he
i
rpol
i
c
i
e
sand
maki
ngde
c
i
s
i
ons
.Me
nandwome
ns
e
r
v
i
ngase
l
e
c
t
e
dr
e
pr
e
s
e
nt
at
i
v
e
s
,di
r
e
c
t
or
sor
of
f
i
c
e
r
sar
eac
c
ount
abl
et
ot
heme
mbe
r
s
hi
p.I
npr
i
mar
yc
oope
r
at
i
v
e
s
,me
mbe
r
shav
e
e
qualv
ot
i
ngr
i
ght
sofone
me
mbe
r
,one
v
ot
e
.Coope
r
at
i
v
e
satot
he
rl
e
v
e
l
sar
e
or
gani
z
e
di
nt
hes
amede
moc
r
at
i
cmanne
r
.
"(
3)Me
mberEc
onomi
cPar
t
i
c
i
pat
i
on-Member
sc
ont
r
i
but
ee
qui
t
abl
yt
o,and
de
moc
r
at
i
c
al
l
yc
ont
r
ol
,t
hec
api
t
aloft
he
i
rc
oope
r
at
i
v
e
s
.Atl
e
as
tpar
toft
hatc
api
t
ali
s
t
hec
ommonpr
ope
r
t
yoft
hec
oope
r
at
i
v
e
.The
ys
hal
lr
e
c
e
i
v
el
i
mi
t
e
dc
ompe
ns
at
i
onor
l
i
mi
t
e
di
nt
e
r
e
s
t
,i
fany
,onc
api
t
als
ubs
c
r
i
be
dandpai
dasac
ondi
t
i
onofme
mbe
r
s
hi
p.
Me
mbe
r
sal
l
oc
at
es
ur
pl
us
e
sf
oranyoral
loft
hef
ol
l
owi
ngpur
pos
e
s
:de
v
e
l
opi
ngt
he
c
oope
r
at
i
v
ebys
e
t
t
i
ngupr
e
s
e
r
v
e
s
,par
tofwhi
c
hs
houl
datl
e
as
tbei
ndi
v
i
s
i
bl
e
;
be
ne
f
i
t
t
i
ngme
mbe
r
si
npr
opor
t
i
ont
ot
he
i
rpar
t
onageoft
hec
oope
r
at
i
v
e
'
sbubs
i
ne
s
s
;
and,s
uppor
t
i
ngot
he
rac
t
i
v
i
t
i
e
sappr
ov
e
dbyt
heme
mbe
r
s
hi
p.
"(
4)Aut
onomyandI
ndependenc
e-Cooper
at
i
v
e
sar
eaut
onomous
,s
e
l
f
he
l
p
or
gani
z
at
i
onsc
ont
r
ol
l
e
dbyt
he
i
rme
mbe
r
s
.I
ft
he
ye
nt
e
ri
nt
oaggr
e
e
me
nt
swi
t
hot
he
r
or
gani
z
at
i
ons
,i
nc
l
udi
nggov
e
r
nme
nt
,orr
ai
s
ec
api
t
alf
r
om e
x
t
e
r
nals
our
c
e
s
,t
he
ys
hal
l
dos
oont
e
r
mst
hate
ns
ur
ede
moc
r
at
i
cc
ont
r
oloft
he
i
rme
mbe
r
sandmai
nt
ai
nt
he
i
r
c
oope
r
at
i
v
eaut
onomy
.
"(
5)Educ
at
i
on,Tr
ai
ni
ngandI
nf
or
mat
i
on-Cooper
at
i
v
e
ss
hal
lpr
ov
i
dee
duc
at
i
onand
t
r
ai
ni
ngf
ort
he
i
rme
mbe
r
s
,e
l
e
c
t
e
dandappoi
nt
e
dr
e
pr
e
s
e
nt
at
i
v
e
s
,manage
r
s
,and
e
mpl
oy
e
e
s
,s
ot
hatt
he
yc
anc
ont
r
i
but
ee
f
f
e
c
t
i
v
e
l
yande
f
f
i
c
i
e
nt
l
yt
ot
hede
v
e
l
opme
nt
oft
he
i
rc
oope
r
at
i
v
e
s
.
"(
6)Coope
r
at
i
onAmongCooper
at
i
v
es-Cooper
at
i
v
e
ss
e
r
v
et
he
i
rme
mbe
r
smos
t
e
f
f
e
c
t
i
v
e
l
yands
t
r
e
ngt
he
nt
hec
oope
r
at
i
v
emov
e
me
ntbywor
ki
ngt
oge
t
he
rt
hr
ough
l
oc
al
,nat
i
onal
,r
e
gi
onalandi
nt
e
r
nat
i
onals
t
r
uc
t
ur
e
s
.
(
7)Conc
er
nf
orCommuni
t
y-Cooper
at
i
v
e
swor
kf
ort
hes
us
t
ai
nabl
ede
v
e
l
opme
ntof
t
he
i
rc
ommuni
t
i
e
st
hr
oughpol
i
c
i
e
sappr
ov
e
dbyt
he
i
rme
mbe
r
s
.
"ART.5.De
f
i
ni
t
i
onofTer
ms
.–Thef
ol
l
owi
ngt
e
r
mss
hal
lme
an:
"(
1)Me
mberi
nc
l
ude
sape
r
s
one
i
t
he
rnat
ur
alorj
ur
i
di
c
alwhoadhe
r
i
ngt
ot
he
pr
i
nc
i
pl
e
ss
e
tf
or
t
hi
nt
hi
sCodeandi
nt
heAr
t
i
c
l
e
sofCoope
r
at
i
v
e
,hasbe
e
nadmi
t
t
e
d
byt
hec
oope
r
at
i
v
easme
mbe
r
;
"(
2)Ge
ner
alAs
s
embl
ys
hal
lme
ant
hef
ul
lme
mbe
r
s
hi
poft
hec
oope
r
at
i
v
edul
y
as
s
e
mbl
e
df
ort
hepur
pos
eofe
x
e
r
c
i
s
i
ngal
lt
her
i
ght
sandpe
r
f
or
mi
ngal
lt
he
obl
i
gat
i
onspe
r
t
ai
ni
ngt
oc
oope
r
at
i
v
e
s
,aspr
ov
i
de
dbyt
hi
sCode
,i
t
sar
t
i
c
l
e
sof
c
oope
r
at
i
onandby
l
aws
:Pr
ov
i
de
d,Thatf
orc
oope
r
at
i
v
e
swi
t
hnume
r
ousand
di
s
pe
r
s
e
dme
mbe
r
s
hi
p,t
hege
ne
r
alas
s
e
mbl
ymaybec
ompos
e
dofde
l
e
gat
e
se
l
e
c
t
e
d
bye
ac
hs
e
c
t
or
,c
hapt
e
rordi
s
t
r
i
c
toft
hec
oope
r
at
i
v
ei
nac
c
or
danc
ewi
t
ht
her
ul
e
sand
r
e
gul
at
i
onsoft
heCoope
r
at
i
v
eDe
v
e
l
opme
ntAut
hor
i
t
y
;
"(
3)Boar
dofDi
r
ec
t
or
ss
hal
lme
ant
hatbodye
nt
r
us
t
e
dwi
t
ht
hemanage
me
ntoft
he
af
f
ai
r
soft
hec
oope
r
at
i
v
eunde
ri
t
sar
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
aws
;
"(
4)Commi
t
t
ees
hal
lr
e
f
e
rt
oanybodye
nt
r
us
t
e
dwi
t
hs
pe
c
i
f
i
cf
unc
t
i
onsand
r
e
s
pons
i
bi
l
i
t
i
e
sunde
rt
heby
l
awsorr
e
s
ol
ut
i
onoft
hege
ne
r
alas
s
e
mbl
yort
heboar
d
ofdi
r
e
c
t
or
s
;
"(
5)Ar
t
i
c
l
esofCooper
at
i
onmeanst
hear
t
i
c
l
e
sofc
oope
r
at
i
onr
e
gi
s
t
e
r
e
dunde
rt
hi
s
Codeandi
nc
l
ude
sar
e
gi
s
t
e
r
e
dame
ndme
ntt
he
r
e
of
;
"(
6)By
l
awsmeanst
heby
l
awsr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodeandi
nc
l
ude
sanyr
e
gi
s
t
e
r
e
d
ame
ndme
ntt
he
r
e
of
;
"(
7)Re
gi
s
t
r
at
i
onmeanst
heope
r
at
i
v
eac
tgr
ant
i
ngj
ur
i
di
c
alpe
r
s
onal
i
t
yt
oapr
opos
e
d
c
oope
r
at
i
v
eandi
se
v
i
de
nc
e
dbyac
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
on;
"(
8)Coope
r
at
i
v
eDev
el
opmentAut
hor
i
t
yr
e
f
e
r
st
ot
hegov
e
r
nme
ntage
nc
yi
nc
har
ge
oft
her
e
gi
s
t
r
at
i
onandr
e
gul
at
i
onofc
oope
r
at
i
v
e
sass
uc
hhe
r
e
i
naf
t
e
rr
e
f
e
r
r
e
dt
ost
he
Aut
hor
i
t
y
;
"(
9)Uni
v
er
s
al
l
yAc
c
ept
edPr
i
nc
i
pl
esmeanst
hatbodyofc
oope
r
at
i
v
epr
i
nc
i
pl
e
s
adhe
r
e
dt
owor
l
dwi
debyc
oope
r
at
i
v
e
s
;
"(
10)Re
pr
es
ent
at
i
v
eAs
s
embl
ymeanst
hef
ul
lme
mbe
r
s
hi
pofabodyof
r
e
pr
e
s
e
nt
at
i
v
e
se
l
e
c
t
e
dbye
ac
hoft
hes
e
c
t
or
s
,c
hapt
e
rordi
s
t
r
i
c
tot
hec
oope
r
at
i
v
e
dul
yas
s
e
mbl
e
df
ort
hepur
pos
eofe
x
e
r
c
i
s
i
ngs
uc
hpowe
r
sl
awf
ul
l
yde
l
e
gat
e
dunt
o
t
he
m byt
hege
ne
r
alas
s
e
mbl
yi
nac
c
or
danc
ewi
t
hi
t
sby
l
aws
;
"(
11)Of
f
i
c
er
soft
heCooper
at
i
v
es
hal
li
nc
l
udet
heme
mbe
r
soft
heboar
dofdi
r
e
c
t
or
s
,
me
mbe
r
soft
hedi
f
f
e
r
e
ntc
ommi
t
t
e
ec
r
e
at
e
dbyt
hege
ne
r
alas
s
e
mbl
y
,ge
ne
r
al
manage
rorc
hi
e
fe
x
e
c
ut
i
v
eof
f
i
c
e
r
,s
e
c
r
e
t
ar
y
,t
r
e
as
ur
e
randme
mbe
r
shol
di
ngot
he
r
pos
i
t
i
onsasmaybepr
ov
i
de
df
ori
nt
he
i
rby
l
aws
;
"(
12)Soc
i
alAudi
ti
sapr
oc
e
dur
ewhe
r
e
i
nt
hec
oope
r
at
i
v
eas
s
e
s
s
e
si
t
ss
oc
i
ali
mpac
t
ande
t
hi
c
alpe
r
f
or
manc
ev
i
s
àv
i
si
t
ss
t
at
e
dmi
s
s
i
on,v
i
s
i
on,goal
sandc
odeofs
oc
i
al
r
e
s
pons
i
bi
l
i
t
yf
orc
oope
r
at
i
v
e
st
obee
s
t
abl
i
s
he
dbyt
heAut
hor
i
t
yi
nc
ons
ul
t
at
i
onwi
t
h
t
hec
oope
r
at
i
v
es
e
c
t
or
.I
te
nabl
e
st
hec
oope
r
at
i
v
et
ode
v
e
l
opapr
oc
e
s
swhe
r
e
byi
tc
an
ac
c
ountf
ori
t
ss
oc
i
alpe
r
f
or
manc
eande
v
al
uat
ei
t
si
mpac
ti
nt
hec
ommuni
t
yandbe
ac
c
ount
abl
ef
ori
t
sde
c
i
s
i
onsandac
t
i
onst
oi
t
sr
e
gul
arme
mbe
r
s
;
"(
13)Pe
r
f
or
manc
eAudi
ts
hal
lr
e
f
e
rt
oanaudi
tont
hee
f
f
i
c
i
e
nc
yande
f
f
e
c
t
i
v
e
ne
s
sof
t
hec
oope
r
at
i
v
easawhol
e
;i
t
smanage
me
ntandof
f
i
c
e
r
s
;andi
t
sv
ar
i
ousr
e
s
pons
i
bi
l
i
t
y
c
e
nt
e
r
sasbas
i
sf
ori
mpr
ov
i
ngi
ndi
v
i
dualt
e
am orov
e
r
al
lpe
r
f
or
manc
eandf
or
obj
e
c
t
i
v
e
l
yi
nf
or
mi
ngt
hege
ne
r
alme
mbe
r
s
hi
pons
uc
hpe
r
f
or
manc
e
;
"(
14)ASi
ngl
eLi
neorSi
ngl
ePur
pos
eCooper
at
i
v
es
hal
li
nc
l
udec
oope
r
at
i
v
e
unde
r
t
aki
ngac
t
i
v
i
t
i
e
swhi
c
har
er
e
l
at
e
dt
oi
t
smai
nl
i
neofbus
i
ne
s
sorpur
pos
e
;
"(
15)Se
r
v
i
c
eCooper
at
i
v
esar
et
hos
ewhi
c
hpr
ov
i
deanyt
y
peofs
e
r
v
i
c
et
oi
t
sme
mbe
r
s
,
i
nc
l
udi
ngbutnotl
i
mi
t
e
dt
o,t
r
ans
por
t
,i
nf
or
mat
i
onandc
ommuni
c
at
i
on,i
ns
ur
anc
e
,
hous
i
ng,e
l
e
c
t
r
i
c
,he
al
t
hs
e
r
v
i
c
e
s
,e
duc
at
i
on,banki
ng,ands
av
i
ngsandc
r
e
di
t
;
"(
16)Subs
i
di
ar
yCooper
at
i
v
er
e
f
e
r
st
ot
hr
e
eormor
epr
i
mar
yc
oope
r
at
i
v
e
s
,doi
ngt
he
s
amel
i
neofbus
i
ne
s
s
,or
gani
z
e
datt
hemuni
c
i
pal
,pr
ov
i
nc
i
al
,c
i
t
y
,s
pe
c
i
al
me
t
r
opol
i
t
anpol
i
t
i
c
als
ubdi
v
i
s
i
on,ore
c
onomi
cz
one
sc
r
e
at
e
dbyl
aw,r
e
gi
s
t
e
r
e
dwi
t
h
t
heAut
hor
i
t
yt
ounde
r
t
akebus
i
ne
s
sac
t
i
v
i
t
i
e
si
ns
uppor
tofi
t
sme
mbe
r
c
oope
r
at
i
v
e
s
.
"
SEC.2.Ar
t
i
c
l
e
s6,7,9,10,11,12,13,14,16,17,18,20,21,23,24and25ofChapt
e
rI
Ion
Or
gani
z
at
i
onandRe
gi
s
t
r
at
i
onoft
hes
ameCodear
ehe
r
e
byame
nde
dt
or
e
adasf
ol
l
ows
:
CHAPTERI
I
ORGANI
Z
ATI
ONANDREGI
STRATI
ON
"ART.6.Pur
pos
esofCooper
at
i
v
es
.–Ac
oope
r
at
i
v
emaybeor
gani
z
e
dandr
e
gi
s
t
e
r
e
df
orany
oral
loft
hef
ol
l
owi
ngpur
pos
e
s
:
"(
1)Toe
nc
our
aget
hr
i
f
tands
av
i
ngsmobi
l
i
z
at
i
onamongt
heme
mbe
r
s
;
"(
2)Toge
ne
r
at
ef
undsande
x
t
e
ndc
r
e
di
tt
ot
heme
mbe
r
sf
orpr
oduc
t
i
v
eand
pr
ov
i
de
ntpur
pos
e
s
;
"(
3)Toe
nc
our
ageamongme
mbe
r
ss
y
s
t
e
mat
i
cpr
oduc
t
i
onandmar
ke
t
i
ng;
"(
4)Topr
ov
i
degoodsands
e
r
v
i
c
e
sandot
he
rr
e
qui
r
e
me
nt
st
ot
heme
mbe
r
s
;
"(
5)Tode
v
e
l
ope
x
pe
r
t
i
s
eands
ki
l
l
samongi
t
sme
mbe
r
s
;
"(
6)Toac
qui
r
el
andsandpr
ov
i
dehous
i
ngbe
ne
f
i
t
sf
ort
heme
mbe
r
s
;
"(
7)Toi
ns
ur
eagai
ns
tl
os
s
e
soft
heme
mbe
r
s
;
"(
8)Topr
omot
eandadv
anc
et
hee
c
onomi
c
,s
oc
i
alande
duc
at
i
onals
t
at
usoft
he
me
mbe
r
s
;
"(
9)Toe
s
t
abl
i
s
h,own,l
e
as
eorope
r
at
ec
oope
r
at
i
v
ebanks
,c
oope
r
at
i
v
ewhol
e
s
al
eand
r
e
t
ai
lc
ompl
e
x
e
s
,i
ns
ur
anc
eandagr
i
c
ul
t
ur
al
/
i
ndus
t
r
i
alpr
oc
e
s
s
i
nge
nt
e
r
pr
i
s
e
s
,and
publ
i
cmar
ke
t
s
;
"(
10)Toc
oor
di
nat
eandf
ac
i
l
i
t
at
et
heac
t
i
v
i
t
i
e
sofc
oope
r
at
i
v
e
s
;
"(
11)Toadv
oc
at
ef
ort
hec
aus
eoft
hec
oope
r
at
i
v
emov
e
me
nt
s
;
"(
12)Toe
ns
ur
et
hev
i
abi
l
i
t
yofc
oope
r
at
i
v
e
st
hr
ought
heut
i
l
i
z
at
i
onofne
w
t
e
c
hnol
ogi
e
s
;
"(
13)Toe
nc
our
ageandpr
omot
es
e
l
f
he
l
pors
e
l
f
e
mpl
oy
me
ntasane
ngi
nef
or
e
c
onomi
cgr
owt
handpov
e
r
t
yal
l
e
v
i
at
i
on;and
"(
14)Tounde
r
t
akeanyandal
lot
he
rac
t
i
v
i
t
i
e
sf
ort
hee
f
f
e
c
t
i
v
eande
f
f
i
c
i
e
nt
i
mpl
e
me
nt
at
i
onoft
hepr
ov
i
s
i
onsoft
hi
sCode
.
"ART.7.Obj
ec
t
i
v
esandGoal
sofaCooper
at
i
v
e.–Thepr
i
mar
yobj
e
c
t
i
v
eofe
v
e
r
yc
oope
r
at
i
v
e
i
st
ohe
l
pi
mpr
ov
et
hequal
i
t
yofl
i
f
eofi
t
sme
mbe
r
s
.Towar
dst
hi
se
nd,t
hec
oope
r
at
i
v
es
hal
l
ai
mt
o:
"(
a)Pr
ov
i
degoodsands
e
r
v
i
c
e
st
oi
t
sme
mbe
r
st
oe
nabl
et
he
mt
oat
t
ai
ni
nc
r
e
as
e
d
i
nc
ome
,s
av
i
ngs
,i
nv
e
s
t
me
nt
s
,pr
oduc
t
i
v
i
t
y
,andpur
c
has
i
ngpowe
r
,andpr
omot
e
amongt
he
ms
e
l
v
e
se
qui
t
abl
edi
s
t
r
i
but
i
onofne
ts
ur
pl
ust
hr
oughmax
i
mum ut
i
l
i
z
at
i
on
ofe
c
onomi
e
sofs
c
al
e
,c
os
t
s
har
i
ngandr
i
s
ks
har
i
ng;
"(
b)Pr
ov
i
deopt
i
mum s
oc
i
alande
c
onomi
cbe
ne
f
i
t
st
oi
t
sme
mbe
r
s
;
"(
c
)Te
ac
ht
he
me
f
f
i
c
i
e
ntway
sofdoi
ngt
hi
ngsi
nac
oope
r
at
i
v
emanne
r
;
"(
d)Pr
opagat
ec
oope
r
at
i
v
epr
ac
t
i
c
e
sandne
wi
de
asi
nbus
i
ne
s
sandmanage
me
nt
;
"(
e
)Al
l
owt
hel
owe
ri
nc
omeandl
e
s
spr
i
v
i
l
e
ge
dgr
oupst
oi
nc
r
e
as
et
he
i
rowne
r
s
hi
pi
n
t
hewe
al
t
hoft
henat
i
on;and
"(
f
)Coope
r
at
ewi
t
ht
hegov
e
r
nme
nt
,ot
he
rc
oope
r
at
i
v
e
sandpe
opl
e
or
i
e
nt
e
d
or
gani
z
at
i
onst
of
ur
t
he
rt
heat
t
ai
nme
ntofanyoft
hef
or
e
goi
ngobj
e
c
t
i
v
e
s
.
"ART.8.Coope
r
at
i
v
esNoti
nRes
t
r
ai
ntofTr
ade.–Noc
oope
r
at
i
v
eorme
t
hodorac
tt
he
r
e
of
whi
c
hc
ompl
i
e
swi
t
ht
hi
sCodes
hal
lbede
e
me
dac
ons
pi
r
ac
yorc
ombi
nat
i
oni
nr
e
s
t
r
ai
ntof
t
r
adeorani
l
l
e
galmonopol
y
,oranat
t
e
mptt
ol
e
s
s
e
nc
ompe
t
i
t
i
onorf
i
xpr
i
c
e
sar
bi
t
r
ar
i
l
yi
n
v
i
ol
at
i
onofanyl
awsoft
hePhi
l
i
ppi
ne
s
.
"ART.9.Coope
r
at
i
v
ePowe
r
sandCapac
i
t
i
e
s
.–Ac
oope
r
at
i
v
er
e
gi
s
t
e
r
e
dunde
rt
hi
sCodes
hal
l
hav
et
hef
ol
l
owi
ngpowe
r
s
,r
i
ght
sandc
apac
i
t
i
e
s
:
"(
1)Tot
hee
x
c
l
us
i
v
eus
eofi
t
sr
e
gi
s
t
e
r
e
dname
,t
os
ueandbes
ue
d;
"(
2)Ofs
uc
c
e
s
s
i
on;
"(
3)Toame
ndi
t
sar
t
i
c
l
e
sofc
oope
r
at
i
oni
nac
c
or
danc
ewi
t
ht
hepr
ov
i
s
i
onsoft
hi
s
Code
;
"(
4)Toadoptby
l
awsnotc
ont
r
ar
yt
ol
aw,mor
al
sorpubl
i
cpol
i
c
y
,andt
oame
ndand
r
e
pe
alt
hes
amei
nac
c
or
danc
ewi
t
ht
hi
sCode
;
"(
5)Topur
c
has
e
,r
e
c
e
i
v
e
,t
akeorgr
ant
,hol
d,c
onv
e
y
,s
e
l
l
,l
e
as
e
,pl
e
dge
,mor
t
gage
,
andot
he
r
wi
s
ede
alwi
t
hs
uc
hr
e
alandpe
r
s
onalpr
ope
r
t
yast
het
r
ans
ac
t
i
onoft
he
l
awf
ulaf
f
ai
r
soft
hec
oope
r
at
i
v
emayr
e
as
onabl
yandne
c
e
s
s
ar
i
l
yr
e
qui
r
e
,s
ubj
e
c
tt
o
t
hel
i
mi
t
at
i
onspr
e
s
c
r
i
be
dbyl
awandt
heCons
t
i
t
ut
i
on;
"(
6)Toe
nt
e
ri
nt
odi
v
i
s
i
on,me
r
ge
rorc
ons
ol
i
dat
i
on,aspr
ov
i
de
di
nt
hi
sCode
;
"(
7)Tof
or
ms
ubs
i
di
ar
yc
oope
r
at
i
v
e
sandj
oi
nf
e
de
r
at
i
onsoruni
ons
,aspr
ov
i
de
di
n
t
hi
sCode
;
"(
8)Toav
ai
lofl
oans
,bee
nt
i
t
l
e
dt
oc
r
e
di
tandt
oac
c
e
ptandr
e
c
e
i
v
egr
ant
s
,donat
i
ons
andas
s
i
s
t
anc
ef
r
om f
or
e
i
gnanddome
s
t
i
cs
our
c
e
s
,s
ubj
e
c
tt
ot
hec
ondi
t
i
onsofs
ai
d
l
oans
,c
r
e
di
t
s
,gr
ant
s
,donat
i
onsoras
s
i
s
t
anc
et
hatwi
l
lnotunde
r
mi
net
heaut
onomy
oft
hec
oope
r
at
i
v
e
.TheAut
hor
i
t
y
,uponwr
i
t
t
e
nr
e
que
s
t
,s
hal
lpr
ov
i
dene
c
e
s
s
ar
y
as
s
i
s
t
anc
ei
nt
hedoc
ume
nt
ar
yr
e
qui
r
e
me
nt
sf
ort
hel
oans
,c
r
e
di
t
,gr
ant
s
,donat
i
ons
andot
he
rf
i
nanc
i
als
uppor
t
;
"(
9)Toav
ai
lofpr
e
f
e
r
e
nt
i
alr
i
ght
sgr
ant
e
dt
oc
oope
r
at
i
v
e
sunde
rRe
publ
i
cAc
tNo.
7160,ot
he
r
wi
s
eknownast
heL
oc
alGov
e
r
nme
ntCode
,andot
he
rl
aws
,par
t
i
c
ul
ar
l
y
t
hos
ei
nt
hegr
antoff
r
anc
hi
s
e
st
oe
s
t
abl
i
s
h,c
ons
t
r
uc
t
,ope
r
at
eandmai
nt
ai
nf
e
r
r
i
e
s
,
whar
v
e
s
,mar
ke
t
sors
l
aught
e
r
hous
e
sandt
ol
e
as
epubl
i
cut
i
l
i
t
i
e
s
,i
nc
l
udi
ngac
c
e
s
st
o
e
x
t
e
ns
i
onandons
i
t
er
e
s
e
ar
c
hs
e
r
v
i
c
e
sandf
ac
i
l
i
t
i
e
sr
e
l
at
e
dt
oagr
i
c
ul
t
ur
eandf
i
s
he
r
y
ac
t
i
v
i
t
i
e
s
;
"(
10)Toor
gani
z
eandope
r
at
es
c
hool
si
nac
c
or
danc
ewi
t
hRe
publ
i
cAc
tNo.9155,
Gov
e
r
nanc
eofBas
i
cEduc
at
i
onAc
tof2001andot
he
rpe
r
t
i
ne
ntl
aws
;and
"(
11)Toe
x
e
r
c
i
s
es
uc
hot
he
rpowe
r
sgr
ant
e
dbyt
hi
sCodeorne
c
e
s
s
ar
yt
oc
ar
r
youti
t
s
pur
pos
eorpur
pos
e
sass
t
at
e
di
ni
t
sAr
t
i
c
l
e
sofc
oope
r
at
i
on.
"ART.10.Or
gani
z
i
ngaPr
i
mar
yCooper
at
i
v
e.–Fi
f
t
e
e
n(
15)ormor
enat
ur
alpe
r
s
onswhoar
e
F
i
l
i
pi
noc
i
t
i
z
e
ns
,ofl
e
galage
,hav
i
ngac
ommonbondofi
nt
e
r
e
s
tandar
eac
t
ual
l
yr
e
s
i
di
ngor
wor
ki
ngi
nt
hei
nt
e
nde
dar
e
aofope
r
at
i
on,mayor
gani
z
eapr
i
mar
yc
oope
r
at
i
v
eunde
rt
hi
s
Code
:Pr
ov
i
ded,Thatapr
os
pe
c
t
i
v
eme
mbe
rofapr
i
mar
yc
oope
r
at
i
v
emus
thav
ec
ompl
e
t
e
da
Pr
e
Me
mbe
r
s
hi
pEduc
at
i
onSe
mi
nar(
PMES)
.
"Anyne
wl
yor
gani
z
e
dpr
i
mar
yc
oope
r
at
i
v
emayber
e
gi
s
t
e
r
e
dasmul
t
i
pur
pos
ec
oope
r
at
i
v
e
onl
yaf
t
e
rc
ompl
i
anc
ewi
t
ht
hemi
ni
mum r
e
qui
r
e
me
nt
sf
ormul
t
i
pur
pos
ec
oope
r
at
i
v
e
st
obe
s
e
tbyt
heAut
hor
i
t
y
.As
i
ngl
e
pur
pos
ec
oope
r
at
i
v
emayt
r
ans
f
or
mi
nt
oamul
t
i
pur
pos
eormay
c
r
e
at
es
ubs
i
di
ar
i
e
sonl
yaf
t
e
ratl
e
as
tt
wo(
2)y
e
ar
sofope
r
at
i
ons
.
"ART.11.Ec
onomi
cSur
v
ey
.-Ev
e
r
ygr
oupofi
ndi
v
i
dual
sorc
oope
r
at
i
v
e
si
nt
e
ndi
ngt
of
or
ma
c
oope
r
at
i
v
eunde
rt
hi
sCodes
hal
ls
ubmi
tt
ot
heAut
hor
i
t
yage
ne
r
als
t
at
e
me
ntde
s
c
r
i
bi
ng,
amongot
he
r
st
hes
t
r
uc
t
ur
eandpur
pos
e
soft
hepr
opos
e
dc
oope
r
at
i
v
e
:Pr
ov
i
ded,Thatt
he
s
t
r
uc
t
ur
eandac
t
uals
t
af
f
i
ngpat
t
e
r
noft
hec
oope
r
at
i
v
es
hal
li
nc
l
udea
bookke
e
pe
r
;Pr
ov
i
ded,f
ur
t
her
,Thatt
he
ys
hal
lnotbeal
l
owe
dt
oope
r
at
ewi
t
houtt
he
ne
c
e
s
s
ar
ype
r
s
onne
lands
hal
lal
s
os
ubmi
tane
c
onomi
cs
ur
v
e
y
,i
ndi
c
at
i
ngt
he
r
e
i
nt
hear
e
aof
ope
r
at
i
on,t
hes
i
z
eofme
mbe
r
s
hi
p,andot
he
rpe
r
t
i
ne
ntdat
ai
naf
or
matpr
ov
i
de
dbyt
he
Aut
hor
i
t
y
.
"ART.12.L
i
abi
l
i
t
y
.–Ac
oope
r
at
i
v
edul
yr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodes
hal
lhav
el
i
mi
t
e
dl
i
abi
l
i
t
y
.
"ART.13.Te
r
m.–Ac
oope
r
at
i
v
es
hal
le
x
i
s
tf
orape
r
i
odnote
x
c
e
e
di
ngf
i
f
t
y(
50)y
e
ar
sf
r
om t
he
dat
eofr
e
gi
s
t
r
at
i
onunl
e
s
ss
oone
rdi
s
s
ol
v
eorunl
e
s
ss
ai
dpe
r
i
odi
se
x
t
e
nde
d.Thec
oope
r
at
i
v
e
t
e
r
m,asor
i
gi
nal
l
ys
t
at
e
di
nt
hear
t
i
c
l
e
sofc
oope
r
at
i
on,maybee
x
t
e
nde
df
orpe
r
i
odsnot
e
x
c
e
e
di
ngf
i
f
t
y(
50)y
e
ar
si
nanys
i
ngl
ei
ns
t
anc
ebyaname
ndme
ntoft
hear
t
i
c
l
e
sof
c
oope
r
at
i
on,i
nac
c
or
danc
ewi
t
ht
hi
sCode
:Pr
ov
i
ded,Thatnoex
t
e
ns
i
onc
anbemadee
ar
l
i
e
r
t
hanf
i
v
e(
5)y
e
ar
spr
i
ort
ot
heor
i
gi
nalors
ubs
e
que
nte
x
pi
r
ydat
e
/
dat
e
sunl
e
s
st
he
r
ear
e
j
us
t
i
f
i
abl
er
e
as
onsf
orane
ar
l
i
e
re
x
t
e
ns
i
onasmaybede
t
e
r
mi
ne
dbyt
heAut
hor
i
t
y
.
"ART.14.Ar
t
i
c
l
esofCooper
at
i
on.–(
1)Al
lc
oope
r
at
i
v
e
sappl
y
i
ngf
orr
e
gi
s
t
r
at
i
ons
hal
lf
i
l
e
wi
t
ht
heAut
hor
i
t
yt
hear
t
i
c
l
e
sofc
oope
r
at
i
onwhi
c
hs
hal
lbes
i
gne
dbye
ac
hoft
heor
gani
z
e
r
s
andac
knowl
e
dge
dbyt
he
mi
fnat
ur
alpe
r
s
ons
,andbyt
hec
hai
r
pe
r
s
onsors
e
c
r
e
t
ar
i
e
s
,i
f
j
ur
i
di
c
alpe
r
s
ons
,be
f
or
eanot
ar
ypubl
i
c
.
"(
2)Thear
t
i
c
l
e
sofc
oope
r
at
i
ons
hal
ls
e
tf
or
t
h:
"(
a)Thenameoft
hec
oope
r
at
i
v
ewhi
c
hs
hal
li
nc
l
udet
hewor
dc
oope
r
at
i
v
e
;
"(
b)Thepur
pos
eorpur
pos
e
sands
c
opeofbus
i
ne
s
sf
orwhi
c
ht
hec
oope
r
at
i
v
ei
st
obe
r
e
gi
s
t
e
r
e
d;
"(
c
)Thet
e
r
m ofe
x
i
s
t
e
nc
eoft
hec
oope
r
at
i
v
e
;
"(
d)Thear
e
aofope
r
at
i
onandt
hepos
t
aladdr
e
s
s
e
sofi
t
spr
i
nc
i
palof
f
i
c
e
;
"(
e
)Thename
s
,nat
i
onal
i
t
y
,andt
hepos
t
aladdr
e
s
s
e
soft
her
e
gi
s
t
r
ant
s
;
"(
f
)Thec
ommonbondofme
mbe
r
s
hi
p;
"(
g)Thel
i
s
tofname
soft
hedi
r
e
c
t
or
swhos
hal
lmanaget
hec
oope
r
at
i
v
e
;and
"(
h)Theamountofi
t
ss
har
ec
api
t
al
,t
hename
sandr
e
s
i
de
nc
e
sofi
t
sc
ont
r
i
but
or
sand
as
t
at
e
me
ntofwhe
t
he
rt
hec
oope
r
at
i
v
ei
spr
i
mar
y
,s
e
c
ondar
yort
e
r
t
i
ar
yi
n
ac
c
or
danc
ewi
t
hAr
t
i
c
l
e23he
r
e
of
.
"(
3)Thear
t
i
c
l
e
sofc
oope
r
at
i
onmayal
s
oc
ont
ai
nanyot
he
rpr
ov
i
s
i
onsnoti
nc
ons
i
s
t
e
ntwi
t
h
t
hi
sCodeoranyr
e
l
at
e
dl
aw.
"(
4)F
our(
4)c
opi
e
se
ac
hoft
hepr
opos
e
dar
t
i
c
l
e
sofc
oope
r
at
i
on,by
l
aws
,andt
hege
ne
r
al
s
t
at
e
me
ntr
e
qui
r
e
dunde
rAr
t
i
c
l
e11oft
hi
sCodes
hal
lbes
ubmi
t
t
e
dt
ot
heAut
hor
i
t
y
.
"(
5)Noc
oope
r
at
i
v
e
,ot
he
rt
hanac
oope
r
at
i
v
euni
onasde
s
c
r
i
be
dunde
rAr
t
i
c
l
e25he
r
e
of
,
s
hal
lber
e
gi
s
t
e
r
e
dunl
e
s
st
hear
t
i
c
l
e
sofc
oope
r
at
i
oni
sac
c
ompani
e
dwi
t
ht
hebondsoft
he
ac
c
ount
abl
eof
f
i
c
e
r
sandas
wor
ns
t
at
e
me
nt
soft
het
r
e
as
ur
e
re
l
e
c
t
e
dbyt
hes
ubs
c
r
i
be
r
s
s
howi
ngt
hatatl
e
as
tt
we
nt
y
f
i
v
epe
rc
ent
um (
25%)oft
heaut
hor
i
z
e
ds
har
ec
api
t
alhasbe
e
n
s
ubs
c
r
i
be
dandatl
e
as
tt
we
nt
y
f
i
v
epe
rc
ent
um(
25%)oft
het
ot
als
ubs
c
r
i
pt
i
onhasbe
e
n
pai
d:Pr
ov
i
ded,Thati
nnoc
as
es
hal
lt
hepai
dups
har
ec
api
t
albel
e
s
st
hanF
i
f
t
e
e
nt
hous
and
pe
s
os(
P15,
000.
00)
.
"TheAut
hor
i
t
ys
hal
lpe
r
i
odi
c
al
l
yas
s
e
s
st
her
e
qui
r
e
dpai
dups
har
ec
api
t
alandmayi
nc
r
e
as
ei
t
e
v
e
r
yf
i
v
e(
5)y
e
ar
swhe
nne
c
e
s
s
ar
yuponc
ons
ul
t
at
i
onwi
t
ht
hec
oope
r
at
i
v
es
e
c
t
orandt
he
Nat
i
onalEc
onomi
candDe
v
e
l
opme
ntAut
hor
i
t
y(
NEDA)
.
"ART.15.By
l
aws
.–(
1)Eac
hc
oope
r
at
i
v
et
ober
e
gi
s
t
e
r
e
dunde
rt
hi
sCodes
hal
ladoptby
l
aws
noti
nc
ons
i
s
t
e
ntwi
t
ht
hepr
ov
i
s
i
onsoft
hi
sCode
.Theby
l
awss
hal
lbef
i
l
e
datt
hes
amet
i
meas
t
hear
t
i
c
l
e
sofc
oope
r
at
i
on.
"(
2)Theby
l
awsofe
ac
hc
oope
r
at
i
v
es
hal
lpr
ov
i
de
:
"(
a)Thequal
i
f
i
c
at
i
onsf
oradmi
s
s
i
ont
ome
mbe
r
s
hi
pandt
hepay
me
ntt
obemadeor
i
nt
e
r
e
s
tt
obeac
qui
r
e
dasac
ondi
t
i
onsf
ort
hee
x
e
r
c
i
s
eoft
her
i
ghtofme
mbe
r
s
hi
p;
"(
b)Ther
i
ght
sandl
i
abi
l
i
t
i
e
sofme
mbe
r
s
hi
p;
"(
c
)Thec
i
r
c
ums
t
anc
e
sunde
rwhi
c
hme
mbe
r
s
hi
pi
sac
qui
r
e
d,mai
nt
ai
ne
dandl
os
t
;
"(
d)Thepr
oc
e
dur
et
obef
ol
l
owe
di
nc
as
e
soft
e
r
mi
nat
i
onofme
mbe
r
s
hi
p;
"(
e
)Thec
ondi
t
i
onsunde
rwhi
c
ht
het
r
ans
f
e
rofas
har
eori
nt
e
r
e
s
toft
heme
mbe
r
s
s
hal
lbepe
r
mi
t
t
e
d;
"(
f
)Ther
ul
e
sandpr
oc
e
dur
e
sont
heage
nda,t
i
me
,pl
ac
eandmanne
rofc
al
l
i
ng,
c
onv
e
ni
ng,c
onduc
t
i
ngme
e
t
i
ngs
,quor
um r
e
qui
r
e
me
nt
s
,v
ot
i
ngs
y
s
t
e
ms
,andot
he
r
mat
t
e
r
sr
e
l
at
i
v
et
ot
hebus
i
ne
s
saf
f
ai
r
soft
hege
ne
r
alas
s
e
mbl
y
,boar
dofdi
r
e
c
t
or
s
,
andc
ommi
t
t
e
e
s
;
"(
g)Thege
ne
r
alc
onduc
toft
heaf
f
ai
r
soft
hec
oope
r
at
i
v
e
,i
nc
l
udi
ngt
hepowe
r
sand
dut
i
e
soft
hege
ne
r
alas
s
e
mbl
y
,t
heboar
dofdi
r
e
c
t
or
s
,c
ommi
t
t
e
e
sandt
heof
f
i
c
e
r
s
,
andt
he
i
rqual
i
f
i
c
at
i
onsanddi
s
qual
i
f
i
c
at
i
ons
;
"(
h)Themanne
ri
nwhi
c
ht
hec
api
t
al
,mayber
ai
s
e
dandt
hepur
pos
e
sf
orwhi
c
hi
t
c
anbeut
i
l
i
z
e
d;
"(
i
)Themodeofc
us
t
odyandofi
nv
e
s
t
me
ntofne
ts
ur
pl
us
;
"(
j
)Theac
c
ount
i
ngandaudi
t
i
ngs
y
s
t
e
ms
;
"(
k)Themanne
rofl
oani
ngandbor
r
owi
ngi
nc
l
udi
ngt
hel
i
mi
t
at
i
onst
he
r
e
of
;
"(
l
)Theme
t
hodofdi
s
t
r
i
but
i
onofne
ts
ur
pl
us
;
"(
m)Themanne
rofadopt
i
ng,ame
ndi
ng,r
e
pe
al
i
ng,andabr
ogat
i
ngby
l
aws
;
"(
n)Ac
onc
i
l
i
at
i
onorme
di
at
i
onme
c
hani
s
mf
ort
heami
c
abl
es
e
t
t
l
e
me
ntofdi
s
put
e
s
amongme
mbe
r
s
,di
r
e
c
t
or
s
,of
f
i
c
e
r
sandc
ommi
t
t
e
eme
mbe
r
soft
hec
oope
r
at
i
v
e
;and
"(
o)Ot
he
rmat
t
e
r
si
nc
i
de
ntt
ot
hepur
pos
e
sandac
t
i
v
i
t
i
e
soft
hec
oope
r
at
i
v
e
.
"ART.16.Re
gi
s
t
r
at
i
on.¬–Ac
oope
r
at
i
v
ef
or
me
dandor
gani
z
e
dunde
rt
hi
sCodeac
qui
r
e
s
j
ur
i
di
c
alpe
r
s
onal
i
t
yf
r
om t
hedat
et
heAut
hor
i
t
yi
s
s
ue
sac
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
onunde
ri
t
s
of
f
i
c
i
als
e
al
.Al
lappl
i
c
at
i
onsf
orr
e
gi
s
t
r
at
i
ons
hal
lbef
i
nal
l
ydi
s
pos
e
dofbyt
heAut
hor
i
t
y
wi
t
hi
nape
r
i
odofs
i
x
t
y(
60)day
sf
r
om t
hef
i
l
i
ngt
he
r
e
of
,ot
he
r
wi
s
et
heappl
i
c
at
i
oni
sde
e
me
d
appr
ov
e
d,unl
e
s
st
hec
aus
eoft
hede
l
ayi
sat
t
r
i
but
abl
et
ot
heappl
i
c
ant
:Pr
ov
i
ded,Thati
nc
as
e
ofade
ni
aloft
heappl
i
c
at
i
onf
orr
e
gi
s
t
r
at
i
on,anappe
als
hal
ll
i
ewi
t
ht
heOf
f
i
c
eoft
he
Pr
e
s
i
de
ntwi
t
hi
nni
ne
t
y(
90)day
sf
r
om r
e
c
e
i
ptofnot
i
c
eofs
uc
hde
ni
al
:Pr
ov
i
ded,f
ur
t
her
,
Thatf
ai
l
ur
eoft
heOf
f
i
c
eoft
hePr
e
s
i
de
ntt
oac
tont
heappe
alwi
t
hi
nni
ne
t
y(
90)day
sf
r
om
t
hef
i
l
i
ngt
he
r
e
ofs
hal
lme
anappr
ov
alofs
ai
dappl
i
c
at
i
on.
"ART.17.Ce
r
t
i
f
i
c
at
eofRegi
s
t
r
at
i
on.–Ac
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
oni
s
s
ue
dbyt
heAut
hor
i
t
y
unde
ri
t
sof
f
i
c
i
als
e
als
hal
lbec
onc
l
us
i
v
ee
v
i
de
nc
et
hatt
hec
oope
r
at
i
v
et
he
r
e
i
nme
nt
i
one
di
s
dul
yr
e
gi
s
t
e
r
e
dunl
e
s
si
ti
spr
ov
e
dt
hatt
her
e
gi
s
t
r
at
i
ont
he
r
e
ofhasbe
e
nc
anc
e
l
l
e
d.
"ART.18.Ame
ndmentofAr
t
i
c
l
esofCooper
at
i
onandBy
l
aws
.–Unl
e
s
sot
he
r
wi
s
epr
e
s
c
r
i
be
d
byt
hi
sCodeandf
orl
e
gi
t
i
mat
epur
pos
e
s
,anypr
ov
i
s
i
onormat
t
e
rs
t
at
e
di
nt
hear
t
i
c
l
e
sof
c
oope
r
at
i
onandbyl
awsmaybeame
nde
dbyt
wot
hi
r
ds(
2/
3)v
ot
eofal
lt
heme
mbe
r
swi
t
h
v
ot
i
ngr
i
ght
s
,wi
t
houtpr
e
j
udi
c
et
ot
her
i
ghtoft
hedi
s
s
e
nt
i
ngme
mbe
r
st
oe
x
e
r
c
i
s
et
he
i
rr
i
ght
t
owi
t
hdr
awt
he
i
rme
mbe
r
s
hi
punde
rAr
t
i
c
l
e30.
Bot
ht
heor
i
gi
nalandame
nde
dar
t
i
c
l
e
sand/
orby
l
awss
hal
lc
ont
ai
nal
lpr
ov
i
s
i
onsr
e
qui
r
e
dby
l
awt
obes
e
touti
nt
hear
t
i
c
l
e
sofc
oope
r
at
i
onandbyl
aws
.Ame
ndme
nt
ss
hal
lbei
ndi
c
at
e
dby
unde
r
s
c
or
i
ngorot
he
r
wi
s
eappr
opr
i
at
e
l
yi
ndi
c
at
i
ngt
hec
hangeorc
hange
smadeandac
opyof
t
heame
nde
dar
t
i
c
l
e
sorame
nde
dby
l
awsdul
yc
e
r
t
i
f
i
e
dunde
roat
hbyt
hec
oope
r
at
i
v
e
s
e
c
r
e
t
ar
yandamaj
or
i
t
yoft
hedi
r
e
c
t
or
ss
t
at
i
ngt
hef
ac
tt
hats
ai
dame
ndme
ntor
ame
ndme
nt
st
ot
hear
t
i
c
l
e
sofc
oope
r
at
i
onand/
orby
l
awshav
ebe
e
ndul
yappr
ov
e
dbyt
he
r
e
qui
r
e
dv
ot
eoft
heme
mbe
r
s
.Al
lame
ndme
nt
st
ot
hear
t
i
c
l
eofc
oope
r
at
i
onand/
orby
l
aws
s
hal
lbes
ubmi
t
t
e
dt
ot
heAut
hor
i
t
y
.Theame
ndme
nt
ss
hal
lt
akee
f
f
e
c
tuponi
t
sappr
ov
alby
t
heaut
hor
i
t
yorwi
t
hi
nt
hi
r
t
y(
30)day
sf
r
om t
hedat
eoff
i
l
i
ngt
he
r
e
ofi
fnotac
t
e
duponby
t
heAut
hor
i
t
yf
orac
aus
enotat
t
r
i
but
abl
et
ot
hec
oope
r
at
i
v
e
.
"ART.19.Cont
r
ac
t
sEx
ec
ut
edPr
i
ort
oRegi
s
t
r
at
i
onandEf
f
ec
t
sTher
eof
.–Cont
r
ac
t
se
x
e
c
ut
e
d
be
t
we
e
npr
i
v
at
epe
r
s
onsandc
oope
r
at
i
v
e
spr
i
ort
ot
her
e
gi
s
t
r
at
i
onoft
hec
oope
r
at
i
v
es
hal
l
r
e
mai
nv
al
i
dandbi
ndi
ngbe
t
we
e
nt
hepar
t
i
e
sanduponr
e
gi
s
t
r
at
i
onoft
hec
oope
r
at
i
v
e
.A
f
or
malwr
i
t
t
e
nc
ont
r
ac
ts
hal
lbeadopt
e
dandmadei
nt
hec
oope
r
at
i
v
e
’
snameoroni
t
sbe
hal
f
pr
i
ort
oi
t
sr
e
gi
s
t
r
at
i
on.
"ART.20.Di
v
i
s
i
onofCooper
at
i
v
es
.–Anyr
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
emay
,byar
e
s
ol
ut
i
on
appr
ov
e
dbyav
ot
eoft
hr
e
e
f
our
t
hs(
3/
4)ofal
lt
heme
mbe
r
swi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntand
c
ons
t
i
t
ut
i
ngaquor
um,r
e
s
ol
v
et
odi
v
i
dei
t
s
e
l
fi
nt
ot
het
wo(
2)ormor
ec
oope
r
at
i
v
e
s
.The
pr
oc
e
dur
ef
ors
uc
hdi
v
i
s
i
ons
hal
lbepr
e
s
c
r
i
be
di
nt
her
e
gul
at
i
onsoft
heAut
hor
i
t
y
:Pr
ov
i
ded,
Thatal
lt
her
e
qui
r
e
me
nt
ss
e
tf
or
t
hi
nt
hi
sCodehav
ebe
e
nc
ompl
i
e
dwi
t
hbyt
hene
w
c
oope
r
at
i
v
e
s
:Pr
ov
i
ded,f
ur
t
her
,Thatnodi
v
i
s
i
onofac
oope
r
at
i
v
ei
nf
r
audofc
r
e
di
t
or
ss
hal
lbe
v
al
i
d.
"ART.21.Me
r
gerandCons
ol
i
dat
i
onofCooper
at
i
v
es
.–(
1)Two(
2)ormor
ec
oope
r
at
i
v
e
smay
me
r
gei
nt
oas
i
ngl
ec
oope
r
at
i
v
ewhi
c
hs
hal
le
i
t
he
rbeoneoft
hec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
sor
t
hec
ons
ol
i
dat
e
dc
oope
r
at
i
v
e
.
"(
2)Nome
r
ge
rorc
ons
ol
i
dat
i
ons
hal
lbev
al
i
dunl
e
s
sappr
ov
e
dbyat
hr
e
e
f
our
t
hs(
3/
4)v
ot
e
ofal
lt
heme
mbe
r
swi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um ofe
ac
hoft
he
c
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
sats
e
par
at
ege
ne
r
alas
s
e
mbl
yme
e
t
i
ngs
.Thedi
s
s
e
nt
i
ngme
mbe
r
s
s
hal
lhav
et
her
i
ghtt
oe
x
e
r
c
i
s
et
he
i
rr
i
ghtt
owi
t
hdr
awt
he
i
rme
mbe
r
s
hi
ppur
s
uantt
oAr
t
i
c
l
e
30.
"(
3)TheAut
hor
i
t
ys
hal
li
s
s
uet
hegui
de
l
i
ne
sgov
e
r
ni
ngt
hepr
oc
e
dur
eofme
r
ge
ror
c
ons
ol
i
dat
i
onofc
oope
r
at
i
v
e
s
.I
nanyc
as
e
,t
heme
r
ge
rorc
ons
ol
i
dat
i
onofc
oope
r
at
i
v
e
s
.I
nany
c
as
e
,t
heme
r
ge
rorc
ons
ol
i
dat
i
ons
hal
lbee
f
f
e
c
t
i
v
eupont
hei
s
s
uanc
eoft
hec
e
r
t
i
f
i
c
at
eof
me
r
ge
rorc
ons
ol
i
dat
i
onbyt
heAut
hor
i
t
y
.
"ART.22.Ef
f
ec
t
sofMer
gerandCons
ol
i
dat
i
on.–Themer
ge
rorc
ons
ol
i
dat
i
onofc
oope
r
at
i
v
e
s
s
hal
lhav
et
hef
ol
l
owi
nge
f
f
e
c
t
s
:
"(
1)Thec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
ss
hal
lbe
c
omeas
i
ngl
ec
oope
r
at
i
v
ewhi
c
h,i
nc
as
eof
me
r
ge
r
,s
hal
lbet
hes
ur
v
i
v
i
ngc
oope
r
at
i
v
e
,and,i
nc
as
eofc
ons
ol
i
dat
i
on,s
hal
lbet
he
c
ons
ol
i
dat
e
dc
oope
r
at
i
v
e
;
"(
2)Thes
e
par
at
ee
x
i
s
t
e
nc
eoft
hec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
ss
hal
lc
e
as
e
,e
x
c
e
ptt
hatof
t
hes
ur
v
i
v
i
ngort
hec
ons
ol
i
dat
e
dc
oope
r
at
i
v
e
;
"(
3)Thes
ur
v
i
v
i
ngort
hec
ons
ol
i
dat
e
dc
oope
r
at
i
v
es
hal
lpos
s
e
s
salt
heas
s
e
t
s
,r
i
ght
s
,
pr
i
v
i
l
e
ge
s
,i
mmuni
t
i
e
sandf
r
anc
hi
s
e
sofe
ac
hoft
hec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
s
;
"(
4)Thes
ur
v
i
v
i
ngort
hec
ons
ol
i
dat
e
dc
oope
r
at
i
v
es
hal
lpos
s
e
s
sal
lt
heas
s
e
t
s
,r
i
ght
s
,
pr
i
v
i
l
e
ge
s
,i
mmuni
t
i
e
sandf
r
anc
hi
s
e
sofe
ac
hoft
hec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
s
;and
"(
5)Thes
ur
v
i
v
i
ngort
hec
ons
ol
i
dat
e
dc
oope
r
at
i
v
es
hal
lber
e
s
pons
i
bl
ef
oral
lt
he
l
i
abi
l
i
t
i
e
sandobl
i
gat
i
onofe
ac
hoft
hec
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
si
nt
hes
amemanne
r
asi
fs
uc
hs
ur
v
i
v
i
ngorc
ons
ol
i
dat
e
dc
oope
r
at
i
v
ehadi
t
s
e
l
fi
nc
ur
r
e
ds
uc
hl
i
abi
l
i
t
i
e
sor
obl
i
gat
i
ons
.Anyc
l
ai
m,ac
t
i
onorpr
oc
e
e
di
ngpe
ndi
ngbyoragai
ns
tanys
uc
h
c
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
smaybepr
os
e
c
ut
e
dbyoragai
ns
tt
hes
ur
v
i
v
i
ngor
c
ons
ol
i
dat
e
dc
oope
r
at
i
v
e
,ast
hec
as
emaybe
.Ne
i
t
he
rt
her
i
ght
sofc
r
e
di
t
or
snorany
l
i
e
nupont
hepr
ope
r
t
yofanys
uc
hc
ons
t
i
t
ue
ntc
oope
r
at
i
v
e
ss
hal
lbei
mpai
r
e
dbys
uc
h
me
r
ge
rorc
ons
ol
i
dat
i
on.
"ART.23.Ty
peandCat
egor
i
esofCooper
at
i
v
es
.–(
1)Ty
pe
sofCoope
r
at
i
v
e
s–Coope
r
at
i
v
e
s
mayf
al
lunde
ranyoft
hef
ol
l
owi
ngt
y
pe
s
:
"(
a)Cr
edi
tCooper
at
i
v
ei
sonet
hatpr
omot
e
sandunde
r
t
ake
ss
av
i
ngsandl
e
ndi
ng
s
e
r
v
i
c
e
samongi
t
sme
mbe
r
s
.I
tge
ne
r
at
e
sac
ommonpooloff
undsi
nor
de
rt
opr
ov
i
de
f
i
nanc
i
alas
s
i
s
t
anc
et
oi
t
sme
mbe
r
sf
orpr
oduc
t
i
v
eandpr
ov
i
de
ntpur
pos
e
s
;
"(
b)Cons
umer
sCooper
at
i
v
ei
soneoft
hepr
i
mar
ypur
pos
eofwhi
c
hi
st
opr
oc
ur
eand
di
s
t
r
i
but
ec
ommodi
t
i
e
st
ome
mbe
r
sandnonme
mbe
r
s
;
"(
c
)Pr
oduc
er
sCooper
at
i
v
ei
sonet
hatunde
r
t
ake
sj
oi
ntpr
oduc
t
i
onwhe
t
he
r
agr
i
c
ul
t
ur
alori
ndus
t
r
i
al
.I
ti
sf
or
me
dandope
r
at
e
dbyi
t
sme
mbe
r
st
ounde
r
t
aket
he
pr
oduc
t
i
onandpr
oc
e
s
s
i
ngofr
awmat
e
r
i
al
sorgoodspr
oduc
e
dbyi
t
sme
mbe
r
si
nt
o
f
i
ni
s
he
dorpr
oc
e
s
s
e
dpr
oduc
t
sf
ors
al
ebyt
hec
oope
r
at
i
v
et
oi
t
sme
mbe
r
sandnonme
mbe
r
s
.Anye
ndpr
oduc
tori
t
sde
r
i
v
at
i
v
ear
i
s
i
ngf
r
om t
her
awmat
e
r
i
al
spr
oduc
e
d
byi
t
sme
mbe
r
s
,s
ol
di
nt
henameandf
ort
heac
c
ountoft
hec
oope
r
at
i
v
e
,s
hal
lbe
de
e
me
dapr
oduc
toft
hec
oope
r
at
i
v
eandi
t
sme
mbe
r
s
;
"(
d)Mar
ket
i
ngCooper
at
i
v
ei
sonewhi
c
he
ngage
si
nt
hes
uppl
yofpr
oduc
t
i
oni
nput
s
t
ome
mbe
r
sandmar
ke
t
st
he
i
rpr
oduc
t
s
;
"(
e
)Se
r
v
i
c
eCooper
at
i
v
ei
sonewhi
c
he
ngage
si
nme
di
c
alandde
nt
alc
ar
e
,
hos
pi
t
al
i
z
at
i
on,t
r
ans
por
t
at
i
on,i
ns
ur
anc
e
,hous
i
ng,l
abor
,e
l
e
c
t
r
i
cl
i
ghtandpowe
r
,
c
ommuni
c
at
i
on,pr
of
e
s
s
i
onalandot
he
rs
e
r
v
i
c
e
s
;
"(
f
)Mul
t
i
pur
pos
eCooper
at
i
v
ei
sonewhi
c
hc
ombi
ne
st
wo(
2)ormor
eoft
hebus
i
ne
s
s
ac
t
i
v
i
t
i
e
soft
he
s
edi
f
f
e
r
e
ntt
y
pe
sofc
oope
r
at
i
v
e
s
;
"(
g)Adv
oc
ac
yCooper
at
i
v
ei
sapr
i
mar
yc
oope
r
at
i
v
ewhi
c
hpr
omot
e
sandadv
oc
at
e
s
c
oope
r
at
i
v
i
s
m amongi
t
sme
mbe
r
sandt
hepubl
i
ct
hr
oughs
oc
i
al
l
y
or
i
e
nt
e
dpr
oj
e
c
t
s
,
e
duc
at
i
onandt
r
ai
ni
ng,r
e
s
e
ar
c
handc
ommuni
c
at
i
on,andot
he
rs
i
mi
l
arac
t
i
v
i
t
i
e
st
o
r
e
ac
houtt
oi
t
si
nt
e
nde
dbe
ne
f
i
c
i
ar
i
e
s
;
"(
h)Agr
ar
i
anRef
or
m Cooper
at
i
v
ei
soneor
gani
z
e
dbymar
gi
nalf
ar
me
r
smaj
or
i
t
yof
whi
c
har
eagr
ar
i
anr
e
f
or
m be
ne
f
i
c
i
ar
i
e
sf
ort
hepur
pos
eofde
v
e
l
opi
nganappr
opr
i
at
e
s
y
s
t
e
m ofl
andt
e
nur
e
,l
andde
v
e
l
opme
nt
,l
andc
ons
ol
i
dat
i
onorl
andmanage
me
nti
n
ar
e
asc
ov
e
r
e
dbyagr
ar
i
anr
e
f
or
m;
"(
i
)Coope
r
at
i
v
eBanki
soneor
gani
z
e
df
ort
hepr
i
mar
ypur
pos
eofpr
ov
i
di
ngawi
de
r
angeoff
i
nanc
i
als
e
r
v
i
c
e
st
oc
oope
r
at
i
v
e
sandt
he
i
rme
mbe
r
s
;
"(
j
)Dai
r
yCooper
at
i
v
ei
sonewhos
eme
mbe
r
sar
ee
ngage
di
nt
hepr
oduc
t
i
onoff
r
e
s
h
mi
l
kwhi
c
hmaybepr
oc
e
s
s
e
dand/
ormar
ke
t
e
dasdai
r
ypr
oduc
t
s
;
"(
k)Educ
at
i
onCooper
at
i
v
ei
soneor
gani
z
e
df
ort
hepr
i
mar
ypur
pos
eofowni
ngand
ope
r
at
i
ngl
i
c
e
ns
e
de
duc
at
i
onali
ns
t
i
t
ut
i
onsnot
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsof
Re
publ
i
cAc
tNo.9155,ot
he
r
wi
s
eknownast
heGov
e
r
nanc
eofBas
i
cEduc
at
i
onAc
tof
2001;
"(
l
)El
ec
t
r
i
cCooper
at
i
v
ei
soneor
gani
z
e
df
ort
hepr
i
mar
ypur
pos
e
dofunde
r
t
aki
ng
powe
rge
ne
r
at
i
ons
,ut
i
l
i
z
i
ngr
e
ne
wabl
ee
ne
r
gys
our
c
e
s
,i
nc
l
udi
nghy
br
i
ds
y
s
t
e
ms
,
ac
qui
s
i
t
i
onandope
r
at
i
onofs
ubt
r
ans
mi
s
s
i
onordi
s
t
r
i
but
i
ont
oi
t
shous
e
hol
d
me
mbe
r
s
;
"(
m)F
i
nanc
i
alSer
v
i
c
eCooper
at
i
v
ei
soneor
gani
z
e
df
ort
hepr
i
mar
ypur
pos
eof
e
ngagi
ngi
ns
av
i
ngsandc
r
e
di
ts
e
r
v
i
c
e
sandot
he
rf
i
nanc
i
als
e
r
v
i
c
e
s
;
"(
n)F
i
s
her
menCooper
at
i
v
ei
soneor
gani
z
e
dbymar
gi
nal
i
z
e
df
i
s
he
r
me
ni
nl
oc
al
i
t
i
e
s
whos
epr
oduc
t
sar
emar
ke
t
e
de
i
t
he
rasf
r
e
s
horpr
oc
e
s
s
e
dpr
oduc
t
s
;
"(
o)He
al
t
hSer
v
i
c
esCooper
at
i
v
ei
soneor
gani
z
e
df
ort
hepr
i
mar
ypur
pos
eof
pr
ov
i
di
ngme
di
c
al
,de
nt
alandot
he
rhe
al
t
hs
e
r
v
i
c
e
s
;
"(
p)Hous
i
ngCooper
at
i
v
ei
soneor
gani
z
e
dt
oas
s
i
s
torpr
ov
i
deac
c
e
s
st
ohous
i
ngf
or
t
hebe
ne
f
i
tofi
t
sr
e
gul
arme
mbe
r
swhoac
t
i
v
e
l
ypar
t
i
c
i
pat
ei
nt
hes
av
i
ngspr
ogr
am f
or
hous
i
ng.I
ti
sc
oowne
dandc
ont
r
ol
l
e
dbyi
t
sme
mbe
r
s
;
"(
q)I
ns
ur
anc
eCooper
at
i
v
ei
sonee
ngage
di
nt
hebus
i
ne
s
sofi
ns
ur
i
ngl
i
f
eandpov
e
r
t
y
ofc
oope
r
at
i
v
e
sandt
he
i
rme
mbe
r
s
;
"(
r
)Tr
ans
por
tCooper
at
i
v
ei
sonewhi
c
hi
nc
l
ude
sl
andands
e
at
r
ans
por
t
at
i
on,l
i
mi
t
e
d
t
os
mal
lv
e
s
s
e
l
s
,asde
f
i
ne
dorc
l
as
s
i
f
i
e
dunde
rt
hePhi
l
i
ppi
nemar
i
t
i
mel
aws
,or
gani
z
e
d
unde
rt
hepr
ov
i
s
i
onsoft
hi
sCode
;
"(
s
)Wat
erSer
v
i
c
eCooper
at
i
v
ei
soneor
gani
z
e
dt
oown,ope
r
at
eandmanagewat
e
r
s
s
y
s
t
e
msf
ort
hepr
ov
i
s
i
onanddi
s
t
r
i
but
i
onofpot
abl
ewat
e
rf
ori
t
sme
mbe
r
sandt
he
i
r
hous
e
hol
ds
;
"(
t
)Wor
ker
sCooper
at
i
v
ei
soneor
gani
z
e
dbywor
ke
r
s
,i
nc
l
udi
ngt
hes
e
l
f
e
mpl
oy
e
d,
whoar
eats
amet
i
met
heme
mbe
r
sandowne
r
soft
hee
nt
e
r
pr
i
s
e
.I
t
spr
i
nc
i
pal
pur
pos
ei
st
opr
ov
i
dee
mpl
oy
me
ntandbus
i
ne
s
soppor
t
uni
t
i
e
st
oi
t
sme
mbe
r
sand
managei
ti
nac
c
or
danc
ewi
t
hc
oope
r
at
i
v
epr
i
nc
i
pl
e
s
;and
"(
u)Ot
he
rt
y
pe
sofc
oope
r
at
i
v
easmaybede
t
e
r
mi
ne
dbyt
heAut
hor
i
t
y
.
"(
2)Cat
egor
i
esofCooper
at
i
v
e–Cooper
at
i
v
e
ss
hal
lbec
at
e
gor
i
z
e
dac
c
or
di
ngt
ome
mbe
r
s
hi
p
andt
e
r
r
i
t
or
i
alc
ons
i
de
r
at
i
onsasf
ol
l
ows
:
"(
a)I
nt
e
r
msofme
mbe
r
s
hi
p,c
oope
r
at
i
v
es
hal
lbec
at
e
gor
i
z
e
di
nt
o:
"(
i
)Pr
i
mar
y–Themember
sofwhi
c
har
enat
ur
alpe
r
s
ons
;
"(
i
i
)Se
c
ondar
y–Themember
sofwhi
c
har
epr
i
mar
i
e
s
;and
"(
i
i
i
)Te
r
t
i
ar
y–Themember
sofwhi
c
har
es
e
c
ondar
yc
oope
r
at
i
v
e
s
;and
"(
b)I
nt
e
r
msoft
e
r
r
i
t
or
y
,c
oope
r
at
i
v
e
ss
hal
lbec
at
e
gor
i
z
e
dac
c
or
di
ngt
oar
e
asof
ope
r
at
i
onswhi
c
hmayormaynotc
oi
nc
i
dewi
t
ht
hepol
i
t
i
c
als
ubdi
v
i
s
i
onsoft
he
c
ount
r
y
.
"ART.24.F
unc
t
i
onsofaFeder
at
i
onofCooper
at
i
v
es
.–Af
e
de
r
at
i
onofc
oope
r
at
i
v
e
ss
hal
l
unde
r
t
aket
hef
ol
l
owi
ngf
unc
t
i
ons
:
"(
a)Toc
ar
r
yonanyc
oope
r
at
i
v
ee
nt
e
r
pr
i
s
eaut
hor
i
z
e
dunde
rAr
t
i
c
l
e6t
hat
c
ompl
e
me
nt
saugme
nt
s
,ors
uppl
e
me
nt
sbutdoe
snotc
onf
l
i
c
t
,c
ompl
e
t
ewi
t
h,nor
s
uppl
antt
hebus
i
ne
s
sore
c
onomi
cac
t
i
v
i
t
i
e
sofi
t
sme
mbe
r
s
;
"(
b)Toc
ar
r
yon,e
nc
our
age
,andas
s
i
s
te
duc
at
i
onalandadv
i
s
or
ywor
kr
e
l
at
i
ngt
oi
t
s
me
mbe
rc
oope
r
at
i
v
e
s
;
"(
c
)Tor
e
nde
rs
e
r
v
i
c
e
sde
s
i
gne
dt
oe
nc
our
ages
i
mpl
i
c
i
t
y
,e
f
f
i
c
i
e
nc
y
,ande
c
onomyi
n
t
hec
onduc
toft
hebus
i
ne
s
sofi
t
sme
mbe
rc
oope
r
at
i
v
e
sandt
of
ac
i
l
i
t
at
et
he
i
mpl
e
me
nt
at
i
onoft
he
i
rbookke
e
pi
ng,ac
c
ount
i
ng,andot
he
rs
y
s
t
e
msandpr
oc
e
dur
e
s
;
"(
d)Topr
i
nt
,publ
i
s
h,andc
i
r
c
ul
at
eanyne
ws
pape
rorot
he
rpubl
i
c
at
i
oni
nt
he
i
nt
e
r
e
s
tofi
t
sme
mbe
rc
oope
r
at
i
v
e
sande
nt
e
r
pr
i
s
e
s
;
"(
e
)Toc
oor
di
nat
eandf
ac
i
l
i
t
at
et
heac
t
i
v
i
t
i
e
sofi
t
sme
mbe
rc
oope
r
at
i
v
e
s
;
"(
f
)Toe
nt
e
ri
nt
oj
oi
ntv
e
nt
ur
e
swi
t
hnat
i
onalori
nt
e
r
nat
i
onalc
oope
r
at
i
v
e
sofot
he
r
c
ount
r
i
e
si
nt
hemanuf
ac
t
ur
eands
al
eofpr
oduc
t
sand/
ors
e
r
v
i
c
e
si
nt
hePhi
l
i
ppi
ne
s
andabr
oad;and
"(
g)Tope
r
f
or
ms
uc
hot
he
rf
unc
t
i
onsasmaybene
c
e
s
s
ar
yt
oat
t
ai
ni
t
sobj
e
c
t
i
v
e
s
.
"Af
e
de
r
at
i
onofc
oope
r
at
i
v
e
smayber
e
gi
s
t
e
r
e
dbyc
ar
r
y
i
ngoutt
hef
or
mal
i
t
i
e
sf
or
r
e
gi
s
t
r
at
i
onofac
oope
r
at
i
v
e
.
"Re
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
smayor
gani
z
eaf
e
de
r
at
i
onac
c
or
di
ngt
ot
het
y
peofbus
i
ne
s
sac
t
i
v
i
t
y
e
ngage
di
nbyt
hec
oope
r
at
i
v
e
s
.
"ART.25.Coope
r
at
i
v
eUni
ons
.–Re
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
sandf
e
de
r
at
i
onsatt
heappr
opr
i
at
e
l
e
v
e
l
smayor
gani
z
eorj
oi
nc
oope
r
at
i
v
euni
onst
or
e
pr
e
s
e
ntt
hei
nt
e
r
e
s
tandwe
l
f
ar
eofal
l
t
y
pe
sofc
oope
r
at
i
v
e
satt
hepr
ov
i
nc
i
al
,c
i
t
y
,r
e
gi
onal
,andnat
i
onall
e
v
e
l
s
.Coope
r
at
i
v
euni
ons
mayhav
et
hef
ol
l
owi
ngpur
pos
e
s
:
"(
a)Tor
e
pr
e
s
e
nti
t
sme
mbe
ror
gani
z
at
i
ons
;
"(
b)Toac
qui
r
e
,anal
y
z
e
,anddi
s
s
e
mi
nat
e
,e
c
onomi
c
,s
t
at
i
s
t
i
c
al
,andot
he
r
i
nf
or
mat
i
onr
e
l
at
i
ngt
oi
t
sme
mbe
r
sandt
oal
lt
y
pe
sofc
oope
r
at
i
v
e
swi
t
hi
ni
t
sar
e
aof
ope
r
at
i
on;
"(
c
)Tos
pons
ors
t
udi
e
si
nt
hee
c
onomi
c
,l
e
gal
,f
i
nanc
i
al
,s
oc
i
alandot
he
rphas
e
sof
c
oope
r
at
i
on,andpubl
i
s
ht
her
e
s
ul
t
st
he
r
e
of
;
"(
d)Topr
omot
et
heknowl
e
dgeofc
oope
r
at
i
v
epr
i
nc
i
pl
e
sandpr
ac
t
i
c
e
s
;
"(
e
)Tode
v
e
l
opt
hec
oope
r
at
i
v
emov
e
me
nti
nt
he
i
rr
e
s
pe
c
t
i
v
ej
ur
i
s
di
c
t
i
ons
;
"(
f
)Toadv
i
s
et
heappr
opr
i
at
eaut
hor
i
t
i
e
sonal
lque
s
t
i
onsr
e
l
at
i
ngt
oc
oope
r
at
i
v
e
s
;
"(
g)Tor
ai
s
ef
undst
hr
oughme
mbe
r
s
hi
pf
e
e
s
,due
sandc
ont
r
i
but
i
ons
,donat
i
ons
,and
s
ubs
i
di
e
sf
r
om l
oc
alandf
or
e
i
gns
our
c
e
swhe
t
he
rpr
i
v
at
eorgov
e
r
nme
nt
;and
"(
h)Todoandpe
r
f
or
ms
uc
hot
he
rnonbus
i
ne
s
sac
t
i
v
i
t
i
e
sasmaybene
c
e
s
s
ar
yt
o
at
t
ai
nt
hef
or
e
goi
ngobj
e
c
t
i
v
e
s
.
"Coope
r
at
i
v
euni
onsmayas
s
i
s
tt
henat
i
onalandl
oc
algov
e
r
nme
nt
si
nt
hel
at
t
e
r
’
s
de
v
e
l
opme
ntac
t
i
v
i
t
i
e
si
nt
he
i
rr
e
s
pe
c
t
i
v
ej
ur
i
s
di
c
t
i
ons
.
"
SEC.3.Ar
t
i
c
l
e
s26,27,28,29,30,31and32ofChapt
e
rI
I
IonMe
mbe
r
s
hi
poft
hes
ameCodear
e
he
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERI
I
I
MEMBERSHI
P
"ART.26.Ki
ndsofMember
s
hi
p.–Ac
oope
r
at
i
v
emayhav
et
wo(
2)ki
ndsofme
mbe
r
s
,t
owi
t
:
(
1)r
e
gul
arme
mbe
r
sand(
2)as
s
oc
i
at
eme
mbe
r
s
.
"Ar
e
gul
arme
mbe
ri
sonewhohasc
ompl
i
e
dwi
t
hal
lt
heme
mbe
r
s
hi
pr
e
qui
r
e
me
nt
sand
e
nt
i
t
l
e
dt
oal
lt
her
i
ght
sandpr
i
v
i
l
e
ge
sofme
mbe
r
s
hi
p.Anas
s
oc
i
at
eme
mbe
ri
sonewhohas
nor
i
ghtt
ov
ot
enorbev
ot
e
duponands
hal
lbee
nt
i
t
l
e
donl
yt
os
uc
hr
i
ght
sandpr
i
v
i
l
e
ge
sas
t
heby
l
awsmaypr
ov
i
de
:Pr
ov
i
ded,Thatanas
s
oc
i
at
ewhome
e
t
st
hemi
ni
mum r
e
qui
r
e
me
nt
s
ofr
e
gul
arme
mbe
r
s
hi
p,c
ont
i
nue
st
opat
r
oni
z
et
hec
oope
r
at
i
v
ef
ort
wo(
2)y
e
ar
s
,ands
i
gni
f
i
e
s
hi
s
/
he
ri
nt
e
nt
i
ont
or
e
mai
name
mbe
rs
hal
lbec
ons
i
de
r
e
dar
e
gul
arme
mbe
r
.
"Ac
oope
r
at
i
v
eor
gani
z
e
dbymi
nor
ss
hal
lbec
ons
i
de
r
e
dal
abor
at
or
yc
oope
r
at
i
v
eandmus
tbe
af
f
i
l
i
at
e
dwi
t
har
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
.Al
abor
at
or
yc
oope
r
at
i
v
es
hal
lbegov
e
r
ne
dbys
pe
c
i
al
gui
de
l
i
ne
st
obepr
omul
gat
e
dbyt
heAut
hor
i
t
y
.
"ART.27.Gov
er
nmentOf
f
i
c
er
sandEmpl
oy
ees
.–(
1)Anyof
f
i
c
e
rore
mpl
oy
e
eoft
heAut
hor
i
t
y
s
hal
lbedi
s
qual
i
f
i
e
dt
obee
l
e
c
t
e
dorappoi
nt
e
dt
oanypos
i
t
i
oni
nac
oope
r
at
i
v
e
:Pr
ov
i
ded,
Thatt
hedi
s
qual
i
f
i
c
at
i
ondoe
snote
x
t
e
ndt
oac
oope
r
at
i
v
eor
gani
z
e
dbyt
heof
f
i
c
e
r
sor
e
mpl
oy
e
e
soft
heAut
hor
i
t
y
.
"(
2)Al
le
l
e
c
t
i
v
eof
f
i
c
i
al
soft
heGov
e
r
nme
nts
hal
lbei
ne
l
i
gi
bl
et
obe
c
omeof
f
i
c
e
r
sand
di
r
e
c
t
or
sofc
oope
r
at
i
v
e
s
:Pr
ov
i
ded,Thatt
hedi
s
qual
i
f
i
c
at
i
ondoe
snote
x
t
e
ndt
oapar
t
yl
i
s
t
r
e
pr
e
s
e
nt
at
i
v
ebe
i
nganof
f
i
c
e
rofac
oope
r
at
i
v
eheors
her
e
pr
e
s
e
nt
s
;and
"(
3)Anygov
e
r
nme
nte
mpl
oy
e
eorof
f
i
c
i
almay
,i
nt
hedi
s
c
har
geofi
sdut
i
e
sasame
mbe
ri
n
t
hec
oope
r
at
i
v
e
,beal
l
owe
dbyt
hee
ndofof
f
i
c
ec
onc
e
r
ne
dt
ous
eof
f
i
c
i
alt
i
mef
orat
t
e
ndanc
e
att
hege
ne
r
alas
s
e
mbl
y
,boar
dandc
ommi
t
t
e
eme
e
t
i
ngsofc
oope
r
at
i
v
e
saswe
l
lasc
oope
r
at
i
v
e
s
e
mi
nar
s
,c
onf
e
r
e
nc
e
s
,wor
ks
hops
,t
e
c
hni
c
alme
e
t
i
ngs
,andt
r
ai
ni
ngc
our
s
e
sl
oc
al
l
yorabr
oad:
Pr
ov
i
de
d,Thatt
heope
r
at
i
onsoft
heof
f
i
c
ec
onc
e
r
ne
dar
enotadv
e
r
s
e
l
yaf
f
e
c
t
e
d.
"ART.28.Appl
i
c
at
i
on.–Anappl
i
c
antf
orme
mbe
r
s
hi
ps
hal
lbede
e
me
dame
mbe
raf
t
e
r
appr
ov
alofhi
sme
mbe
r
s
hi
pbyt
heboar
dofdi
r
e
c
t
or
sands
hal
le
x
e
r
c
i
s
et
her
i
ght
sofme
mbe
r
af
t
e
rhav
i
ngmades
uc
hpay
me
nt
st
ot
hec
oope
r
at
i
v
ei
nr
e
s
pe
c
tt
ome
mbe
r
s
hi
porac
qui
r
e
d
i
nt
e
r
e
s
ti
nt
hec
oope
r
at
i
v
easmaybepr
e
s
c
r
i
be
di
nt
heby
l
aws
.I
nc
as
eme
mbe
r
s
hi
pi
sr
e
f
us
e
d
orde
ni
e
dbyt
heboar
dofdi
r
e
c
t
or
s
,anappe
almaybemadet
ot
hege
ne
r
alas
s
e
mbl
yandt
he
l
at
t
e
r
’
sde
c
i
s
i
ons
hal
lbef
i
nal
.F
ort
hi
spur
pos
e
,t
hege
ne
r
alas
s
e
mbl
ymayoptt
oc
r
e
at
ean
appe
alandgr
i
e
v
anc
ec
ommi
t
t
e
e
,t
heme
mbe
r
sofwhi
c
hs
hal
ls
e
r
v
ef
orape
r
i
odofone(
1)
y
e
arands
hal
lde
c
i
deappe
al
sonme
mbe
r
s
hi
pappl
i
c
at
i
onwi
t
hi
nt
hi
r
t
y(
30)day
suponr
e
c
e
i
pt
t
he
r
e
of
.I
ft
hec
ommi
t
t
e
ef
ai
l
st
ode
c
i
dewi
t
hi
nt
hepr
e
s
c
r
i
be
dpe
r
i
od,t
heappe
ali
sde
e
me
d
appr
ov
e
di
nf
av
oroft
heappl
i
c
ant
.
"ART.29.L
i
abi
l
i
t
yofMember
s
.–Ame
mbe
rs
hal
lbel
i
abl
ef
ort
hede
bt
soft
hec
oope
r
at
i
v
et
o
t
hee
x
t
e
ntofhi
sc
ont
r
i
but
i
ont
ot
hes
har
ec
api
t
aloft
hec
oope
r
at
i
v
e
.
"ART.30.Te
r
mi
nat
i
onofMember
s
hi
p.–(
1)Ame
mbe
rofac
oope
r
at
i
v
emay
,f
oranyv
al
i
d
r
e
as
on,wi
t
hdr
awhi
sme
mbe
r
s
hi
pf
r
om t
hec
oope
r
at
i
v
ebygi
v
i
ngas
i
x
t
y(
60)daynot
i
c
et
o
t
heboar
dofdi
r
e
c
t
or
s
.Subj
e
c
tt
ot
heby
l
awsoft
hec
oope
r
at
i
v
e
,t
hewi
t
hdr
awi
ngme
mbe
r
s
hal
lbee
nt
i
t
l
e
dt
oar
e
f
undofhi
ss
har
ec
api
t
alc
ont
r
i
but
i
onandal
lot
he
ri
nt
e
r
e
s
t
si
nt
he
c
oope
r
at
i
v
e
:Pr
ov
i
ded,Thats
uc
hf
unds
hal
lnotbemadei
fupons
uc
hpay
me
ntt
hev
al
ueof
t
heas
s
e
t
soft
hec
oope
r
at
i
v
ewoul
dbel
e
s
st
hant
heaggr
e
gat
eamountofi
t
sde
bt
sand
l
i
abi
l
i
t
i
e
se
x
c
l
us
i
v
eofhi
ss
har
ec
api
t
alc
ont
r
i
but
i
on.
"(
2)Thede
at
hori
ns
ani
t
yofame
mbe
ri
napr
i
mar
yc
oope
r
at
i
v
e
,andt
hei
ns
ol
v
e
nc
yor
di
s
s
ol
ut
i
onofame
mbe
ri
nas
e
c
ondar
yort
e
r
t
i
ar
yc
oope
r
at
i
v
emaybec
ons
i
de
r
e
dv
al
i
d
gr
oundsf
ort
e
r
mi
nat
i
onofme
mbe
r
s
hi
p:Pr
ov
i
de
d,Thati
nc
as
eofde
at
hori
ns
ani
t
yofan
agr
ar
i
anr
e
f
or
m be
ne
f
i
c
i
ar
y
me
mbe
rofac
oope
r
at
i
v
e
,t
hene
x
t
of
ki
nmayas
s
umet
hedut
i
e
s
andr
e
s
pons
i
bi
l
i
t
i
e
soft
heor
i
gi
nalme
mbe
r
"(
3)Me
mbe
r
s
hi
pi
nt
hec
oope
r
at
i
v
emaybet
e
r
mi
nat
e
dbyav
ot
eoft
hemaj
or
i
t
yofal
lt
he
me
mbe
r
soft
heboar
dofdi
r
e
c
t
or
sf
oranyoft
hef
ol
l
owi
ngc
aus
e
s
:
"(
a)Whe
name
mbe
rhasnotpat
r
oni
z
e
danyoft
hes
e
r
v
i
c
e
soft
hec
oope
r
at
i
v
ef
oran
unr
e
as
onabl
epe
r
i
odoft
i
measmaybepr
e
v
i
ous
l
yde
t
e
r
mi
ne
dbyt
heboar
dof
di
r
e
c
t
or
s
;
"(
b)Whe
name
mbe
rhasc
ont
i
nuous
l
yf
ai
l
e
dt
oc
ompl
ywi
t
hhi
sobl
i
gat
i
ons
;
"(
c
)Whe
name
mbe
rhasac
t
e
di
nv
i
ol
at
i
onoft
heby
l
awsandt
her
ul
e
soft
he
c
oope
r
at
i
v
e
;and
"(
d)F
oranyac
toromi
s
s
i
oni
nj
ur
i
ousorpr
e
j
udi
c
i
alt
ot
hei
nt
e
r
e
s
tort
hewe
l
f
ar
eof
t
hec
oope
r
at
i
v
e
.
"Ame
mbe
rwhos
eme
mbe
r
s
hi
pt
heboar
dofdi
r
e
c
t
or
smaywi
s
ht
ot
e
r
mi
nat
es
hal
lbe
i
nf
or
me
dofs
uc
hi
nt
e
nde
dac
t
i
oni
nwr
i
t
i
ngands
hal
lbegi
v
e
nanoppor
t
uni
t
yt
obehe
ar
d
be
f
or
et
hes
ai
dboar
dmake
si
t
sde
c
i
s
i
on.Thede
c
i
s
i
onoft
heboar
ds
hal
lbei
nwr
i
t
i
ngand
s
hal
lbec
ommuni
c
at
e
di
npe
r
s
onorbyr
e
gi
s
t
e
r
e
dmai
lt
os
ai
dme
mbe
rands
hal
lbe
appe
al
abl
ewi
t
hi
nt
hi
r
t
y(
30)day
sf
r
om r
e
c
e
i
ptt
he
r
e
oft
ot
hege
ne
r
alas
s
e
mbl
ywhos
e
de
c
i
s
i
ons
hal
lbef
i
nal
.Thege
ne
r
alas
s
e
mbl
ymayc
r
e
at
eanappe
alandgr
i
e
v
anc
ec
ommi
t
t
e
e
whos
eme
mbe
r
ss
hal
ls
e
r
v
ef
orape
r
i
odofone(
1)y
e
arands
hal
lde
c
i
deappe
al
son
me
mbe
r
s
hi
pt
e
r
mi
nat
i
on.Thec
ommi
t
t
e
ei
sgi
v
e
nt
hi
r
t
y(
30)day
sf
r
om r
e
c
e
i
ptt
he
r
e
oft
o
de
c
i
deont
heappe
al
.F
ai
l
ur
et
ode
c
i
dewi
t
hi
nt
hepr
e
s
c
r
i
be
dpe
r
i
od,t
heappe
ali
sde
e
me
d
appr
ov
e
di
nf
av
oroft
heme
mbe
r
.Pe
ndi
ngade
c
i
s
i
onbyt
hege
ne
r
alas
s
e
mbl
y
,t
he
me
mbe
r
s
hi
pr
e
mai
nsi
nf
or
c
e
.
"ART.31.Re
f
undofI
nt
er
es
t
s
.–Al
ls
umsc
omput
e
di
nac
c
or
danc
ewi
t
ht
heby
l
awst
obedue
f
r
om ac
oope
r
at
i
v
et
oaf
or
me
rme
mbe
rs
hal
lbepai
dt
ohi
me
i
t
he
rbyt
hec
oope
r
at
i
v
eorby
t
heappr
ov
e
dt
r
ans
f
e
r
e
e
,ast
hec
as
emaybe
,i
nac
c
or
danc
ewi
t
ht
hi
sCode
.
"
SEC.4.Ar
t
i
c
l
e
s33,34,35,36,37,38,39,40,42,42,43,44,45,46,47,48,49,50and51ofChapt
e
rI
V
onAdmi
ni
s
t
r
at
i
onoft
hes
ameCodear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERI
V
ADMI
NI
STRATI
ON
"ART.32.Compos
i
t
i
onoft
heGener
alAs
s
embl
y
.–Thege
ne
r
alas
s
e
mbl
ys
hal
lbec
ompos
e
dof
s
uc
hme
mbe
r
swhoar
ee
nt
i
t
l
e
dt
ov
ot
eunde
rt
hear
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awsoft
he
c
oope
r
at
i
v
e
.
"ART.32.Powe
r
soft
heGener
alAs
s
embl
y
.–Thege
ne
r
alas
s
e
mbl
ys
hal
lbec
ompos
e
dofs
uc
h
me
mbe
r
swhoar
ee
nt
i
t
l
e
dt
ov
ot
eunde
rt
hear
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awsoft
he
c
oope
r
at
i
v
e
.
"ART.33.Powe
r
soft
heGener
alAs
s
embl
y
.–Thege
ne
r
alas
s
e
mbl
ys
hal
lbet
hehi
ghe
s
tpol
i
c
y
maki
ngbodyoft
hec
oope
r
at
i
v
eands
hal
le
x
e
r
c
i
s
es
uc
hpowe
r
sasar
es
t
at
e
di
nt
hi
sCode
,i
n
t
hear
t
i
c
l
e
sofc
oope
r
at
i
onandi
nt
heby
l
awsoft
hec
oope
r
at
i
v
e
.Thege
ne
r
alas
s
e
mbl
ys
hal
l
hav
et
hef
ol
l
owi
nge
x
c
l
us
i
v
epowe
r
swhi
c
hc
annotbede
l
e
gat
e
:
"(
1)Tode
t
e
r
mi
neandappr
ov
eame
ndme
nt
st
ot
hear
t
i
c
l
e
sofc
oope
r
at
i
onand
by
l
aws
;
"(
2)Toe
l
e
c
torappoi
ntt
heme
mbe
r
soft
heboar
dofdi
r
e
c
t
or
s
,andt
or
e
mov
et
he
m
f
orc
aus
e
.Howe
v
e
r
,i
nt
hec
as
eoft
hee
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
sCode
,
e
l
e
c
t
i
onoft
heme
mbe
r
soft
heboar
ds
hal
lbehe
l
di
nac
c
or
danc
ewi
t
hi
t
sby
l
awsor
e
l
e
c
t
i
ongui
de
l
i
neofs
uc
he
l
e
c
t
r
i
cc
oope
r
at
i
v
e
;and
"(
3)Toappr
ov
ede
v
e
l
opme
nt
alpl
ansoft
hec
oope
r
at
i
v
e
.
"Subj
e
c
tt
os
uc
hot
he
rpr
ov
i
s
i
onsoft
hi
sCodeandonl
yf
orpur
pos
e
sofpr
omptandi
nt
e
l
l
i
ge
nt
de
c
i
s
i
onmaki
ng,t
hege
ne
r
alas
s
e
mbl
ymaybeat
hr
e
e
f
our
t
hs(
3/
4)v
ot
eofal
li
t
sme
mbe
r
s
wi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um,de
l
e
gat
es
omeofi
t
spowe
r
st
oa
s
mal
l
e
rbodyoft
hec
oope
r
at
i
v
e
.The
s
epowe
r
ss
hal
lbee
nume
r
at
e
dunde
rt
heby
l
awsoft
he
c
oope
r
at
i
v
e
.
"ART.34.Me
et
i
ngs
.–(
1)Ar
e
gul
arme
e
t
i
ngs
hal
lbehe
l
dannual
l
ybyt
hege
ne
r
alas
s
e
mbl
yon
adat
ef
i
x
e
di
nt
heby
l
aws
,ori
fnots
of
i
x
e
d,onanydat
e
dwi
t
hi
nni
ne
t
y(
90)day
saf
t
e
rt
he
c
l
os
eofe
ac
hf
i
s
c
aly
e
ar
:Pr
ov
i
ded,Thatnot
i
c
eofr
e
gul
arme
e
t
i
ngss
hal
lbes
e
nti
nwr
i
t
i
ng,by
pos
t
i
ngorpubl
i
c
at
i
on,ort
hr
oughot
he
re
l
e
c
t
r
oni
cme
anst
oal
lme
mbe
r
sofr
e
c
or
d.
"(
2)Whe
ne
v
e
rne
c
e
s
s
ar
y
,as
pe
c
i
alme
e
t
i
ngoft
hege
ne
r
alas
s
e
mbl
ymaybec
al
l
e
datany
t
i
mebyamaj
or
i
t
yv
ot
eoft
heboar
dofdi
r
e
c
t
or
soraspr
ov
i
de
df
ori
nt
heby
l
aws
:Pr
ov
i
ded,
Thatanot
i
c
ei
nwr
i
t
i
ngs
hal
lbes
e
ntone(
1)we
e
kpr
i
ort
ot
heme
e
t
i
ngt
oal
lme
mbe
r
swho
ar
ee
nt
i
t
l
e
dt
ov
ot
e
.Howe
v
e
r
,as
pe
c
i
alme
e
t
i
ngs
hal
lbec
al
l
e
dbyt
heboar
dofdi
r
e
c
t
or
saf
t
e
r
c
ompl
i
anc
ewi
t
ht
her
e
qui
r
e
dnot
i
c
ewi
t
hi
nf
r
om atl
e
as
tt
e
npe
rc
ent
um (
10%)oft
het
ot
al
me
mbe
r
swhor
ee
nt
i
t
l
e
dt
ov
ot
et
ot
r
ans
ac
ts
pe
c
i
f
i
cbus
i
ne
s
sc
ov
e
r
e
dbyt
hec
al
l
.
"I
ft
heboar
df
ai
l
st
oc
al
lar
e
gul
aroras
pe
c
i
alme
e
t
i
ngwi
t
hi
nt
hegi
v
e
npe
r
i
od,t
heAut
hor
i
t
y
,
uponpe
t
i
t
i
onoft
e
npe
rc
ent
um (
10%)ofal
lt
heme
mbe
r
soft
hec
oope
r
at
i
v
ewhoar
e
e
nt
i
t
l
e
dt
ov
ot
e
,andf
orgoodc
aus
es
hown,s
hal
li
s
s
ueanor
de
rt
ot
hepe
t
i
t
i
one
r
sdi
r
e
c
t
i
ng
t
he
mt
oc
al
lame
e
t
i
ngoft
hege
ne
r
alas
s
e
mbl
ybygi
v
i
ngpr
ope
rnot
i
c
easr
e
qui
r
e
di
nt
hi
s
Codeori
nt
heby
l
aws
;
"(
3)I
nt
hec
as
eofane
wl
yappr
ov
e
dc
oope
r
at
i
v
e
,as
pe
c
i
alge
ne
r
alas
s
e
mbl
ys
hal
lbec
al
l
e
d,as
f
araspr
ac
t
i
c
abl
e
,wi
t
hi
nni
ne
t
y(
90)day
sf
r
om s
uc
happr
ov
al
;
"(
4)TheAut
hor
i
t
ymayc
al
las
pe
c
i
alme
e
t
i
ngoft
hec
oope
r
at
i
v
ef
ort
hepur
pos
eofr
e
por
t
i
ng
t
ot
heme
mbe
r
st
her
e
s
ul
tofanye
x
ami
nat
i
onorot
he
ri
nv
e
s
t
i
gat
i
onoft
hec
oope
r
at
i
v
eaf
f
ai
r
s
;
and
"(
5)Not
i
c
eofanyme
e
t
i
ngmaybewai
v
e
d,e
x
pr
e
s
s
l
yori
mpl
i
e
dl
y
,byanyme
mbe
r
.
"ART.35.Quor
um.–Aquor
um s
hal
lc
ons
i
s
tofatl
e
as
tt
we
nt
y
f
i
v
epe
rc
e
nt
um (
25%)ofal
l
t
heme
mbe
r
se
nt
i
t
l
e
dt
ov
ot
e
.I
nt
hec
as
eofc
oope
r
at
i
v
ebanks
,t
hequor
um s
hal
lbeas
pr
ov
i
de
di
nAr
t
i
c
l
e99oft
hi
sCode
.I
nt
hec
as
eofe
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
s
Code
,aquor
um,unl
e
s
sot
he
r
wi
s
epr
ov
i
de
di
nt
heby
l
aws
,s
hal
lc
ons
i
s
toff
i
v
epe
rc
ent
um (
5%)
ofal
lt
heme
mbe
r
se
nt
i
t
l
e
dt
ov
ot
e
.
"ART.36.Vot
i
ngSy
s
t
em.–Eac
hme
mbe
rofapr
i
mar
yc
oope
r
at
i
v
es
hal
lhav
eonl
yone(
1)
v
ot
e
.I
nt
hec
as
eofme
mbe
r
sofs
e
c
ondar
yort
e
r
t
i
ar
yc
oope
r
at
i
v
e
s
,t
he
ys
hal
lhav
eone(
1)
bas
i
cv
ot
eandasmanyi
nc
e
nt
i
v
ev
ot
e
saspr
ov
i
de
df
ori
nt
heby
l
awsbutnote
x
c
e
e
df
i
v
e(
5)
v
ot
e
s
.Thev
ot
e
sc
as
tbyt
hede
l
e
gat
e
ss
hal
lbede
e
me
dasv
ot
e
sc
as
tbyt
heme
mbe
r
st
he
r
e
of
.
"Howe
v
e
r
,t
heby
l
awsofac
oope
r
at
i
v
eot
he
rt
hanapr
i
mar
ymaypr
ov
i
def
orv
ot
i
ngbypr
ox
y
.
Vot
i
ngbypr
ox
yme
ansal
l
owi
ngade
l
e
gat
eofac
oope
r
at
i
v
et
or
e
pr
e
s
e
ntorv
ot
ei
nbe
hal
fof
anot
he
rde
l
e
gat
eoft
hes
amec
oope
r
at
i
v
e
.
"ART.37.Compos
i
t
i
onandTer
m oft
heBoar
dofDi
r
ec
t
or
s
.–Unl
e
s
sot
he
r
wi
s
epr
ov
i
de
di
n
t
heby
l
aws
,t
hedi
r
e
c
t
i
onandmanage
me
ntoft
heaf
f
ai
r
sofac
oope
r
at
i
v
es
hal
lbev
e
s
t
e
di
na
boar
dofdi
r
e
c
t
or
swhi
c
hs
hal
lbec
ompos
e
dofnotl
e
s
st
hatf
i
v
e(
5)normor
et
hanf
i
f
t
e
e
n(
15)
me
mbe
r
se
l
e
c
t
e
dbyt
hege
ne
r
alas
s
e
mbl
yf
orat
e
r
m oft
wo(
2)y
e
ar
sands
hal
lhol
dof
f
i
c
e
unt
i
lt
he
i
rs
uc
c
e
s
s
or
sar
edul
ye
l
e
c
t
e
danqual
i
f
i
e
d,orunt
i
ldul
yr
e
mov
e
df
orc
aus
e
d.
"ART.38.Powe
r
soft
heBoar
dofDi
r
ec
t
or
s
.–Theboar
dofdi
r
e
c
t
or
ss
hal
lber
e
s
pons
i
bl
ef
or
t
hes
t
r
at
e
gi
cpl
anni
ng,di
r
e
c
t
i
ons
e
t
t
i
ngandpol
i
c
y
f
or
mul
at
i
onac
t
i
v
i
t
i
e
soft
hec
oope
r
at
i
v
e
s
.
"ART.39.Di
r
ec
t
or
s
.–(
1)Anyme
mbe
rofac
oope
r
at
i
v
ewhounde
rt
heby
l
awsoft
he
c
oope
r
at
i
v
e
,hast
her
i
ghtt
ov
ot
eandwhopos
s
e
s
s
e
sal
lt
hequal
i
f
i
c
at
i
onsandnoneoft
he
di
s
qual
i
f
i
c
at
i
onspr
ov
i
de
di
nt
hel
awsorby
l
awss
hal
lbee
l
i
gi
bl
ef
ore
l
e
c
t
i
onasdi
r
e
c
t
or
.
"(
2)Thec
oope
r
at
i
v
emay
,byr
e
s
ol
ut
i
onofi
t
sboar
dofdi
r
e
c
t
or
s
,admi
tasdi
r
e
c
t
or
s
,or
c
ommi
t
t
e
eme
mbe
roneappoi
nt
e
dbyanyf
i
nanc
i
ngi
ns
t
i
t
ut
i
onf
r
om whi
c
ht
hec
oope
r
at
i
v
e
r
e
c
e
i
v
e
df
i
nanc
i
alas
s
i
s
t
anc
es
ol
e
l
yt
opr
ov
i
det
e
c
hni
c
alknowl
e
dgenotav
ai
l
abl
ewi
t
hi
ni
t
s
me
mbe
r
s
hi
p.Suc
hdi
r
e
c
t
ororc
ommi
t
t
e
eme
mbe
rnotbeame
mbe
roft
hec
oope
r
at
i
v
eand
s
hal
lhav
enopowe
r
s
,r
i
ght
s
,norr
e
s
pons
i
bi
l
i
t
i
e
se
x
c
e
ptt
opr
ov
i
de
dt
e
c
hni
c
alas
s
i
s
t
anc
eas
r
e
qui
r
e
dbyt
hec
oope
r
at
i
v
e
.
"(
3)Theme
mbe
r
soft
heboar
dofdi
r
e
c
t
or
ss
hal
lnothol
danyot
he
rpos
i
t
i
ondi
r
e
c
t
l
yi
nv
ol
v
e
d
i
nt
hedayt
odayope
r
at
i
onandmanage
me
ntoft
hec
oope
r
at
i
v
e
.
"(
4)Anype
r
s
one
ngage
di
nabus
i
ne
s
ss
i
mi
l
art
ot
hatoft
hec
oope
r
at
i
v
eorwhoi
nanyway
hasac
onf
l
i
c
tofi
nt
e
r
e
s
twi
t
hi
t
,i
sdi
s
qual
i
f
i
e
df
r
om e
l
e
c
t
i
onasadi
r
e
c
t
orofs
ai
dc
oope
r
at
i
v
e
.
"ART.40.Me
et
i
ngoft
heBoar
dandQuor
um Requi
r
ement
.–(
1)I
nt
hec
as
eofpr
i
mar
y
c
oope
r
at
i
v
e
s
,r
e
gul
arme
e
t
i
ngsoft
heboar
dofdi
r
e
c
t
or
ss
hal
lbehe
l
datl
e
as
tonc
eamont
h.
"(
2)Spe
c
i
alme
e
t
i
ngsoft
heboar
dofdi
r
e
c
t
or
smaybehe
l
datanyt
i
meupont
hec
al
loft
he
c
hai
r
pe
r
s
onoramaj
or
i
t
yoft
heme
mbe
r
soft
heboar
d:Pr
ov
i
ded,Thatwr
i
t
t
e
nnot
i
c
e
soft
he
me
e
t
i
ngs
pe
c
i
f
y
i
ngt
heage
ndaoft
hes
pe
c
i
alme
e
t
i
ngs
hal
lbegi
v
e
nt
oal
lme
mbe
r
soft
he
boar
datl
e
as
tone(
1)we
e
kbe
f
or
et
hes
ai
dme
e
t
i
ng.
"(
3)Amaj
or
i
t
yoft
heme
mbe
r
soft
heBoar
ds
hal
lc
ons
t
i
t
ut
eaquor
um ort
hec
onduc
tof
bus
i
ne
s
s
,unl
e
s
st
heby
l
awspr
ov
e
dot
he
r
wi
s
e
.
"(
4)Di
r
e
c
t
or
sc
annotat
t
e
ndorv
ot
ebypr
ox
yatboar
dme
e
t
i
ngs
.
"ART.41.Vac
anc
yi
nt
heBoar
dofDi
r
ec
t
or
s
.–Anyv
ac
anc
yi
nt
heboar
dofdi
r
e
c
t
or
s
,ot
he
r
t
hanbye
x
pi
r
at
i
onoft
e
r
m,maybef
i
l
l
e
dbyt
hev
ot
eofatl
e
as
tamaj
or
i
t
yoft
her
e
mai
ni
ng
di
r
e
c
t
or
s
,i
fs
t
i
l
lc
ons
t
i
t
ut
i
ngaquor
um;ot
he
r
wi
s
e
,t
hev
ac
anc
ymus
tbef
i
l
l
e
dbyt
hege
ne
r
al
as
s
e
mbl
yi
nar
e
gul
arors
pe
c
i
alme
e
t
i
ngc
al
l
e
df
ort
hepur
pos
e
.Adi
r
e
c
t
ors
oe
l
e
c
t
e
dt
of
i
l
la
v
ac
anc
ys
hal
ls
e
r
v
eonl
yt
heune
x
pi
r
e
dt
e
r
m ofhi
spr
e
de
c
e
s
s
ori
nof
f
i
c
e
.
"ART.42.Of
f
i
c
er
soft
heCooper
at
i
v
e.–Theboar
dofdi
r
e
c
t
or
ss
hal
le
l
e
c
tf
r
om among
t
he
ms
e
l
v
e
st
hec
hai
r
pe
r
s
onandv
i
c
e
c
hai
r
pe
r
s
on,ande
l
e
c
torappoi
ntot
he
rof
f
i
c
e
r
soft
he
c
oope
r
at
i
v
ef
r
om out
s
i
deoft
heboar
di
nac
c
or
danc
ewi
t
ht
he
i
rby
l
aws
.Al
lof
f
i
c
e
r
ss
hal
ls
e
r
v
e
dur
i
nggoodbe
hav
i
orands
hal
lnotber
e
mov
e
de
x
c
e
ptf
orc
aus
eaf
t
e
rduehe
ar
i
ng.L
os
sof
c
onf
i
de
nc
es
hal
lnotbeav
al
i
dgr
oundf
orr
e
mov
alunl
e
s
se
v
i
de
nc
e
dbyac
t
soromi
s
s
i
on
c
aus
i
ngl
os
sofc
onf
i
de
nc
ei
nt
hehone
s
t
yandi
nt
e
gr
i
t
yofs
uc
hof
f
i
c
e
r
.Not
wo(
2)ormor
e
pe
r
s
onswi
t
hr
e
l
at
i
ons
hi
psupt
ot
het
hi
r
dc
i
v
i
lde
gr
e
eofc
ons
angui
ni
t
yoraf
f
i
ni
t
ynors
hal
l
anype
r
s
one
ngage
di
nabus
i
ne
s
ss
i
mi
l
art
ot
hatoft
hec
oope
r
at
i
v
enorwhoi
nanyot
he
r
manne
rhasi
nt
e
r
e
s
t
si
nc
onf
l
i
c
twi
t
ht
hec
oope
r
at
i
v
es
hal
ls
e
r
v
easanappoi
nt
i
v
eof
f
i
c
e
r
.
"ART.43.Commi
t
t
eesofCooper
at
i
v
es
.–(
1)Theby
l
awsmayc
r
e
at
eane
x
e
c
ut
i
v
ec
ommi
t
t
e
e
t
obeappoi
nt
e
dbyt
heboar
dofdi
r
e
c
t
or
swi
t
hs
uc
hpowe
r
sanddut
i
e
sasmaybede
l
e
gat
e
dt
o
i
ti
nt
heby
l
awsorbyamaj
or
i
t
yv
ot
eofal
lt
heme
mbe
r
soft
heboar
dofdi
r
e
c
t
or
s
.
"(
2)Theby
l
awss
hal
lpr
ov
i
def
ort
hec
r
e
at
i
onofanaudi
t
,e
l
e
c
t
i
on,me
di
at
i
onand
c
onc
i
l
i
at
i
on,e
t
hi
c
s
,ands
uc
hot
he
rc
ommi
t
t
e
e
sasmaybene
c
e
s
s
ar
yf
ort
hec
onduc
toft
he
af
f
ai
r
soft
hec
oope
r
at
i
v
e
.Theme
mbe
r
sofbot
ht
heaudi
tande
l
e
c
t
i
onc
ommi
t
t
e
es
hal
lbe
e
l
e
c
t
e
dbyt
hege
ne
r
alas
s
e
mbl
yandt
her
e
s
ts
hal
lbeappoi
nt
e
dbyt
heboar
d.Theaudi
t
c
ommi
t
t
e
es
hal
lbedi
r
e
c
t
l
yac
c
ount
abl
eandr
e
s
pons
i
bl
et
ot
hege
ne
r
alas
s
e
mbl
y
.I
ts
hal
lhav
e
t
hepowe
randdut
yt
oc
ont
i
nuous
l
ymoni
t
ort
heade
quac
yande
f
f
e
c
t
i
v
e
ne
s
soft
he
c
oope
r
at
i
v
e
’
smanage
me
ntc
ont
r
ols
y
s
t
e
m andaudi
tt
hepe
r
f
or
manc
eoft
hec
oope
r
at
i
v
eand
i
t
sv
ar
i
ousr
e
s
pons
i
bi
l
i
t
yc
e
nt
e
r
s
.
"Unl
e
s
sot
he
r
wi
s
epr
ov
i
de
di
nt
heby
l
aws
,t
heboar
d,i
nc
as
eofav
ac
anc
yi
nt
hec
ommi
t
t
e
e
s
,
mayc
al
lane
l
e
c
t
i
ont
of
i
l
lt
hev
ac
anc
yorappoi
ntape
r
s
ont
of
i
l
lt
hes
ames
ubj
e
c
tt
ot
he
pr
ov
i
s
i
ont
hatt
hepe
r
s
one
l
e
c
t
e
dorappoi
nt
e
ds
hal
ls
e
r
v
eonl
yf
ort
heune
x
pi
r
e
dpor
t
i
onof
t
het
e
r
m.
"ART.44.F
unc
t
i
ons
,Res
pons
i
bi
l
i
t
i
esandTr
ai
ni
ngRequi
r
ement
sofDi
r
ec
t
or
s
,Of
f
i
c
er
sand
Commi
t
t
eeMember
s
.–t
hef
unc
t
i
onsandr
e
s
pons
i
bi
l
i
t
i
e
sofdi
r
e
c
t
or
s
,of
f
i
c
e
r
sandc
ommi
t
t
e
e
me
mbe
r
s
,aswe
l
last
he
i
rt
r
ai
ni
ngr
e
qui
r
e
me
nt
s
,s
hal
lbei
nac
c
or
danc
ewi
t
ht
her
ul
e
sand
r
e
gul
at
i
onsi
s
s
ue
dbyt
heAut
hor
i
t
y
.
"ART.45.L
i
abi
l
i
t
yofDi
r
ec
t
or
s
,Of
f
i
c
er
sandCommi
t
t
eeMember
s
.–Di
r
e
c
t
or
s
,of
f
i
c
e
r
sand
c
ommi
t
t
e
eme
mbe
r
s
,whoar
ewi
l
l
f
ul
l
yandknowi
ngl
yv
ot
ef
ororas
s
e
ntt
opat
e
nt
l
yunl
awf
ul
ac
t
sorwhoar
egui
l
t
yofgr
os
sne
gl
i
ge
nc
eorbadf
ai
t
hi
ndi
r
e
c
t
i
ngt
heaf
f
ai
r
soft
he
c
oope
r
at
i
v
eorac
qui
r
eanype
r
s
onalorpe
c
uni
ar
yi
nt
e
r
e
s
ti
nc
onf
l
i
c
twi
t
ht
he
i
rdut
yass
uc
h
di
r
e
c
t
or
s
,of
f
i
c
e
r
sorc
ommi
t
t
e
eme
mbe
r
ss
hal
lbel
i
abl
ej
oi
nt
l
yands
e
v
e
r
al
l
yf
oral
ldamage
s
orpr
of
i
t
sr
e
s
ul
t
i
ngt
he
r
e
f
r
om t
ot
hec
oope
r
at
i
v
e
,me
mbe
r
s
,andot
he
rpe
r
s
ons
.
"Whe
nadi
r
e
c
t
or
,of
f
i
c
e
rorc
ommi
t
t
e
eme
mbe
rat
t
e
mpt
st
oac
qui
r
eorac
qui
r
e
s
,i
nv
i
ol
at
i
on
ofhi
sdut
y
,anyi
nt
e
r
e
s
tore
qui
t
yadv
e
r
s
et
ot
hec
oope
r
at
i
v
ei
nr
e
s
pe
c
tt
oanymat
t
e
rwhi
c
h
hasbe
e
nr
e
pos
e
di
nhi
mi
nc
onf
i
de
nc
e
,hes
hal
l
,asat
r
us
t
e
ef
ort
hec
oope
r
at
i
v
e
,bel
i
abl
ef
or
damage
sands
hal
lbeac
c
ount
abl
ef
ordoubl
et
hepr
of
i
t
swhi
c
hot
he
r
wi
s
ewoul
dhav
eac
c
r
ue
d
t
ot
hec
oope
r
at
i
v
e
.
"ART.46.Compe
ns
at
i
on.–(
1)I
nt
heabs
e
nc
eofanypr
ov
i
s
i
onsi
nt
heby
l
awsf
i
x
i
ngt
he
i
r
c
ompe
ns
at
i
on,t
hedi
r
e
c
t
or
ss
hal
lnotr
e
c
e
i
v
eanyc
ompe
ns
at
i
one
x
c
e
ptf
orr
e
as
onabl
epe
r
di
ems
:Pr
ov
i
dedhowev
er
,Thatt
hedi
r
e
c
t
or
sandof
f
i
c
e
r
ss
hal
lnotbee
nt
i
t
l
e
dt
oanype
r
di
em when,i
nt
hepr
e
c
e
di
ngc
al
e
ndary
e
ar
,t
hec
oope
r
at
i
v
er
e
por
t
e
dane
tl
os
sorhada
di
v
i
de
ndr
at
el
e
s
st
hant
heof
f
i
c
i
ali
nf
l
at
i
onr
at
ef
ort
hes
amey
e
ar
.Anyc
ompe
ns
at
i
onot
he
r
t
hanpe
rdi
emsmaybegr
ant
e
dt
odi
r
e
c
t
or
sbyamaj
or
i
t
yv
ot
eoft
heme
mbe
r
swi
t
hv
ot
i
ng
r
i
ght
satar
e
gul
arors
pe
c
i
alge
ne
r
alas
s
e
mbl
yme
e
t
i
ngs
pe
c
i
f
i
c
al
l
yc
al
l
e
df
ort
he
pur
pos
e
:Pr
ov
i
ded,Thatnoaddi
t
i
onalc
ompe
ns
at
i
onot
he
rt
hanpe
rdi
emss
hal
lbepai
d
dur
i
ngt
hef
i
r
s
ty
e
arofe
x
i
s
t
e
nc
eofanyc
oope
r
at
i
v
e
.
"(
2)Thec
ompe
ns
at
i
onofof
f
i
c
e
r
soft
hec
oope
r
at
i
v
easwe
l
last
heme
mbe
r
soft
he
c
ommi
t
t
e
easwe
l
last
heme
mbe
r
soft
hec
ommi
t
t
e
e
sc
r
e
at
e
dpur
s
uantt
ot
hi
sCodeori
t
s
by
l
awsmaybef
i
x
e
di
nt
heby
l
aws
.
"(
3)Unl
e
s
sal
r
e
adyf
i
x
e
di
nt
heby
l
aws
,t
hec
ompe
ns
at
i
onofal
lot
he
re
mpl
oy
e
es
hal
lbe
de
t
e
r
mi
ne
dbyt
heboar
dofdi
r
e
c
t
or
s
.
"ART.47.De
al
i
ngsofDi
r
ec
t
or
s
,Of
f
i
c
er
s
,orCommi
t
t
eeMember
s
.–Ac
ont
r
ac
te
nt
e
r
e
di
nt
o
byt
hec
oope
r
at
i
v
ewi
t
hone(
1)ormor
eofi
t
sdi
r
e
c
t
or
s
,of
f
i
c
e
r
s
,andc
ommi
t
t
e
eme
mbe
r
si
s
v
oi
dabl
e
,att
heopt
i
onoft
hec
oope
r
at
i
v
e
,unl
e
s
sal
lt
hef
ol
l
owi
ngc
ondi
t
i
onsar
epr
e
s
e
nt
.
"(
1)Thatt
hepr
e
s
e
nc
eofs
uc
hdi
r
e
c
t
ori
nt
heboar
dme
e
t
i
ngwhe
r
e
i
nc
ont
r
ac
twasappr
ov
e
d
wasnotne
c
e
s
s
ar
yt
oc
ons
t
i
t
ut
eaquor
um f
ors
uc
hme
e
t
i
ng;
"(
2)Thatt
hev
ot
eofs
uc
hdi
r
e
c
t
orwasnotne
c
e
s
s
ar
yf
ort
heappr
ov
aloft
hec
ont
r
ac
t
;
"(
3)Thatt
hec
ont
r
ac
ti
sf
ai
randr
e
as
onabl
eunde
rt
hec
i
r
c
ums
t
anc
e
s
;and
"(
4)Thati
nt
hec
as
eofanof
f
i
c
e
rorc
ommi
t
t
e
eme
mbe
r
,t
hec
ont
r
ac
twi
t
ht
heof
f
i
c
e
ror
c
ommi
t
t
e
eme
mbe
rhasbe
e
npr
e
v
i
ous
l
yaut
hor
i
z
e
dbyt
hege
ne
r
alas
s
e
mbl
yorbyt
heboar
d
ofdi
r
e
c
t
or
s
.
"Whe
r
eanyoft
hef
i
r
s
tt
woc
ondi
t
i
onss
e
tf
or
t
hi
nt
hepr
e
c
e
di
ngpar
agr
aphi
sabs
e
nt
,i
nt
he
c
as
eofac
ont
r
ac
twi
t
hadi
r
e
c
t
or
,s
uc
hc
ont
r
ac
tmayber
at
i
f
i
e
dbyat
hr
e
e
f
our
t
hs(
3/
4)v
ot
e
ofal
lt
heme
mbe
r
swi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um i
name
e
t
i
ngc
al
l
e
d
f
ort
hepur
pos
e
:Pr
ov
i
ded,Thatf
ul
ldi
s
c
l
os
ur
eoft
headv
e
r
s
ei
nt
e
r
e
s
toft
hedi
r
e
c
t
or
si
nv
ol
v
e
d
i
smadeats
uc
hme
e
t
i
ng,andt
hatt
hec
ont
r
ac
ti
sf
ai
randr
e
as
onabl
eunde
rt
hec
i
r
c
ums
t
anc
e
s
.
"ART.48.Di
s
l
oy
al
t
yofaDi
r
ec
t
or
.–Adi
r
e
c
t
orwho,byv
i
r
t
ueofhi
sof
f
i
c
e
,ac
qui
r
e
sf
or
hi
ms
e
l
fanoppor
t
uni
t
ywhi
c
hs
houl
dbe
l
ongt
ot
hec
oope
r
at
i
v
es
hal
lbel
i
abl
ef
ordamage
s
andmus
tac
c
ountf
ordoubl
et
hepr
of
i
t
st
hatot
he
r
wi
s
ewoul
dhav
eac
c
r
ue
dt
ot
he
c
oope
r
at
i
v
ebyr
e
f
undi
ngt
hes
ame
,unl
e
s
shi
sac
thasbe
e
nr
at
i
f
i
e
dbyat
hr
e
e
f
our
t
hs(
3/
4)
v
ot
eofal
lt
heme
mbe
r
swi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um.Thi
spr
ov
i
s
i
on
s
hal
lbeappl
i
c
abl
e
,not
wi
t
hs
t
andi
ngt
hef
ac
tt
hatt
hedi
r
e
c
t
orus
e
dhi
sownf
undsi
nt
he
v
e
nt
ur
e
.
"ART.49.I
l
l
egalUs
eofConf
i
dent
i
alI
nf
or
mat
i
on.–(
1)Adi
r
e
c
t
ororof
f
i
c
e
r
,oranas
s
oc
i
at
eof
adi
r
e
c
t
ororof
f
i
c
e
r
,who,f
orhi
sbe
ne
f
i
toradv
ant
ageort
hatofanas
s
oc
i
at
e
,make
sus
eof
c
onf
i
de
nt
i
ali
nf
or
mat
i
ont
hat
,i
fge
ne
r
al
l
yknown,mi
ghtr
e
as
onabl
ybee
x
pe
c
t
e
dt
oadv
e
r
s
e
l
y
af
f
e
c
tt
heope
r
at
i
onandv
i
abi
l
i
t
yoft
hec
oope
r
at
i
v
e
,s
hal
lbehe
l
d:
"(
a)L
i
abl
et
oc
ompe
ns
at
et
hec
oope
r
at
i
v
ef
ort
hedi
r
e
c
tl
os
s
e
ss
uf
f
e
r
e
dbyt
he
c
oope
r
at
i
v
easar
e
s
ul
toft
hei
l
l
e
galus
eofi
nf
or
mat
i
on;and
"(
b)Ac
c
ount
abl
et
ot
hec
oope
r
at
i
v
ef
oranydi
r
e
c
tbe
ne
f
i
toradv
ant
ager
e
c
e
i
v
e
dor
y
e
tt
ober
e
c
e
i
v
e
dbyhi
m orhi
sas
s
oc
i
at
e
,asar
e
s
ul
toft
het
r
ans
ac
t
i
on.
"(
2)Thec
oope
r
at
i
v
es
hal
lt
aket
hene
c
e
s
s
ar
ys
t
e
pst
oe
nf
or
c
et
hel
i
abi
l
i
t
i
e
sde
s
c
r
i
be
di
n
s
ubs
e
c
t
i
on(
a)
"ART.50.Re
mov
al
.–Al
lc
ompl
ai
nt
sf
ort
her
e
mov
alofanye
l
e
c
t
e
dof
f
i
c
e
rs
hal
lbef
i
l
e
dwi
t
h
t
heboar
dofdi
r
e
c
t
or
s
.Suc
hof
f
i
c
e
rs
hal
lbegi
v
e
nt
heoppor
t
uni
t
yt
obehe
ar
d.Maj
or
i
t
yoft
he
boar
dofdi
r
e
c
t
or
smaypl
ac
et
heof
f
i
c
e
rc
onc
e
r
ne
dunde
rpr
e
v
e
nt
i
v
es
us
pe
ns
i
onpe
ndi
ngt
he
r
e
s
ol
ut
i
onoft
hei
nv
e
s
t
i
gat
i
on.Uponf
i
ndi
ngofapr
i
maf
ac
i
ee
v
i
de
nc
eofgui
l
t
,t
heboar
ds
hal
l
pr
e
s
e
nti
t
sr
e
c
omme
ndat
i
onf
orr
e
mov
alt
ot
hege
ne
r
alas
s
e
mbl
y
.
"Ane
l
e
c
t
i
v
eof
f
i
c
e
rmayber
e
mov
e
dbyt
hr
e
ef
our
t
hs(
3/
4)v
ot
e
soft
her
e
gul
arme
mbe
r
s
pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um,i
nar
e
gul
arors
pe
c
i
alge
ne
r
alas
s
e
mbl
yme
e
t
i
ngc
al
l
e
d
f
ort
hepur
pos
e
.Theof
f
i
c
e
rc
onc
e
r
ne
ds
hal
lbegi
v
e
nanoppor
t
uni
t
yt
obehe
ar
dats
ai
d
as
s
e
mbl
y
.
SEC.5.Ar
t
i
c
l
e
s52,53,54,55,56,57,58,59,60,61,62and63ofChapt
e
rVonRe
s
pons
i
bi
l
i
t
i
e
s
,Ri
ght
s
andPr
i
v
i
l
e
ge
sofCoope
r
at
i
v
e
soft
hes
ameCodear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,as
f
ol
l
ows
:
CHAPTERV
RESPONSI
BI
L
I
TI
ES,RI
GHTSANDPRI
VI
L
EGESOFCOOPERATI
VE
"ART.51.Addr
es
s
.–Ev
e
r
yc
oope
r
at
i
v
es
hal
lhav
eanof
f
i
c
i
alpos
t
aladdr
e
s
st
owhi
c
hal
l
not
i
c
e
sandc
ommuni
c
at
i
onss
hal
lbes
e
nt
.Suc
haddr
e
s
sande
v
e
r
yc
hanget
he
r
e
ofs
hal
lbe
r
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
y
.
"ART.52.Bookst
obeKeptOpen.–(
1)Ev
e
r
yc
oope
r
at
i
v
es
hal
lhav
et
hef
ol
l
owi
ngdoc
ume
nt
s
r
e
adyandac
c
e
s
s
i
bl
et
oi
t
sme
mbe
r
sandr
e
pr
e
s
e
nt
at
i
v
e
soft
heAut
hor
i
t
yf
ori
ns
pe
c
t
i
on
dur
i
ngr
e
as
onabl
eof
f
i
c
ehour
sati
t
sof
f
i
c
i
aladdr
e
s
s
:
"(
a)Ac
opyoft
hi
sCodeandal
lot
he
rl
awspe
r
t
ai
ni
ngt
oc
oope
r
at
i
v
e
s
;
"(
b)Ac
opyoft
her
e
gul
at
i
onsoft
heAut
hor
i
t
y
;
"(
c
)Ac
opyoft
hear
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awsoft
hec
oope
r
at
i
v
e
;
"(
d)Ar
e
gi
s
t
e
rofme
mbe
r
s
;
"(
e
)Thebooksoft
hemi
nut
e
soft
heme
e
t
i
ngsoft
hege
ne
r
alas
s
e
mbl
y
,boar
dof
di
r
e
c
t
or
sandc
ommi
t
t
e
e
;
"(
f
)Shar
ebooks
,whe
r
eappl
i
c
abl
e
;
"(
g)F
i
nanc
i
als
t
at
e
me
nt
;and
"(
h)Suc
hot
he
rdoc
ume
nt
sasmaybepr
e
s
c
r
i
be
dbyl
awsort
heby
l
aws
.
"(
2)Theac
c
ount
antort
hebookke
e
pe
roft
hec
oope
r
at
i
v
es
hal
lber
e
s
pons
i
bl
ef
ort
he
mai
nt
e
nanc
eoft
hec
oope
r
at
i
v
ei
nac
c
or
danc
ewi
t
hge
ne
r
al
l
yac
c
e
pt
e
dac
c
ount
i
ngpr
ac
t
i
c
e
s
.
Hes
hal
lal
s
ober
e
s
pons
i
bl
ef
ort
hepr
oduc
t
i
onoft
hes
ameatt
het
i
meofaudi
tori
ns
pe
c
t
i
on.
"Theaudi
tc
ommi
t
t
e
es
hal
lber
e
s
pons
i
bl
ef
ort
hec
ont
i
nuousandpe
r
i
odi
cr
e
v
i
e
woft
he
booksandr
e
c
or
dsofac
c
ountt
oe
ns
ur
et
hatt
he
s
ear
ei
nac
c
or
danc
ewi
t
hge
ne
r
al
l
yac
c
e
pt
e
d
ac
c
ount
i
ngpr
ac
t
i
c
e
s
.Hes
hal
lal
s
ober
e
s
pons
i
bl
ef
ort
hepr
oduc
t
i
onoft
hes
ameatt
het
i
me
ofaudi
tori
ns
pe
c
t
i
on.
"(
3)Eac
hc
oope
r
at
i
v
es
hal
lmai
nt
ai
nr
e
c
or
dsofac
c
ount
ss
uc
ht
hatt
het
r
ueandc
or
r
e
c
t
c
ondi
t
i
onandt
her
e
s
ul
t
soft
heope
r
at
i
onoft
hec
oope
r
at
i
v
emaybeas
c
e
r
t
ai
ne
dt
he
r
e
f
r
om at
anyt
i
me
.Thef
i
nanc
i
als
t
at
e
me
nt
s
,audi
t
e
dac
c
or
di
ngt
oge
ne
r
al
l
yac
c
e
pt
e
daudi
t
i
ng
s
t
andar
ds
,pr
i
nc
i
pl
e
sandpr
ac
t
i
c
e
s
,s
hal
lbepubl
i
s
he
dannual
l
yands
hal
lbeke
ptpos
t
e
di
na
c
ons
pi
c
uouspl
ac
ei
nt
hepr
i
nc
i
palof
f
i
c
eoft
hec
oope
r
at
i
v
e
.
"(
4)Subj
e
c
tt
ot
hepe
r
t
i
ne
ntpr
ov
i
s
i
onsoft
heNat
i
onalI
nt
e
r
nalRe
v
e
nueCodeandot
he
rl
aws
,
ac
oope
r
at
i
v
emaydi
s
pos
ebywayofbur
ni
ngorot
he
rme
t
hodofc
ompl
e
t
ede
s
t
r
uc
t
i
onany
doc
ume
nt
,r
e
c
or
dorbookpe
r
t
ai
ni
ngt
oi
t
sf
i
nanc
i
alandnonf
i
nanc
i
alope
r
at
i
onswhi
c
har
e
al
r
e
adymor
et
hanf
i
v
e(
5)y
e
ar
sol
de
x
c
e
ptt
hos
er
e
l
at
i
ngt
ot
r
ans
ac
t
i
onswhi
c
har
et
he
s
ubj
e
c
tofc
i
v
i
l
,c
r
i
mi
nalandadmi
ni
s
t
r
at
i
v
epr
oc
e
e
di
ngs
.Ani
nv
e
nt
or
yoft
heaudi
t
e
d
doc
ume
nt
s
,r
e
c
or
dsandbookst
obedi
s
pos
e
dofs
hal
lbedr
awnupandc
e
r
t
i
f
i
e
dt
obyt
he
boar
ds
e
c
r
e
t
ar
yandt
hec
hai
r
manoft
heaudi
tc
ommi
t
t
e
eandpr
e
s
e
nt
e
dt
ot
heboar
dof
di
r
e
c
t
or
swhi
c
hmayt
he
r
e
uponappr
ov
et
hedi
s
pos
i
t
i
onofs
ai
dr
e
c
or
ds
.
"ART.53.Re
por
t
s
.–(
1)Ev
e
r
yc
oope
r
at
i
v
es
hal
ldr
awupr
e
gul
arr
e
por
t
sofi
t
spr
ogr
am of
ac
t
i
v
i
t
i
e
s
,i
nc
l
udi
ngt
hos
ei
npur
s
uanc
eoft
he
i
rs
oc
i
oc
i
v
i
cunde
r
t
aki
ngs
,s
howi
ngt
he
i
r
pr
ogr
e
s
sandac
hi
e
v
e
me
nt
satt
hee
ndofe
v
e
r
yf
i
s
c
aly
e
ar
.Ther
e
por
t
ss
hal
lbemade
ac
c
e
s
s
i
bl
et
oi
t
sme
mbe
r
s
,andc
opi
e
st
he
r
e
ofs
hal
lbef
ur
ni
s
he
dt
oal
li
t
sme
mbe
r
sorr
e
c
or
d.
The
s
er
e
por
t
ss
hal
lbef
i
l
e
dwi
t
ht
heAut
hor
i
t
ywi
t
hi
nonehundr
e
dt
we
nt
y(
120)day
sf
r
om
t
hee
ndoft
hec
al
e
ndary
e
ar
.Thef
or
m andc
ont
e
nt
soft
her
e
por
t
ss
hal
lbeaspr
e
s
c
r
i
be
dby
t
her
ul
e
soft
heAut
hor
i
t
y
.F
ai
l
ur
et
of
i
l
et
her
e
qui
r
e
dr
e
por
t
ss
hal
ls
ubj
e
c
tt
heac
c
ount
abl
e
of
f
i
c
e
r
/
st
of
i
ne
sandpe
nal
t
i
e
sasmaybepr
e
s
c
r
i
be
dbyt
heAut
hor
i
t
y
,ands
hal
lbeagr
ound
f
ort
her
e
v
oc
at
i
onofaut
hor
i
t
yoft
hec
oope
r
at
i
v
et
oope
r
at
eass
uc
h.Thef
i
s
c
aly
e
arofe
v
e
r
y
c
oope
r
at
i
v
es
hal
lbet
hec
al
e
ndary
e
are
x
c
e
ptasmaybeot
he
r
wi
s
epr
ov
i
de
di
nt
heby
l
aws
.
"(
2)I
fac
oope
r
at
i
v
ef
ai
l
st
omake
,publ
i
s
handf
i
l
et
her
e
por
t
sr
e
qui
r
e
dhe
r
e
i
n,orf
ai
l
st
o
i
nc
l
udet
he
r
e
i
nanymat
t
e
rr
e
qui
r
e
dbyt
heCode
,t
heAut
hor
i
t
ys
hal
l
,wi
t
hi
nf
i
f
t
e
e
n(
15)day
s
f
r
om t
hee
x
pi
r
at
i
onoft
hepr
e
s
c
r
i
be
dpe
r
i
od,s
e
nds
uc
hc
oope
r
at
i
v
eawr
i
t
t
e
nnot
i
c
e
,s
t
at
i
ng
i
t
snonc
ompl
i
anc
eandt
hec
omme
ns
ur
at
ef
i
ne
sandpe
nal
t
i
e
st
hatwi
l
lbei
mpos
e
dunt
i
ls
uc
h
t
i
met
hatt
hec
oope
r
at
i
v
ehasc
ompl
i
e
dwi
t
ht
her
e
qui
r
e
me
nt
s
.
"ART.54.Re
gi
s
t
erofMember
sasPr
i
maFac
i
eEv
i
denc
e.–Anyr
e
gi
s
t
e
rorl
i
s
tofme
mbe
r
s
s
har
e
ske
ptbyanyr
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
es
hal
lbepr
i
maf
ac
i
ee
v
i
de
nc
eoft
hef
ol
l
owi
ng
par
t
i
c
ul
ar
se
nt
e
r
e
dt
he
r
e
i
n:
"(
1)Thedat
eonwhi
c
ht
henameofanype
r
s
onwase
nt
e
r
e
di
ns
uc
hr
e
gi
s
t
e
rorl
i
s
tof
me
mbe
r
;and
"(
2)Thedat
eonwhi
c
hanys
uc
hpe
r
s
onc
e
as
e
dt
obeame
mbe
r
.
"ART.55.Pr
obat
i
v
eVal
ueofCer
t
i
f
i
edCopi
esofEnt
r
i
es
.–(
1)Ac
opyofanye
nt
r
yi
nanybook,
r
e
gi
s
t
e
rorl
i
s
tr
e
gul
ar
l
yke
pti
nt
hec
our
s
eofbus
i
ne
s
si
nt
hepos
s
e
s
s
i
onofac
oope
r
at
i
v
es
hal
l
,
i
fdul
yc
e
r
t
i
f
i
e
di
nac
c
or
danc
ewi
t
ht
her
ul
e
sofe
v
i
de
nc
e
,beadmi
s
s
i
bl
ease
v
i
de
nc
eoft
he
e
x
i
s
t
e
nc
eofe
nt
r
yandpr
i
maf
ac
i
ee
v
i
de
nc
eoft
hemat
t
e
r
sandt
r
ans
ac
t
i
onst
he
r
e
i
nr
e
c
or
de
d.
"(
2)Nope
r
s
onorac
oope
r
at
i
v
ei
spos
s
e
s
s
i
onoft
hebooksofs
uc
hc
oope
r
at
i
v
es
hal
l
,i
nany
l
e
galpr
oc
e
e
di
ngst
owhi
c
ht
hec
oope
r
at
i
v
ei
snotapar
t
y
,bec
ompe
l
l
e
dt
opr
oduc
eanyoft
he
booksoft
hec
oope
r
at
i
v
e
,t
hec
ont
e
nt
sofwhi
c
hc
anbepr
ov
e
dandt
hemat
t
e
r
s
,t
r
ans
ac
t
i
ons
andac
c
ount
st
he
r
e
i
nr
e
c
or
de
d,unl
e
s
sbyor
de
rofac
ompe
t
e
ntc
our
t
.
"ART.56.Bondi
ngofAc
c
ount
abl
eOf
f
i
c
er
s
.–Ev
e
r
ydi
r
e
c
t
or
,of
f
i
c
e
r
,ande
mpl
oy
e
ehandl
i
ng
f
unds
,s
e
c
ur
i
t
i
e
sorpr
ope
r
t
yonbe
hal
fofanyc
oope
r
at
i
v
es
hal
lbec
ov
e
r
e
dbyas
ur
e
t
ybondt
o
bei
s
s
ue
df
oradul
yr
e
gi
s
t
e
r
e
di
ns
ur
anc
eorbondi
ngc
ompanyf
ort
hef
ai
t
hf
ulpe
r
f
or
manc
eof
t
he
i
rr
e
s
pe
c
t
i
v
edut
i
e
sandobl
i
gat
i
ons
.Theboar
dofdi
r
e
c
t
or
ss
hal
lde
t
e
r
mi
net
heade
quac
yof
s
uc
hbonds
.
"Upont
hef
i
l
i
ngoft
heappl
i
c
at
i
onf
orr
e
gi
s
t
r
at
i
onofac
oope
r
at
i
v
e
,t
hebondsoft
he
ac
c
ount
abl
eof
f
i
c
e
r
ss
hal
lber
e
qui
r
e
dbyt
heAut
hor
i
t
y
.Suc
hbondss
hal
lber
e
ne
we
d
manual
l
yandt
heAut
hor
i
t
ys
hal
lac
c
or
di
ngl
ybei
nf
or
me
dofs
uc
hr
e
ne
wal
.
"ART.57.Pr
ef
er
enc
eofCl
ai
ms
.–(
1)Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofe
x
i
s
t
i
ngl
aws
,r
ul
e
s
andr
e
gul
at
i
onst
ot
hec
ont
r
ar
y
,buts
ubj
e
c
tt
ot
hepr
i
orc
l
ai
m oft
heAut
hor
i
t
y
,anyde
btdue
t
ot
hec
oope
r
at
i
v
ef
r
om t
heme
mbe
rs
hal
lc
ons
t
i
t
ut
eaf
i
r
s
tl
i
e
nuponanyr
awmat
e
r
i
al
s
,
pr
oduc
t
i
on,i
nput
s
,andpr
oduc
t
spr
oduc
e
d;oranyl
and,bui
l
di
ng,f
ac
i
l
i
t
i
e
s
,e
qui
pme
nt
,goods
ors
e
r
v
i
c
e
sac
qui
r
e
dandhe
l
d,bys
uc
hme
mbe
rt
hr
ought
hepr
oc
e
e
dsoft
hel
oanorc
r
e
di
t
gr
ant
e
dbyt
hec
oope
r
at
i
v
et
ohi
mf
orasl
ongast
hes
amei
snotf
ul
l
ypai
d.
"(
2)Nopr
ope
r
t
yori
nt
e
r
e
s
tonpr
ope
r
t
ywhi
c
hi
ss
ubj
e
c
tt
oal
i
e
nunde
rpar
agr
aph(
1)s
hal
l
bes
ol
dnorc
onv
e
y
e
dt
ot
hi
r
dpar
t
i
e
swi
t
houtt
hepr
i
orpe
r
mi
s
s
i
onoft
hec
oope
r
at
i
v
e
.Thel
i
e
n
upont
hepr
ope
r
t
yori
nt
e
r
e
s
ts
hal
lc
ont
i
nuet
oe
x
i
te
v
e
naf
t
e
rt
hes
al
eorc
onv
e
y
anc
et
he
r
e
of
unt
i
ls
uc
hl
i
e
nhasbe
e
ndul
ye
x
t
i
ngui
s
he
d.
"(
3)Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofanyl
awt
ot
hec
ont
r
ar
y
,anys
al
eorc
onv
e
y
anc
emade
i
nc
ont
r
av
e
nt
i
onofpar
agr
aph(
2)he
r
e
ofs
hal
lbev
oi
d.
"ART.58.I
ns
t
r
umentf
orSal
ar
yorWageDeduc
t
i
on.–(
1)Ame
mbe
rofac
oope
r
at
i
v
emay
,
not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofe
x
i
s
t
i
ngl
awst
ot
hec
ont
r
ar
y
,e
x
e
c
ut
eani
ns
t
r
ume
nti
n
f
av
oroft
hec
oope
r
at
i
v
eaut
hor
i
z
i
nghi
se
mpl
oy
e
rt
ode
duc
tf
r
om hi
s
/
he
rs
al
ar
yorwage
s
,
c
ommut
at
i
onofl
e
av
ec
r
e
di
t
sandanyot
he
rmone
t
ar
ybe
ne
f
i
t
spay
abl
et
ohi
m byt
he
e
mpl
oy
e
randr
e
mi
ts
uc
hamountasmay
bes
pe
c
i
f
i
e
di
ns
at
i
s
f
ac
t
i
onofade
btorot
he
r
de
mandduef
r
om t
heme
mbe
rt
ot
hec
oope
r
at
i
v
e
.
"(
2)Upont
hee
x
e
c
ut
i
onofs
uc
hi
ns
t
r
ume
ntandasmayber
e
qui
r
e
dbyt
hec
oope
r
at
i
v
e
c
ont
ai
ne
di
nawr
i
t
t
e
nr
e
que
s
t
,t
hee
mpl
oy
e
rs
hal
lmaket
hede
duc
t
i
oni
nac
c
or
danc
ewi
t
ht
he
agr
e
e
me
ntandde
duc
t
i
oni
nac
c
or
danc
ewi
t
ht
heagr
e
e
me
ntandr
e
mi
tf
or
t
hwi
t
ht
heamount
s
ode
duc
t
e
dwi
t
hi
nt
e
n(
10)day
saf
t
e
rt
hee
ndoft
hepay
r
ol
lmont
ht
ot
hec
oope
r
at
i
v
e
.The
e
mpl
oy
e
rs
hal
lmaket
hede
duc
t
i
onf
orasl
ongass
uc
hde
btorot
he
rde
mandr
e
mai
nsunpai
d
byt
hee
mpl
oy
e
e
.
"(
3)Thet
e
r
m "e
mpl
oy
e
r
"asus
e
di
nt
hi
sar
t
i
c
l
es
hal
li
nc
l
udeal
lpr
i
v
at
ef
i
r
msandt
he
nat
i
onalandl
oc
algov
e
r
nme
nt
sandgov
e
r
nme
nt
owne
dorc
ont
r
ol
l
e
dc
or
por
at
i
onswhohav
e
unde
rt
he
i
re
mpl
oy
e
rame
mbe
rofac
oope
r
at
i
v
eandhav
eagr
e
e
dt
oc
ar
r
youtt
het
e
r
msof
t
hei
ns
t
r
ume
ntme
nt
i
one
di
npar
agr
aphs(
1)and(
2)oft
hi
sar
t
i
c
l
e
.
"(
4)Thepr
ov
i
s
i
onsoft
hi
sar
t
i
c
l
es
hal
lappl
yt
oal
ls
i
mi
l
aragr
e
e
me
nt
sr
e
f
e
r
r
e
dt
oi
n
par
agr
aph(
1)andwe
r
ee
nf
or
c
e
dpr
i
ort
ot
heappr
ov
aloft
hi
sCode
.
"(
5)Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofe
x
i
s
t
i
ngl
awst
ot
hec
ont
r
ar
y
,t
her
e
s
pons
i
bi
l
i
t
i
e
sof
t
hee
mpl
oy
e
rass
t
at
e
di
npar
agr
aphs(
1)and(
2)oft
hi
sar
t
i
c
l
e
ss
hal
lbemandat
or
y
:Pr
ov
i
de
d,
Thati
nt
hec
as
eofpr
i
v
at
ee
mpl
oy
e
r
,t
heac
t
ualandr
e
as
onabl
ec
os
tde
duc
t
i
ngandr
e
mi
t
t
i
ng
may
bec
ol
l
e
c
t
e
d.
"ART.59.Pr
i
mar
yLi
en.-Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onofanyl
awwi
t
ht
hec
ont
r
ar
y
,a
c
oope
r
at
i
v
es
hal
lhav
epr
i
mar
yl
i
e
nupont
hec
api
t
al
,de
pos
i
t
sori
nt
e
r
e
s
tofame
mbe
rf
orany
de
btduet
ot
hec
oope
r
at
i
v
ef
r
om s
uc
hame
mbe
r
.
"ART.60.TaxTr
eat
mentofCooper
at
i
v
e.-Dul
yr
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
sunde
rt
hi
sCodewhi
c
h
donott
r
ans
ac
tanybus
i
ne
s
swi
t
hnonme
mbe
r
sort
hege
ne
r
alpubl
i
cs
hal
lnotbes
ubj
e
c
tt
o
anyt
ax
e
sandf
e
e
si
mpos
e
dunde
rt
hei
nt
e
r
nalr
e
v
e
nuel
awsandot
he
rt
axl
aws
.Coope
r
at
i
v
e
s
notf
al
l
i
ngunde
rt
hi
sar
t
i
c
l
es
hal
lbegov
e
r
ne
dbyt
hes
uc
c
e
e
di
ngs
e
c
t
i
on.
"ART.
61.TaxandOt
herEx
empt
i
ons
.Coope
r
at
i
v
e
st
r
ans
ac
t
i
ngbus
i
ne
s
swi
t
hbot
hme
mbe
r
s
andnonme
mbe
r
ss
hal
lnotbes
ubj
e
c
t
e
dt
ot
axont
he
i
rt
r
ans
ac
t
i
onswi
t
hme
mbe
r
s
.I
n
r
e
l
at
i
ont
ot
hi
s
,t
het
r
ans
ac
t
i
onsofme
mbe
r
swi
t
ht
hec
oope
r
at
i
v
es
hal
lnotbes
ubj
e
c
tt
oany
t
ax
e
sandf
e
e
s
,i
nc
l
udi
ngnotl
i
mi
t
e
dt
of
i
nalt
ax
e
sonme
mbe
r
s
’de
pos
i
t
sanddoc
ume
nt
ar
yt
ax
.
Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofanyl
aworr
e
gul
at
i
ont
ot
hec
ont
r
ar
y
,s
uc
hc
oope
r
at
i
v
e
s
de
al
i
ngwi
t
hnonme
mbe
r
ss
hal
le
nj
oyt
hef
ol
l
owi
ngt
axe
x
e
mpt
i
ons
:
"(
1)Coope
r
at
i
v
e
swi
t
hac
c
umul
at
e
dr
e
s
e
r
v
e
sandundi
v
i
de
dne
ts
av
i
ngsofnotmor
et
hanTe
n
mi
l
l
i
onpe
s
os(
P10,
000,
000.
00)s
hal
lbee
x
e
mptf
r
om al
lnat
i
onal
,c
i
t
y
,pr
ov
i
nc
i
al
,muni
c
i
pal
orbar
angayt
ax
e
sofwhat
e
v
e
rnameandnat
ur
e
.Suc
hc
oope
r
at
i
v
e
ss
hal
lbee
x
e
mptf
r
om
c
us
t
omsdut
i
e
s
,adv
anc
es
al
e
sorc
ompe
ns
at
i
ngt
ax
e
sont
he
i
ri
mpor
t
at
i
onofmac
hi
ne
r
i
e
s
,
e
qui
pme
ntands
par
epar
t
sus
e
dbyt
he
m andwhi
c
har
enotav
ai
l
abl
el
oc
al
l
yac
e
r
t
i
f
i
e
dbyt
he
de
par
t
me
ntoft
r
adeandi
ndus
t
r
y(
DTI
)
.Al
lt
axf
r
e
ei
mpor
t
at
i
onss
hal
lnotbes
ol
dnort
he
be
ne
f
i
c
i
alowne
r
s
hi
pt
he
r
e
ofbet
r
ans
f
e
r
r
e
dt
oanype
r
s
onunt
i
laf
t
e
rf
i
v
e(
5)y
e
ar
s
,ot
he
r
wi
s
e
,
t
hec
oope
r
at
i
v
eandt
het
r
ans
f
e
r
e
eoras
s
i
gne
es
hal
lbes
ol
i
dar
i
l
yl
i
abl
et
opayt
wi
c
et
he
amountoft
hei
mpos
e
dt
axand/ordut
i
e
s
.
"(
2)Coope
r
at
i
v
e
swi
t
hac
c
umul
at
e
dr
e
s
e
r
v
e
sanddi
v
i
de
dne
ts
av
i
ngsofmor
et
hanTe
n
mi
l
l
i
onpe
s
os(
P10,
000,
000.
00)s
hal
lf
e
et
hef
ol
l
owi
ngt
ax
e
satt
hef
ul
lr
at
e
:
"(
a)I
nc
omeTax-Ont
heamountal
l
oc
at
e
df
ori
nt
e
r
e
s
tonc
api
t
al
s
:Pr
ov
i
de
d,Thatt
he
s
amet
axi
snotc
ons
e
que
nt
l
yi
mpos
e
doni
nt
e
r
e
s
ti
ndi
v
i
dual
l
yr
e
c
e
i
v
e
dbyme
mbe
r
s
:
Pr
ov
i
de
d,f
ur
t
he
r
,Thatc
oope
r
at
i
v
e
sr
e
gar
dl
e
s
sofc
l
as
s
i
f
i
c
at
i
on,ar
ee
x
e
mpti
nc
ome
t
axf
r
om t
hedat
eofr
e
gi
s
t
r
at
i
onwi
t
ht
heAut
hor
i
t
y
;
"(
b)Val
ue
Adde
dTax–Ont
r
ans
ac
t
i
onswi
t
hnonme
mbe
r
s
:Pr
ov
i
ded,howev
er
,That
c
oope
r
at
i
v
e
sdul
yr
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
y
;ar
ee
x
e
mptf
r
om t
hepay
me
ntof
v
al
ue
adde
dt
ax
;s
ubj
e
c
tt
oSe
c
t
i
on109,s
ubs
e
c
t
i
onsL
,M andNofRe
publ
i
cAc
tNo.
9337,t
heNat
i
onalI
nt
e
r
nalRe
v
e
nueCode
,asame
nde
d:Pr
ov
i
ded,Thatt
hee
x
e
mpt
t
r
ans
ac
t
i
onunde
rSe
c
t
i
on109(
L
)s
hal
li
nc
l
udes
al
e
smadebyc
oope
r
at
i
v
e
sdul
y
r
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
yor
gani
z
e
dandope
r
at
e
dbyi
t
sme
mbe
rt
ounde
r
t
aket
he
pr
oduc
t
i
onandpr
oc
e
s
s
i
ngofr
awmat
e
r
i
al
sorofgoodspr
oduc
e
dbyi
t
sme
mbe
r
si
nt
o
f
i
ni
s
he
dorpr
oc
e
s
spr
oduc
t
sf
ors
al
ebyt
hec
oope
r
at
i
v
et
oi
t
sme
mbe
r
sandnonme
mbe
r
s
:Pr
ov
i
ded,f
ur
t
her
,Thatanypr
oc
e
s
s
e
dpr
oduc
tori
t
sde
r
i
v
at
i
v
ear
i
s
i
ngf
r
om
t
her
awmat
e
r
i
al
spr
oduc
e
dbyi
t
sme
mbe
r
s
,s
ol
di
nt
he
nnameandf
ort
heac
c
ountof
t
hec
oope
r
at
i
v
e
:Pr
ov
i
ded,f
i
nal
l
y
,Thatatl
e
as
tt
we
nt
y
f
i
v
epe
rc
ent
um (
25%)oft
he
ne
ti
nc
omeoft
hec
oope
r
at
i
v
e
si
sr
e
t
ur
ne
dt
ot
heme
mbe
r
si
nt
hef
or
m ofi
nt
e
r
e
s
t
and/
orpat
r
onager
e
f
unds
;
"(
c
)Al
lot
he
rt
ax
e
sunl
e
s
sot
he
r
wi
s
epr
ov
i
de
dhe
r
e
i
n;and
"(
d)Donat
i
onst
oc
har
i
t
abl
e
,r
e
s
e
ar
c
hande
duc
at
i
onali
ns
t
i
t
ut
i
onsandr
e
i
nv
e
s
t
me
nt
t
os
oc
i
oe
c
onomi
cpr
oj
e
c
t
swi
t
hi
nt
hear
e
aofope
r
at
i
onoft
hec
oope
r
at
i
v
emaybet
ax
de
duc
t
i
bl
e
.
"(
3)Al
lc
oope
r
at
i
v
e
s
,r
e
gar
dl
e
s
soft
heamountofac
c
umul
at
e
dr
e
s
e
r
v
e
sandundi
v
i
de
dne
t
s
av
i
ngss
hal
lbee
x
e
mptf
r
om pay
me
ntofl
oc
alt
ax
e
sandt
ax
e
sont
r
ans
ac
t
i
onswi
t
hbanksand
i
ns
ur
anc
ec
ompani
e
s
:Pr
ov
i
ded,Thatal
ls
al
e
sors
e
r
v
i
c
e
sr
e
nde
r
e
df
ornonme
mbe
r
ss
hal
lbe
s
ubj
e
c
tt
ot
heappl
i
c
abl
epe
r
c
e
nt
aget
ax
e
ss
al
e
smadebypr
oduc
e
r
s
,mar
ke
t
i
ngors
e
r
v
i
c
e
c
oope
r
at
i
v
e
s
:Pr
ov
i
dedf
ur
t
her
,Thatnot
hi
ngi
nt
hi
sar
t
i
c
l
es
hal
lpr
e
c
l
udet
hee
x
ami
nat
i
onof
t
hebooksofac
c
ount
sorot
he
rac
c
ount
i
ngr
e
c
or
dsoft
hec
oope
r
at
i
v
ebydul
yaut
hor
i
z
e
d
i
nt
e
r
nalr
e
v
e
nueof
f
i
c
e
r
sf
ori
nt
e
r
nalr
e
v
e
nuet
axpur
pos
e
sonl
y
,af
t
e
rpr
e
v
i
ousaut
hor
i
z
at
i
on
byt
heAut
hor
i
t
y
.
"(
4)I
nar
e
aswhe
r
et
he
r
ear
enoav
ai
l
abl
enot
ar
i
e
spubl
i
c
,t
hej
udge
,e
x
e
r
c
i
s
i
nghi
se
x
of
f
i
c
i
oc
apac
i
t
yasnot
ar
ypubl
i
c
,s
hal
lr
e
nde
rs
e
r
v
i
c
e
,f
r
e
eofc
har
ge
,t
oanype
r
s
onorgr
oupof
pe
r
s
onsr
e
qui
r
i
ngt
headmi
ni
s
t
r
at
i
onofoat
hort
heac
knowl
e
dgme
ntofar
t
i
c
l
e
sof
c
oope
r
at
i
onandi
ns
t
r
ume
nt
sofl
oanf
r
om c
oope
r
at
i
v
e
snote
x
c
e
e
di
ngF
i
v
eHundr
e
dThous
and
Pe
s
os(
P500,
000.
00)
.
"(
5)Anyr
e
gi
s
t
e
rofde
e
dss
hal
lac
c
e
ptf
orr
e
gi
s
t
r
at
i
on,f
r
e
eofc
har
ge
,anyi
ns
t
r
ume
ntr
e
l
at
i
v
e
t
oal
oanmadeunde
rt
hi
sCodewhi
c
hdoe
snote
x
c
e
e
dTwoHundr
e
dF
i
f
t
yThous
andPe
s
os
(
P250,
000.
00)ort
hede
e
dsoft
i
t
l
eofanypr
ope
r
t
yac
qui
r
e
dbyt
hec
oope
r
at
i
v
eoranypape
r
ordoc
ume
ntdr
awni
nc
onne
c
t
i
onwi
t
hanyac
t
i
onbr
oughtbyt
hec
oope
r
at
i
v
eorwi
t
hany
c
our
tj
udgme
ntr
e
nde
r
e
di
ni
t
sf
av
ororanyi
ns
t
r
ume
ntr
e
l
at
i
v
et
oabondofanyac
c
ount
abl
e
of
f
i
c
e
rofac
oope
r
at
i
v
ef
ort
hef
ai
t
hf
ulpe
r
f
or
manc
eofhi
sdut
i
e
sandobl
i
gat
i
ons
.
"(
6)Coope
r
at
i
v
e
ss
hal
lbee
x
e
mptf
r
om t
hepay
me
ntofal
lc
our
tands
he
r
i
f
f
’
sf
e
e
spay
abl
et
o
t
hePhi
l
i
ppi
neGov
e
r
nme
ntf
orandi
nc
onne
c
t
i
onwi
t
hal
lac
t
i
onsbr
oughtunde
rt
hi
sCode
,or
whe
r
es
uc
hac
t
i
onsi
sbr
oughtbyt
heAut
hor
i
t
ybe
f
or
et
hec
our
t
,t
oe
nf
or
c
et
hepay
me
ntof
obl
i
gat
i
onsc
ont
r
ac
t
e
di
nf
av
oroft
hec
oope
r
at
i
v
e
.
"(
7)Al
lc
oope
r
at
i
v
e
ss
hal
lbee
x
e
mptf
r
om put
t
i
ngupabondf
orbr
i
ngi
nganappe
alagai
ns
t
t
hede
c
i
s
i
onofani
nf
e
r
i
orc
our
torf
ors
e
e
ki
ngt
os
e
tas
i
deanyt
hi
r
dpar
t
yc
l
ai
m:Pr
ov
i
ded,
Thatac
e
r
t
i
f
i
c
at
i
onoft
heAut
hor
i
t
ys
howi
ngt
hatt
hene
tas
s
e
t
soft
hec
oope
r
at
i
v
ear
ei
n
e
x
c
e
s
soft
heamountoft
hebondr
e
qui
r
e
dbyt
hec
our
ti
ns
i
mi
l
arc
as
e
ss
hal
lbeac
c
e
pt
e
dby
t
hec
our
tasas
uf
f
i
c
i
e
ntbond.
"(
8)Anys
e
c
ur
i
t
yi
s
s
ue
dbyc
oope
r
at
i
v
e
ss
hal
lbee
x
e
mptf
r
om t
hepr
ov
i
s
i
onsoft
heSe
c
ur
i
t
i
e
s
Ac
tpr
ov
i
de
ds
uc
hs
e
c
ur
i
t
ys
hal
lnotbes
pe
c
ul
at
i
v
e
.
"ART.62.Pr
i
v
i
l
egesofCooper
at
i
v
es
.–Coope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
sCode
,
not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofanyl
awt
ot
hec
ont
r
ar
y
,beal
s
oac
c
or
de
dt
hef
ol
l
owi
ng
pr
i
v
i
l
e
ge
s
:
"(
1)Coope
r
at
i
v
e
ss
hal
le
nj
oyt
hepr
i
v
i
l
e
geofde
pos
i
t
i
ngt
he
i
rs
e
al
e
dc
as
hbox
e
sor
c
ont
ai
ne
r
s
,doc
ume
nt
soranyv
al
uabl
epape
r
si
nt
hes
af
e
soft
hemuni
c
i
palorc
i
t
y
t
r
e
as
ur
e
r
sandot
he
rgov
e
r
nme
ntof
f
i
c
e
sf
r
e
eofc
har
ge
,andt
hec
us
t
odi
anofs
uc
h
ar
t
i
c
l
e
ss
hal
li
s
s
uear
e
c
e
i
ptac
knowl
e
dgi
ngt
hear
t
i
c
l
e
sr
e
c
e
i
v
e
ddul
ywi
t
ne
s
s
e
dby
anot
he
rpe
r
s
on;
"(
2)Coope
r
at
i
v
e
sor
gani
z
e
damonggov
e
r
nme
nte
mpl
oy
e
e
s
,not
wi
t
hs
t
andi
nganyl
aw
orr
e
gul
at
i
ont
ot
hec
ont
r
ar
y
,s
hal
le
nj
oyt
hef
r
e
eus
eofanyav
ai
l
abl
es
pac
ei
nt
he
i
r
age
nc
y
,whe
t
he
rowne
dorr
e
nt
e
dbyt
heGov
e
r
nme
nt
;
"(
3)Coope
r
at
i
v
e
sr
e
nde
r
i
ngs
pe
c
i
alt
y
pe
sofs
e
r
v
i
c
e
sandf
ac
i
l
i
t
i
e
ss
uc
hasc
ol
ds
t
or
age
,
i
c
epl
ant
,e
l
e
c
t
r
i
c
i
t
y
,t
r
ans
por
t
at
i
on,ands
i
mi
l
ars
e
r
v
i
c
e
sandf
ac
i
l
i
t
i
e
ss
hal
ls
e
c
ur
ea
f
r
anc
hi
s
et
he
r
e
f
or
e
,ands
uc
hc
oope
r
at
i
v
e
ss
hal
lope
nt
he
i
rme
mbe
r
s
hi
pt
oal
lpe
r
s
ons
qual
i
f
i
e
di
nt
he
i
rar
e
asofope
r
at
i
on;
"(
4)I
nar
e
aswhe
r
eappr
opr
i
at
ec
oope
r
at
i
v
e
se
x
i
s
t
,t
hepr
e
f
e
r
e
nt
i
alr
i
ghtt
os
uppl
y
gov
e
r
nme
nti
ns
t
i
t
ut
i
onsandage
nc
i
e
sr
i
c
e
,c
or
nandot
he
rgr
ai
ns
,f
i
s
handot
he
r
mar
i
nepr
oduc
t
s
,me
at
,e
ggs
,mi
l
k,v
e
ge
t
abl
e
s
,t
obac
c
oandot
he
ragr
i
c
ul
t
ur
al
c
ommodi
t
i
e
spr
oduc
e
dbyt
he
i
rme
mbe
r
ss
hal
lbegr
ant
e
dt
ot
hec
oope
r
at
i
v
e
s
c
onc
e
r
ne
d;
"(
5)Pr
e
f
e
r
e
nt
i
alt
r
e
at
me
nti
nt
heal
l
oc
at
i
onoff
e
r
t
i
l
i
z
e
r
s
,i
nc
l
udi
ngs
e
e
dsandot
he
r
agr
i
c
ul
t
ur
ali
nput
sandi
mpl
e
me
nt
s
,andi
nr
i
c
edi
s
t
r
i
but
i
ons
hal
lbegr
ant
e
dt
o
c
oope
r
at
i
v
e
sbyt
heappr
opr
i
at
egov
e
r
nme
ntage
nc
i
e
s
;
"(
6)Pr
e
f
e
r
e
nt
i
alande
qui
t
abl
et
r
e
at
me
nti
nt
heal
l
oc
at
i
onorc
ont
r
olofbot
t
omr
i
e
sof
c
omme
r
c
i
als
hi
ppi
ngv
e
s
s
e
l
si
nc
onne
c
t
i
onwi
t
ht
hes
hi
pme
ntofgoodsandpr
oduc
t
s
ofc
oope
r
at
i
v
e
s
;
"(
7)Coope
r
at
i
v
e
sandt
he
i
rf
e
de
r
at
i
ons
,s
uc
hasf
ar
m andf
i
s
he
r
ypr
oduc
e
r
sand
s
uppl
i
e
r
s
,mar
ke
tv
e
ndor
sands
uc
hot
he
rc
oope
r
at
i
v
e
s
,whi
c
hhav
ef
ort
he
i
rpr
i
mar
y
pur
pos
et
hepr
oduc
t
i
onand/
ort
hemar
ke
t
i
ngofpr
oduc
t
sf
r
om agr
i
c
ul
t
ur
e
,f
i
s
he
r
i
e
s
ands
mal
le
nt
r
e
pr
e
ne
ur
i
ali
ndus
t
r
i
e
sandf
e
de
r
at
i
onst
he
r
e
of
,s
hal
lhav
epr
e
f
e
r
e
nt
i
al
r
i
ght
si
nt
hemanage
me
ntofpubl
i
cmar
ke
t
sand/
orl
e
as
eofpubl
i
cmar
ke
tf
ac
i
l
i
t
i
e
s
,
s
t
al
l
sors
pac
e
s
:Pr
ov
i
ded,Thatt
he
s
er
i
ght
ss
hal
lonl
ybeut
i
l
i
z
e
de
x
c
l
us
i
v
e
l
yby
c
oope
r
at
i
v
e
s
:Pr
ov
i
ded,f
ur
t
her
,Thatnoc
oope
r
at
i
v
ef
or
mi
ngaj
oi
ntv
e
nt
ur
e
,
par
t
ne
r
s
hi
poranyot
he
rs
i
mi
l
arar
r
ange
me
ntwi
t
hanonc
oope
r
at
i
v
ee
nt
i
t
yc
an
ut
i
l
i
z
et
he
s
er
i
ght
s
;
"(
8)Coope
r
at
i
v
e
se
ngage
di
nc
r
e
di
ts
e
r
v
i
c
e
sand/
orf
e
de
r
at
i
onss
hal
lbee
nt
i
t
l
e
dt
o
l
oansc
r
e
di
tl
i
ne
s
,r
e
di
s
c
ount
i
ngoft
he
i
rl
oannot
e
s
,andot
he
re
l
i
gi
bl
epape
r
swi
t
ht
he
De
v
e
l
opme
ntBankoft
hePhi
l
i
ppi
ne
s
,t
heL
andBankoft
hePhi
l
i
ppi
ne
sandot
he
r
f
i
nanc
i
ali
ns
t
i
t
ut
i
onse
x
c
e
ptt
heBangkoSe
nt
r
alngPi
l
i
pi
nas(
BSP)
;
"ThePhi
l
i
ppi
neDe
pos
i
tI
ns
ur
anc
eCor
por
at
i
on(
PDI
C)andot
he
rgov
e
r
nme
nt
age
nc
i
e
s
,gov
e
r
nme
nt
owne
dandc
ont
r
ol
l
e
dc
or
por
at
i
onsandgov
e
r
nme
ntf
i
nanc
i
al
i
ns
t
i
t
ut
i
onss
hal
lpr
ov
i
det
e
c
hni
c
alas
s
i
s
t
anc
et
or
e
gi
s
t
e
r
e
dnat
i
onalf
e
de
r
at
i
onsand
uni
onsofc
oope
r
at
i
v
e
swhi
c
hhav
es
i
gni
f
i
c
ante
ngage
me
nti
ns
av
i
ngsandc
r
e
di
t
ope
r
at
i
onsi
nor
de
rf
ort
he
s
ef
e
de
r
at
i
onsanduni
onst
oe
s
t
abl
i
s
hand/
ors
t
r
e
ngt
he
n
t
he
i
rownaut
onomousc
oope
r
at
i
v
ede
pos
i
ti
ns
ur
anc
es
y
s
t
e
ms
;
"(
9)Apubl
i
ct
r
ans
por
ts
e
r
v
i
c
ec
oope
r
at
i
v
emaybee
nt
i
t
l
e
dt
of
i
nanc
i
ngs
uppor
tf
or
t
heac
qui
s
i
t
i
onand/
ormai
nt
e
nanc
eofl
andands
e
at
r
ans
por
te
qui
pme
nt
,f
ac
i
l
i
t
i
e
s
andpar
t
st
hr
ought
hepr
ogr
am oft
hegov
e
r
nme
ntf
i
nanc
i
ali
ns
t
i
t
ut
i
ons
.I
ts
hal
lhav
e
t
hepr
e
f
e
r
e
nt
i
alr
i
ghtt
ot
hemanage
me
ntandope
r
at
i
onofpubl
i
ct
e
r
mi
nal
sandpor
t
s
whe
t
he
rl
andors
e
at
r
ans
por
twhe
r
et
hec
oope
r
at
i
v
eope
r
at
e
sandons
e
c
ur
i
nga
f
r
anc
hi
s
ef
orac
t
i
v
eorpot
e
nt
i
alr
out
e
sf
ort
hepubl
i
ct
r
ans
por
t
;
"(
10)Coope
r
at
i
v
e
st
r
ans
ac
t
i
ngbus
i
ne
s
swi
t
ht
heGov
e
r
nme
ntoft
hePhi
l
i
ppi
ne
sor
anyofi
t
spol
i
t
i
c
als
ubdi
v
i
s
i
onsoranyofi
t
sage
nc
i
e
sori
ns
t
r
ume
nt
al
i
t
i
e
s
,i
nc
l
udi
ng
gov
e
r
nme
nt
owne
dandc
ont
r
ol
l
e
dc
or
por
at
i
onss
hal
lbee
x
e
mptf
r
om
pr
e
qual
i
f
i
c
at
i
onbi
ddi
ngr
e
qui
r
e
me
nt
snot
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofRe
publ
i
cAc
t
No.
9184,ot
he
r
wi
s
eknownas
,t
heGov
e
r
nme
ntPr
oc
ur
e
me
ntAc
t
;
"(
11)Coope
r
at
i
v
es
hal
le
nj
oyt
hepr
i
v
i
l
e
geofbe
i
ngr
e
pr
e
s
e
nt
e
dbyt
hepr
ov
i
nc
i
alor
c
i
t
yf
i
s
c
alort
heOf
f
i
c
eoft
heSol
i
c
i
t
orGe
ne
r
al
,f
r
e
eofc
har
ge
,e
x
c
e
ptwhe
nt
he
adv
e
r
s
epar
t
yi
st
heRe
publ
i
coft
hePhi
l
i
ppi
ne
s
;
"(
12)Coope
r
at
i
v
e
sor
gani
z
e
dbyf
ac
ul
t
yme
mbe
r
sande
mpl
oy
e
e
sofe
duc
at
i
onal
i
ns
t
i
t
ut
i
onss
hal
lhav
et
hepr
e
f
e
r
e
nt
i
alr
i
ghti
nt
hemanage
me
ntoft
hec
ant
e
e
nand
ot
he
rs
e
r
v
i
c
e
sr
e
l
at
e
dt
ot
heope
r
at
i
onoft
hee
duc
at
i
onali
ns
t
i
t
ut
i
onwhe
r
et
he
yar
e
e
mpl
oy
e
d:Pr
ov
i
de
d,Thats
uc
hs
e
r
v
i
c
e
sar
eope
r
at
e
dwi
t
hi
nt
hepr
e
mi
s
e
soft
hes
ai
d
e
duc
at
i
onali
ns
t
i
t
ut
i
on;and
"(
13)Theappr
opr
i
at
ehous
i
ngage
nc
i
e
sandgov
e
r
nme
ntf
i
nanc
i
ali
ns
t
i
t
ut
i
onss
hal
l
c
r
e
at
eas
pe
c
i
alwi
ndowf
orf
i
nanc
i
nghous
i
ngpr
oj
e
c
t
sunde
r
t
ake
nbyc
oope
r
at
i
v
e
s
,
wi
t
hi
nt
e
r
e
s
tr
at
e
sandt
e
r
mse
qualt
o,orbe
t
t
e
rt
hant
hos
egi
v
e
nf
ors
oc
i
al
i
z
e
d
hous
i
ngpr
oj
e
c
t
s
.Thi
sf
i
nanc
i
ngs
hal
lbei
nt
hef
or
m ofbl
anke
tl
oansorl
ongt
e
r
m
whol
e
s
al
el
oanst
oqual
i
f
i
e
dc
oope
r
at
i
v
e
s
,wi
t
houtne
e
df
ori
ndi
v
i
dualpr
oc
e
s
s
i
ng.
"TheAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
heappr
opr
i
at
egov
e
r
nme
ntage
nc
i
e
sand
c
onc
e
r
ne
dc
oope
r
at
i
v
es
e
c
t
or
,s
hal
li
s
s
uer
ul
e
sandr
e
gul
at
i
onsonal
lmat
t
e
r
s
c
onc
e
r
ni
nghous
i
ngc
oope
r
at
i
v
e
s
.
"
SEC.6.Ar
t
i
c
l
e64ofChapt
e
rVIonI
ns
ol
v
e
nc
yofCoope
r
at
i
v
e
soft
hes
ameCodei
she
r
e
byr
e
numbe
r
e
d
andame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERVI
I
NSOL
VENCYOFCOOPERATI
VES
"ART.63.Pr
oc
eedi
ngUponI
ns
ol
v
enc
y
.
-I
nc
as
eac
oope
r
at
i
v
ei
sunabl
et
of
ul
f
i
l
li
t
sobl
i
gat
i
ons
t
oc
r
e
di
t
or
sduet
oi
ns
ol
v
e
nc
y
,s
uc
hc
oope
r
at
i
v
emayappl
yf
ors
uc
hr
e
me
di
e
sasi
tmayde
e
m
f
i
tunde
rt
hepr
ov
i
s
i
onsofAc
tNo.1956,asame
nde
d,ot
he
r
wi
s
eknownast
heI
ns
ol
v
e
nc
yL
aw.
"Not
hi
ngi
nt
hi
sAr
t
i
c
l
e
,howe
v
e
r
,pr
e
c
l
ude
sc
r
e
di
t
or
sf
r
om s
e
e
ki
ngpr
ot
e
c
t
i
onf
r
om s
ai
d
i
ns
ol
v
e
nc
yl
aw.
"
SEC.7.Ar
t
i
c
l
e
s65,66.67,68,69,70and71ofChapt
e
rVI
IonDi
s
s
ol
ut
i
onofCoope
r
at
i
v
e
soft
hes
ame
Codear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERVI
I
DI
SSOL
UTI
ONOFCOOPERATI
VES
"ART.64.Vol
unt
ar
yDi
s
s
ol
ut
i
onWher
enoCr
edi
t
or
sar
eAf
f
ec
t
ed.–I
ft
hedi
s
s
ol
ut
i
onofa
c
oope
r
at
i
v
edoe
snotpr
e
j
udi
c
et
her
i
ght
sofanyc
r
e
di
t
orhav
i
ngac
l
ai
m agai
ns
ti
t
,t
he
di
s
s
ol
ut
i
onmaybeaf
f
e
c
t
e
dbyamaj
or
i
t
yv
ot
eoft
heboar
dofdi
r
e
c
t
or
s
,andbyar
e
s
ol
ut
i
on
dul
yadopt
e
dbyt
heaf
f
i
r
mat
i
v
ev
ot
eofatl
e
as
tt
hr
e
e
f
our
t
hs(
3/
4)ofal
lt
heme
mbe
r
swi
t
h
v
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um atame
e
t
i
ngt
obehe
l
duponc
al
loft
he
di
r
e
c
t
or
s
:Pr
ov
i
ded,Thatt
henot
i
c
eoft
i
me
,pl
ac
eandobj
e
c
toft
heme
e
t
i
ngs
hal
lbe
publ
i
s
he
df
ort
hr
e
e(
3)c
ons
e
c
ut
i
v
ewe
e
ksi
nane
ws
pape
rpubl
i
s
he
di
nt
hepl
ac
ewhe
r
et
he
pr
i
nc
i
palof
f
i
c
eofs
ai
dc
oope
r
at
i
v
ei
sl
oc
at
e
d,ori
fnone
ws
pape
ri
spubl
i
s
he
di
ns
uc
hpl
ac
e
,i
n
ane
ws
pape
rofge
ne
r
alc
i
r
c
ul
at
i
oni
nt
hePhi
l
i
ppi
ne
s
:Pr
ov
i
ded,f
ur
t
her
,Thatt
henot
i
c
eof
s
uc
hme
e
t
i
ngi
ss
e
ntt
oe
ac
hme
mbe
rofr
e
c
or
de
i
t
he
rbyr
e
gi
s
t
e
r
e
dmai
lorbype
r
s
onal
de
l
i
v
e
r
yatl
e
as
tt
hi
r
t
y(
30)day
spr
i
ort
os
ai
dme
e
t
i
ng.Ac
opyoft
her
e
s
ol
ut
i
onaut
hor
i
z
i
ng
t
hedi
s
s
ol
ut
i
ons
hal
lbec
e
r
t
i
f
i
e
dt
obyamaj
or
i
t
yoft
heboar
dofdi
r
e
c
t
or
sandc
ount
e
r
s
i
gne
d
byt
heboar
ds
e
c
r
e
t
ar
y
.TheAut
hor
i
t
ys
hal
lt
he
r
e
uponi
s
s
uet
hec
e
r
t
i
f
i
c
at
eofdi
s
s
ol
ut
i
on.
"ART.65.Vol
unt
ar
yDi
s
s
ol
ut
i
onWher
eCr
edi
t
or
sAr
eAf
f
ec
t
ed.–Wher
et
hedi
s
s
ol
ut
i
onofa
c
oope
r
at
i
v
emaypr
e
j
udi
c
et
her
i
ght
sofanyc
r
e
di
t
or
,t
hepe
t
i
t
i
onf
ordi
s
s
ol
ut
i
ons
hal
lbef
i
l
e
d
wi
t
ht
heAut
hor
i
t
y
.Thepe
t
i
t
i
ons
hal
lbes
i
gne
dbyamaj
or
i
t
yofi
t
sboar
dordi
r
e
c
t
or
sorot
he
r
of
f
i
c
e
r
smanagi
ngi
t
saf
f
ai
r
s
,v
e
r
i
f
i
e
dbyi
t
sc
hai
r
pe
r
s
onorboar
ds
e
c
r
e
t
ar
yoroneofi
t
s
di
r
e
c
t
or
sands
hal
ls
e
tf
or
t
hal
lc
l
ai
msandde
mandsagai
ns
ti
tandt
hati
t
sdi
s
s
ol
ut
i
onwas
r
e
s
ol
v
e
duponbyt
heaf
f
i
r
mat
i
v
ev
ot
eofatl
e
as
tt
hr
e
e
f
our
t
hs(
3/
4)ofal
lt
heme
mbe
r
swi
t
h
v
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um atame
e
t
i
ngc
al
l
e
df
ort
hatpur
pos
e
.
"I
ft
hepe
t
i
t
i
oni
ss
uf
f
i
c
i
e
nti
nf
or
m ands
ubs
t
anc
e
,t
heAut
hor
i
t
ys
hal
li
s
s
ueanor
de
rr
e
c
i
t
i
ng
t
hepur
pos
eoft
hepe
t
i
t
i
onands
hal
lf
i
xadat
ewhi
c
hs
hal
lnotbel
e
s
st
hant
hi
r
t
y(
30)nor
mor
et
hans
i
x
t
y(
60)day
saf
t
e
rt
hee
nt
r
yoft
heor
de
r
.Be
f
or
es
uc
hdat
e
,ac
opyoft
heor
de
r
s
hal
lbepubl
i
s
he
datl
e
as
tonc
eawe
e
kf
ort
hr
e
e(
3)c
ons
e
c
ut
i
v
ewe
e
ksi
nane
ws
pape
rof
ge
ne
r
alc
i
r
c
ul
at
i
onpubl
i
s
he
di
nt
hemuni
c
i
pal
i
t
yorc
i
t
ywhe
r
et
hepr
i
nc
i
palof
f
i
c
eoft
he
c
oope
r
at
i
v
ei
ss
i
t
uat
e
dori
nt
heabs
e
nc
eofs
uc
hl
oc
alne
ws
pape
r
,i
nane
ws
pape
rofge
ne
r
al
c
i
r
c
ul
at
i
oni
nt
hePhi
l
i
ppi
ne
s
,andac
opys
hal
ll
i
ke
wi
s
ebepos
t
e
df
ort
hr
e
e(
3)c
ons
e
c
ut
i
v
e
we
e
ksi
nt
hr
e
e(
3)publ
i
cpl
ac
e
si
nt
hemuni
c
i
pal
i
t
yorc
i
t
ywhe
r
et
hec
oope
r
at
i
v
e
’
sof
f
i
c
ei
s
l
oc
at
e
d.
"Upone
x
pi
r
yoft
hef
i
v
e(
5)daynot
i
c
et
of
i
l
eobj
e
c
t
i
ons
,t
heAut
hor
i
t
ys
hal
lpr
oc
e
e
dt
ohe
ar
t
hepe
t
i
t
i
onandt
r
yanyi
s
s
uer
ai
s
e
di
nt
heobj
e
c
t
i
onf
i
l
e
d;andi
ft
heobj
e
c
t
i
oni
ss
uf
f
i
c
i
e
nt
andt
hemat
e
r
i
alal
l
e
gat
i
onsoft
hepe
t
i
t
i
onar
epr
ov
e
n,i
ts
hal
li
s
s
ueanor
de
rt
odi
s
s
ol
v
et
he
c
oope
r
at
i
v
eanddi
r
e
c
tt
hedi
s
pos
i
t
i
onofi
t
sas
s
e
t
si
nac
c
or
danc
ewi
t
he
x
i
s
t
i
ngr
ul
e
sand
r
e
gul
at
i
ons
.Theor
de
rofdi
s
s
ol
ut
i
ons
hal
ls
e
tf
or
t
ht
he
r
e
i
n:
"(
1)Theas
s
e
t
sandl
i
abi
l
i
t
i
e
soft
hec
oope
r
at
i
v
e
;
"(
2)Thec
l
ai
m ofanyc
r
e
di
t
or
;
"(
3)Thenumbe
rofme
mbe
r
s
;and
"(
4)Thenat
ur
eande
x
t
e
ndoft
hei
nt
e
r
e
s
t
soft
heme
mbe
r
soft
hec
oope
r
at
i
v
e
.
"ART.66.I
nv
ol
unt
ar
yDi
s
s
ol
ut
i
on.–Ac
oope
r
at
i
v
emaybedi
s
s
ol
v
e
dbyor
de
rofac
ompe
t
e
nt
c
our
taf
t
e
rduehe
ar
i
ngont
hegr
oundsof
:
"(
1)Vi
ol
at
i
onofanyl
aw,r
e
gul
at
i
onorpr
ov
i
s
i
onsofi
t
sby
l
aws
;or
"(
2)I
ns
ol
v
e
nc
y
.
"ART.67.Di
s
s
ol
ut
i
onbyOr
deroft
heAut
hor
i
t
y
.–TheAut
hor
i
t
ymays
us
pe
ndorr
e
v
oke
,af
t
e
r
duenot
i
c
eandhe
ar
i
ng,t
hec
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
onofac
oope
r
at
i
v
eonanyoft
hef
ol
l
owi
ng
gr
ounds
:
"(
1)Hav
i
ngobt
ai
ne
di
t
sr
e
gi
s
t
r
at
i
onbyf
r
aud;
"(
2)Ex
i
s
t
i
ngf
orani
l
l
e
galpur
pos
e
;
"(
3)Wi
l
l
f
ulv
i
ol
at
i
on,de
s
pi
t
enot
i
c
ebyt
heAut
hor
i
t
y
,oft
hepr
ov
i
s
i
onsoft
hi
sCode
ori
t
sby
l
aws
;
"(
4)Wi
l
l
f
ulf
ai
l
ur
et
oope
r
at
eonac
oope
r
at
i
v
ebas
i
s
;and
"(
5)F
ai
l
ur
et
ome
e
tt
her
e
qui
r
e
dmi
ni
mum numbe
rofme
mbe
r
si
nt
hec
oope
r
at
i
v
e
.
"ART.68.Di
s
s
ol
ut
i
onbyFai
l
ur
et
oOr
gani
z
eandOper
at
e.
-I
fac
oope
r
at
i
v
ehasnot
c
omme
nc
e
dbus
i
ne
s
sandi
t
sope
r
at
i
onwi
t
hi
nt
wo(
2)y
e
ar
saf
t
e
rt
hei
s
s
uanc
eofi
t
s
c
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
onorhasnotc
ar
r
i
e
doni
t
sbus
i
ne
s
sf
ort
wo(
2)c
ons
e
c
ut
i
v
ey
e
ar
s
,t
he
Aut
hor
i
t
ys
hal
ls
e
ndaf
or
malnot
i
c
et
ot
hes
ai
dc
oope
r
at
i
v
et
os
howc
aus
east
oi
t
sf
ai
l
ur
et
o
ope
r
at
e
.F
ai
l
ur
eoft
hec
oope
r
at
i
v
et
opr
ompt
l
ypr
ov
i
dej
us
t
i
f
i
abl
ec
aus
ef
ori
t
sf
ai
l
ur
et
o
ope
r
at
es
hal
lwar
r
antt
heAut
hor
i
t
yt
ode
l
e
t
ei
t
snamef
r
om t
her
os
t
e
rofr
e
gi
s
t
e
r
e
d
c
oope
r
at
i
v
e
sands
hal
lbede
e
me
ddi
s
s
ol
v
e
d.
"ART.69.L
i
qui
dat
i
onofaCooper
at
i
v
e.–Ev
e
r
yc
oope
r
at
i
v
ewhos
ec
har
t
e
re
x
pi
r
e
sbyi
t
sown
l
i
mi
t
at
i
onorwhos
ee
x
i
s
t
e
nc
ei
st
e
r
mi
nat
e
dbyv
ol
unt
ar
ydi
s
s
ol
ut
i
onort
hr
oughan
appr
opr
i
at
ej
udi
c
i
alpr
oc
e
e
di
ngs
hal
lne
v
e
r
t
he
l
e
s
sc
ont
i
nuet
oe
x
i
s
tf
ort
hr
e
e(
3)y
e
ar
saf
t
e
r
t
het
i
mei
ti
sdi
s
s
ol
v
e
d;nott
oc
ont
i
nuet
hebus
i
ne
s
sf
orwhi
c
hi
twase
s
t
abl
i
s
he
dbutf
ort
he
pur
pos
eofpr
os
e
c
ut
i
ngandde
f
e
ndi
ngs
ui
t
sbyoragai
ns
ti
t
;s
e
t
t
l
e
me
ntandc
l
os
ur
eofi
t
s
af
f
ai
r
s
;di
s
pos
i
t
i
on,c
onv
e
y
anc
eanddi
s
t
r
i
but
i
onofi
t
spr
ope
r
t
i
e
sandas
s
e
t
s
.
"Atanyt
i
medur
i
ngt
hes
ai
dt
hr
e
e(
3)y
e
ar
s
,t
hec
oope
r
at
i
v
ei
saut
hor
i
z
e
dande
mpowe
r
e
dt
o
c
onv
e
yal
lofi
t
spr
ope
r
t
i
e
st
ot
r
us
t
e
e
sf
ort
hebe
ne
f
i
tofi
t
sme
mbe
r
s
,c
r
e
di
t
or
sandot
he
r
pe
r
s
onsi
ni
nt
e
r
e
s
t
.F
r
om andaf
t
e
ranys
uc
hc
onv
e
y
anc
e
,al
li
nt
e
r
e
s
t
swhi
c
ht
hec
oope
r
at
i
v
e
hadi
nt
hepr
ope
r
t
i
e
sar
et
e
r
mi
nat
e
d.
"Upont
hewi
ndi
ngupoft
hec
oope
r
at
i
v
eaf
f
ai
r
s
,anyas
s
e
tdi
s
t
r
i
but
abl
et
oanyc
r
e
di
t
or
,
s
har
e
hol
de
rorme
mbe
rwhoi
sunknownorc
annotbef
ounds
hal
lbegi
v
e
nt
ot
hef
e
de
r
at
i
on
oruni
ont
owhi
c
ht
hec
oope
r
at
i
v
ei
saf
f
i
l
i
at
e
dwi
t
h.
"Ac
oope
r
at
i
v
es
hal
lonl
ydi
s
t
r
i
but
ei
t
sas
s
e
t
sorpr
ope
r
t
i
e
suponl
awf
uldi
s
s
ol
ut
i
onandaf
t
e
r
pay
me
ntofal
li
t
sde
bt
sandl
i
abi
l
i
t
i
e
s
,e
x
c
e
pti
nt
hec
as
eofde
c
r
e
as
eofs
har
ec
api
t
aloft
he
c
oope
r
at
i
v
eandasot
he
r
wi
s
eal
l
owe
dbyt
hi
sCode
.
"ART.70.Rul
esandRegul
at
i
onsonLi
qui
dat
i
on.–TheAut
hor
i
t
ys
hal
li
s
s
uet
heappr
opr
i
at
e
i
mpl
e
me
nt
i
nggui
de
l
i
ne
sf
ort
hel
i
qui
dat
i
onofc
oope
r
at
i
v
e
s
.
"
SEC.8.Ar
t
i
c
l
e
s72,73,74,75,76,77,78,79and80ofChapt
e
rVI
I
IonCapi
t
al
,Pr
ope
r
t
y
,andF
undsof
t
hes
ameCodear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERVI
I
I
CAPI
TAL
,PROPERTY,ANDF
UNDS
"ART.71.Capi
t
al
.-Thec
api
t
al
i
z
at
i
onofc
oope
r
at
i
v
e
sandt
heac
c
ount
i
ngpr
oc
e
dur
e
ss
hal
lbe
gov
e
r
ne
dbyt
hepr
ov
i
s
i
onsoft
hi
sCodeandt
her
e
gul
at
i
onswhi
c
hs
hal
lbei
s
s
ue
d.
"ART.72.Capi
t
alSour
c
es
.
-Coope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodemayde
r
i
v
et
he
i
rc
api
t
al
f
r
om anyoral
loft
hef
ol
l
owi
ngs
our
c
e
s
:
"(
1)Me
mbe
r
’
ss
har
ec
api
t
al
;
"(
2)L
oansandbar
r
owi
ngsi
nc
l
udi
ngde
pos
i
t
s
;
"(
3)Re
v
ol
v
i
ngc
api
t
alwhi
c
hc
ons
i
s
t
soft
hede
f
e
r
r
e
dpay
me
ntofpat
r
onager
e
f
unds
,
ori
nt
e
r
e
s
tons
har
ec
api
t
al
;and
"(
4)Subs
i
di
e
s
,donat
i
ons
,l
e
gac
i
e
s
,gr
ant
s
,ai
dsands
uc
hot
he
ras
s
i
s
t
anc
ef
r
om any
l
oc
alorf
or
e
i
gni
ns
t
i
t
ut
i
onwhe
t
he
rpubl
i
corpr
i
v
at
e
:Pr
ov
i
ded,Thatc
api
t
alc
omi
ng
f
r
om s
uc
hs
ubs
i
de
s
,donat
i
ons
,l
e
gac
i
e
s
,gr
ant
s
,ai
dsandot
he
ras
s
i
s
t
anc
es
hal
lnotbe
di
v
i
de
di
nt
oi
ndi
v
i
duals
har
ec
api
t
alhol
di
ngsatanyt
i
mebuts
hal
li
ns
t
e
adf
or
m par
t
oft
hedonat
e
dc
api
t
alorf
undoft
hec
oope
r
at
i
v
e
.
"Upondi
s
s
ol
ut
i
on,s
uc
hdonat
e
dc
api
t
als
hal
lbes
ubj
e
c
tt
oe
s
c
he
at
.
"ART.73.L
i
mi
t
at
i
ononShar
eCapi
t
alHol
di
ngs
.
-Nome
mbe
rofpr
i
mar
yc
oope
r
at
i
v
eot
he
r
t
hanc
oope
r
at
i
v
ei
t
s
e
l
fs
hal
lownorhol
dmor
et
hant
e
npe
rc
ent
um (
10%)oft
hes
har
ec
api
t
al
oft
hec
oope
r
at
i
v
e
.
"Whe
r
eame
mbe
rofc
oope
r
at
i
v
edi
e
s
,hi
she
i
rs
hal
lbee
nt
i
t
l
e
dt
ot
hes
har
e
soft
he
de
c
e
de
nt
:Pr
ov
i
ded,Thatt
het
ot
als
har
ehol
di
ngoft
hehe
i
rdoe
snote
x
c
e
e
dt
e
npe
r
c
ent
um (
10%)oft
hes
har
ec
api
t
aloft
hec
oope
r
at
i
v
e
;Pr
ov
i
ded,f
ur
t
her
,Thatt
hehe
i
rqual
i
f
y
andi
sadmi
t
t
e
dasme
mbe
r
soft
hec
oope
r
at
i
v
e
:Pr
ov
i
dedf
i
nal
l
y,Thatwher
et
hehe
i
rf
ai
l
st
o
qual
i
f
yasame
mbe
rorwhe
r
ehi
st
ot
als
har
ehol
di
nge
x
c
e
e
dst
e
npe
rc
ent
um (
10%)oft
he
s
har
ec
api
t
al,t
hes
har
eors
har
e
se
x
c
e
s
swi
l
lr
e
v
e
r
tt
ot
hec
oope
r
at
i
v
euponpay
me
ntt
ot
he
he
i
roft
hev
al
ueofs
uc
hs
har
e
s
.
"ART.74.As
s
i
gnmentofShar
eCapi
t
alCont
r
i
but
i
onorI
nt
er
es
t
.
-Subj
e
c
tt
ot
hepr
ov
i
s
i
onsof
t
hi
sCode
,nome
mbe
rs
hal
lt
r
ans
f
e
rhi
ss
har
e
sori
nt
e
r
e
s
ti
nt
hec
oope
r
at
i
v
eoranypar
t
t
he
r
e
ofunl
e
s
s
.
"(
1)Hehashe
l
ds
uc
hs
har
ec
api
t
alc
ont
r
i
but
i
onori
nt
e
r
e
s
tf
ornotl
e
s
st
hanone(
1)
y
e
ar
.
"(
2)Theas
s
i
gnme
nti
smadet
ot
hec
oope
r
at
i
v
eort
oame
mbe
roft
hec
oope
r
at
i
v
eor
t
oape
r
s
onwhof
al
l
swi
t
hi
nt
hef
i
e
l
doft
heme
mbe
r
s
hi
poft
hec
oope
r
at
i
v
e
;and
"(
3)Theboar
dofdi
r
e
c
t
or
shasappr
ov
e
ds
uc
has
s
i
gnme
nt
.
"ART.
75.Capi
t
alBui
l
dUp.
-Teby
l
awsofe
v
e
r
yc
oope
r
at
i
v
es
hal
lbepr
ov
i
de
df
orar
e
as
onabl
e
andr
e
al
i
s
t
i
cme
mbe
rc
api
t
albui
l
duppr
ogr
am t
oal
l
owt
hec
ont
i
nui
nggr
owt
hoft
he
me
mbe
r
s
’i
nv
e
s
t
me
nti
nt
he
i
rc
oope
r
at
i
v
east
he
i
re
c
onomi
cc
ondi
t
i
onsc
ont
i
nuet
oi
mpr
ov
e
.
"ART.
76.Shar
es
.
-Thet
e
r
m "s
har
e
"r
e
f
e
r
st
oauni
tofc
api
t
ali
napr
i
mar
yc
oope
r
at
i
v
et
hepar
v
al
ueofwhi
c
hmaybef
i
x
e
dt
oanyf
i
gur
enotmor
et
hanOnet
hous
andpe
s
os(
P1,
000.
00)
.
Thes
har
eofc
api
t
alofac
oope
r
at
i
v
ei
st
hemone
ypai
dorr
e
qui
r
e
dt
obepai
df
ort
he
ope
r
at
i
onsoft
hec
oope
r
at
i
v
e
.Theme
t
hodf
ort
hei
s
s
uanc
eofs
har
ec
e
r
t
i
f
i
c
at
e
ss
hal
l
pr
e
s
c
r
i
be
di
ni
t
sby
l
aws
.
"ART.
77.F
i
nes
.-Theby
l
awsofac
oope
r
at
i
v
emaypr
e
s
c
r
i
beaf
i
neonunpai
ds
ubs
c
r
i
be
ds
har
e
c
api
t
al
.Pr
ov
i
de
d,t
hats
uc
hf
i
nei
sf
ai
randr
e
as
onabl
eunde
rt
hec
i
r
c
ums
t
anc
e
s
.
"ART.
78.I
nv
es
t
mentofCapi
t
al
.-Ac
oope
r
at
i
v
emayi
nv
e
s
ti
t
sc
api
t
ali
nanyoft
hef
ol
l
owi
ng:
"(
a)I
ns
har
e
sorde
be
nt
ur
e
sors
e
c
ur
i
t
i
e
sofanyot
he
rc
oope
r
at
i
v
e
;
"(
b)I
nanyr
e
put
abl
ebanki
nt
hel
oc
al
i
t
y
,oranyc
oope
r
at
i
v
e
;
"(
c
)I
ns
e
c
ur
i
t
i
e
si
s
s
ue
dorguar
ant
e
e
dbyt
heGov
e
r
nme
nt
;
"(
d)I
nr
e
als
t
at
epr
i
mar
i
l
yf
ort
heus
eoft
hec
oope
r
at
i
v
eori
t
sme
mbe
r
s
;or
"(
e
)I
nanyot
he
rmanne
raut
hor
i
z
e
di
nt
heby
l
aws
.
"ART.79.Re
v
ol
v
i
ngCapi
t
al
.–Thege
ne
r
alas
s
e
mbl
yofanyc
oope
r
at
i
v
emayaut
hor
i
z
et
he
boar
dofdi
r
e
c
t
or
st
or
ai
s
ear
e
v
ol
v
i
ngc
api
t
alt
os
t
r
e
ngt
he
ni
t
sc
api
t
als
t
r
uc
t
ur
ebyde
f
e
r
r
i
ng
t
hepay
me
ntofpat
r
onager
e
f
undsandi
nt
e
r
e
s
tons
har
ec
api
t
alorbyt
heaut
hor
i
z
e
d
de
duc
t
i
onofape
r
c
e
nt
agef
r
om t
hepr
oc
e
e
dsofpr
oduc
t
ss
ol
dors
e
r
v
i
c
e
sr
e
nde
r
e
d,orpe
runi
t
ofpr
oduc
tors
e
r
v
i
c
e
shandl
e
d.Theboar
dofdi
r
e
c
t
or
ss
hal
li
s
s
uer
e
v
ol
v
i
ngc
api
t
alc
e
r
t
i
f
i
c
at
e
s
wi
t
hs
e
r
i
alnumbe
r
,name
,amount
,andr
at
eofi
nt
e
r
e
s
tt
obepai
dands
hal
ldi
s
t
i
nc
t
l
ys
e
t
f
or
t
ht
het
i
meofr
e
t
i
r
e
me
ntofs
uc
hc
e
r
t
i
f
i
c
at
e
sandt
heamount
st
ober
e
t
ur
ne
d.
"
SEC.9.Ar
t
i
c
l
e
s81,82,83,84and85ofChapt
e
rI
XonAudi
t
,I
nqui
r
yandMe
mbe
r
s
’Ri
ghtt
oEx
ami
ne
oft
hes
ameCodear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
"ART.80.AnnualAudi
t
.–Coope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodes
hal
lbes
ubj
e
c
tt
oan
annualf
i
nanc
i
al
,pe
r
f
or
manc
eands
oc
i
alaudi
t
.Thef
i
nanc
i
alaudi
ts
hal
lbec
onduc
t
e
dbyan
e
x
t
e
r
nalaudi
t
orwhos
at
i
s
f
i
e
sal
lt
hef
ol
l
owi
ngqual
i
f
i
c
at
i
ons
:
"(
1)Hei
si
nde
pe
nde
ntoft
hec
oope
r
at
i
v
eoranyofi
t
ss
ubs
i
di
ar
yt
hathei
saudi
t
i
ng;
and
"(
2)Hei
same
mbe
ri
ngoods
t
andi
ngoft
hePhi
l
i
ppi
neI
ns
t
i
t
ut
eofCe
r
t
i
f
i
e
dPubl
i
c
Ac
c
ount
ant
s(
PI
CPA)andi
sac
c
r
e
di
t
e
dbybot
ht
heBoar
dandAc
c
ount
anc
yandt
he
Aut
hor
i
t
y
.
"Thes
oc
i
alaudi
ts
hal
lbec
onduc
t
e
dbyani
nde
pe
nde
nts
oc
i
alaudi
t
orac
c
r
e
di
t
e
dbyt
he
Aut
hor
i
t
y
.
"Pe
r
f
or
manc
eands
oc
i
alaudi
tr
e
por
t
swhi
c
hc
ont
ai
nt
hef
i
ndi
ngsandr
e
c
omme
ndat
i
onsof
t
heaudi
t
ors
hal
lbes
ubmi
t
t
e
dt
ot
heboar
dofdi
r
e
c
t
or
s
.
"TheAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
hec
oope
r
at
i
v
es
e
c
t
or
,s
hal
lpr
omul
gat
et
her
ul
e
sand
s
t
andar
dsf
ort
hes
oc
i
alaudi
tofc
oope
r
at
i
v
e
s
.
"ART.81.Audi
tRepor
t
.–Theaudi
t
ors
hal
ls
ubmi
tt
ot
heboar
dofdi
r
e
c
t
or
sandt
ot
heaudi
t
c
ommi
t
t
e
et
hef
i
nanc
i
alaudi
tr
e
por
twhi
c
hs
hal
lbei
nac
c
or
danc
ewi
t
ht
hege
ne
r
al
l
yac
c
e
pt
e
d
audi
t
i
ngs
t
andar
dsf
orc
oope
r
at
i
v
e
sasj
oi
nt
l
ypr
omul
gat
e
dbyt
hePhi
l
i
ppi
neI
ns
t
i
t
ut
eof
Ce
r
t
i
f
i
e
dPubl
i
cAc
c
ount
ant
s(
PI
CPA)andt
heAut
hor
i
t
y
.
"The
r
e
af
t
e
r
,t
heboar
dofdi
r
e
c
t
or
ss
hal
lpr
e
s
e
ntt
hec
ompl
e
t
eaudi
tr
e
por
tt
ot
hege
ne
r
al
as
s
e
mbl
yi
ni
t
sne
x
tme
e
t
i
ng.
"ART.82.Nonl
i
abi
l
i
t
yf
orDef
amat
i
ons
.–Theaudi
t
ori
snotl
i
abl
et
oanype
r
s
oni
nanac
t
i
on
f
orde
f
amat
i
onbas
e
donanyac
t
,done
,oranys
t
at
e
me
ntmadebyhi
mi
ngoodf
ai
t
hi
n
c
onne
c
t
i
onwi
t
hanymat
t
e
rhei
saut
hor
i
z
e
dorr
e
qui
r
e
dt
odopur
s
uantt
ot
hi
sCode
.
"ART.83.Ri
ghtt
oEx
ami
ne.–Amembers
hal
lhav
et
her
i
ghtt
oe
x
ami
net
her
e
c
or
dsr
e
qui
r
e
d
t
obeke
ptbyt
hec
oope
r
at
i
v
eunde
rAr
t
i
c
l
e52oft
hi
sCodedur
i
ngr
e
as
onabl
ehour
son
bus
i
ne
s
sday
sandhemayde
mand,i
nwr
i
t
i
ng,f
orac
opyofe
x
c
e
r
pt
sf
r
om s
ai
dr
e
c
or
ds
wi
t
houtc
har
gee
x
c
e
ptt
hec
os
tofpr
oduc
t
i
on.
"Anyof
f
i
c
e
roft
hec
oope
r
at
i
v
ewhos
hal
lr
e
f
us
et
oal
l
owanyme
mbe
roft
hec
oope
r
at
i
v
et
o
e
x
ami
neandc
opye
x
c
e
r
pt
sf
r
om i
t
sr
e
c
or
dss
hal
lbel
i
abl
et
os
uc
hme
mbe
rf
ordamage
sand
s
hal
lbegui
l
t
yofanof
f
e
ns
ewhi
c
hs
hal
lbepuni
s
habl
eunde
rAr
t
i
c
l
e140oft
hi
s
Code
:Pr
ov
i
ded,Thati
fs
uc
hr
e
f
us
ali
spur
s
uantt
oar
e
s
ol
ut
i
onoror
de
roft
heboar
dof
di
r
e
c
t
or
s
,t
hel
i
abi
l
i
t
yunde
rt
hi
sar
t
i
c
l
es
hal
lbei
mpos
e
dupont
hedi
r
e
c
t
or
swhov
ot
e
df
or
s
uc
hr
e
f
us
al
:Pr
ov
i
ded,f
ur
t
her
,Thati
ts
hal
lbeade
f
e
ns
et
oanyac
t
i
onunde
rt
hi
sar
t
i
c
l
et
hat
t
heme
mbe
rde
mandi
ngt
oe
x
ami
neandc
opye
x
c
e
r
pt
sf
r
om t
hec
oope
r
at
i
v
er
e
c
or
dshas
i
mpr
ope
r
l
yus
e
danyi
nf
or
mat
i
ons
e
c
ur
e
dt
hr
oughanypr
i
ore
x
ami
nat
i
onoft
her
e
c
or
dsof
s
uc
hc
oope
r
at
i
v
eorwasnotac
t
i
ngi
ngoodf
ai
t
horf
oral
e
gi
t
i
mat
epur
pos
ei
nmaki
nghi
s
de
mand.
"ART.84.Saf
et
yofRec
or
ds
.–Ev
e
r
yc
oope
r
at
i
v
es
hal
l
,ati
t
spr
i
nc
i
palof
f
i
c
e
,ke
e
pand
c
ar
e
f
ul
l
ypr
e
s
e
r
v
et
her
e
c
or
dsr
e
qui
r
e
dbyt
hi
sCodet
obepr
e
par
e
dandmai
nt
ai
ne
d.I
ts
hal
l
t
akeal
lne
c
e
s
s
ar
ypr
e
c
aut
i
ont
opr
e
v
e
nti
t
sl
os
s
,de
s
t
r
uc
t
i
onorf
al
s
i
f
i
c
at
i
on.
"
SEC.10.Ar
t
i
c
l
e
s86and87ofChapt
e
rXonAl
l
oc
at
i
onandDi
s
t
r
i
but
i
onofNe
tSur
pl
usoft
hes
ame
Codear
ehe
r
e
byr
e
numbe
r
e
dandame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERX
AL
L
OCATI
ONANDDI
STRI
BUTI
ONOFNETSURPL
US
"ART.85.Ne
tSur
pl
us
.–Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofe
x
i
s
t
i
ngl
aws
,t
hene
ts
ur
pl
usof
c
oope
r
at
i
v
e
ss
hal
lbede
t
e
r
mi
ne
di
nac
c
or
danc
ewi
t
hi
t
sby
l
aws
.Ev
e
r
yc
oope
r
at
i
v
es
hal
l
de
t
e
r
mi
nei
t
sne
ts
ur
pl
usatt
hec
l
os
eofe
v
e
r
yf
i
s
c
aly
e
arandats
uc
hot
he
rt
i
me
sasmaybe
pr
e
s
c
r
i
be
dbyt
heby
l
aws
.
"Anypr
ov
i
s
i
onofl
awt
ot
hec
ont
r
ar
ynot
wi
t
hs
t
andi
ng,t
hene
ts
ur
pl
uss
hal
lnotbec
ons
t
r
ue
d
aspr
of
i
tbutasane
x
c
e
s
sofpay
me
nt
smadebyt
heme
mbe
r
sf
ort
hel
oansbor
r
owe
d,ort
he
goodsands
e
r
v
i
c
e
sav
ai
l
e
dbyt
he
mf
r
om t
hec
oope
r
at
i
v
eort
hedi
f
f
e
r
e
nc
eoft
her
i
ght
f
ul
amountduet
ot
heme
mbe
r
sf
ort
he
i
rpr
oduc
t
ss
ol
dors
e
r
v
i
c
e
sr
e
nde
r
e
dt
ot
hec
oope
r
at
i
v
e
i
nc
l
udi
ngot
he
ri
nf
l
owsofas
s
e
t
sr
e
s
ul
t
i
ngf
r
om i
t
sot
he
rope
r
at
i
ngac
t
i
v
i
t
i
e
sandwhi
c
hs
hal
l
bede
e
me
dt
ohav
ebe
e
nr
e
t
ur
ne
dt
ot
he
mi
ft
hes
amei
sdi
s
t
r
i
but
e
daspr
e
s
c
r
i
be
dhe
r
e
i
n.
"ART.86.Or
derofDi
s
t
r
i
but
i
on.–Thenets
ur
pl
usofe
v
e
r
yc
oope
r
at
i
v
es
hal
lbedi
s
t
r
i
but
e
das
f
ol
l
ows
:
"(
1)Anamountf
ort
her
e
s
e
r
v
ef
undwhi
c
hs
hal
lbeatl
e
as
tt
e
npe
rc
ent
um (
10%)of
ne
ts
ur
pl
us
:Pr
ov
i
ded,That
,i
nt
hef
i
r
s
tf
i
v
e(
5)y
e
ar
sofope
r
at
i
onaf
t
e
rr
e
gi
s
t
r
at
i
on,
t
hi
samounts
hal
lnotbel
e
s
st
hanf
i
f
t
ype
rc
ent
um (
50%)oft
hene
ts
ur
pl
us
:
"(
a)Ther
e
s
e
r
v
ef
unds
hal
lbeus
e
df
ort
hes
t
abi
l
i
t
yoft
hec
oope
r
at
i
v
eandt
o
me
e
tne
tl
os
s
e
si
ni
t
sope
r
at
i
ons
.Thege
ne
r
alas
s
e
mbl
ymayde
c
r
e
as
et
he
amountal
l
oc
at
e
dt
ot
her
e
s
e
r
v
ef
undwhe
nt
her
e
s
e
r
v
ef
undal
r
e
adye
x
c
e
e
ds
t
hes
har
ec
api
t
al
.
"Anys
um r
e
c
ov
e
r
e
doni
t
e
mspr
e
v
i
ous
l
yc
har
ge
dt
ot
her
e
s
e
r
v
ef
unds
hal
lbe
c
r
e
di
t
e
dt
os
uc
hf
und.
"(
b)Ther
e
s
e
r
v
ef
unds
hal
lnotbeut
i
l
i
z
e
df
ori
nv
e
s
t
me
nt
,ot
he
rt
hant
hos
e
al
l
owe
di
nt
hi
sCode
.Suc
hs
um oft
her
e
s
e
r
v
ef
undi
ne
x
c
e
s
soft
hes
har
e
c
api
t
almaybeus
e
datany
t
i
mef
oranypr
oj
e
c
tt
hatwoul
de
x
pandt
he
ope
r
at
i
onsoft
hec
oope
r
at
i
v
eupont
her
e
s
ol
ut
i
onoft
hege
ne
r
alas
s
e
mbl
y
.
"(
c
)Upont
hedi
s
s
ol
ut
i
onoft
hec
oope
r
at
i
v
e
,t
her
e
s
e
r
v
ef
unds
hal
lnotbe
di
s
t
r
i
but
e
damongt
heme
mbe
r
s
.Thege
ne
r
alas
s
e
mbl
ymayr
e
s
ol
v
e
s
:
"(
i
)Toe
s
t
abl
i
s
haus
uf
r
uc
t
uar
yt
r
us
tf
undf
ort
hebe
ne
f
i
tofany
f
e
de
r
at
i
onoruni
ont
owhi
c
ht
hec
oope
r
at
i
v
ei
saf
f
i
l
i
at
e
d;and
"(
i
i
)Todonat
e
,c
ont
r
i
but
e
,orot
he
r
wi
s
edi
s
pos
eoft
heamountf
or
t
hebe
ne
f
i
toft
hec
ommuni
t
ywhe
r
et
hec
oope
r
at
i
v
eope
r
at
e
s
.I
ft
he
me
mbe
r
sc
annotde
c
i
deupont
hedi
s
pos
aloft
her
e
s
e
r
v
ef
und,t
he
s
ames
hal
lgot
ot
hef
e
de
r
at
i
onoruni
ont
owhi
c
ht
hec
oope
r
at
i
v
ei
s
af
f
i
l
i
at
e
d.
"(
2)Anamountf
ort
hee
duc
at
i
onandt
r
ai
ni
ngf
und,s
hal
lnotbemor
et
hant
e
npe
r
c
ent
um (
10%)oft
hene
ts
ur
pl
us
.Theby
l
awsmaypr
ov
i
det
hatc
e
r
t
ai
nf
e
e
sora
por
t
i
ont
he
r
e
ofbec
r
e
di
t
e
dt
os
uc
hf
und.Thef
unds
hal
lpr
ov
i
def
ort
het
r
ai
ni
ng,
de
v
e
l
opme
ntands
i
mi
l
arot
he
rc
oope
r
at
i
v
eac
t
i
v
i
t
i
e
sge
ar
e
dt
owar
dst
hegr
owt
hof
t
hec
oope
r
at
i
v
emov
e
me
nt
:
"(
a)Hal
foft
heamount
st
r
ans
f
e
r
r
e
dt
ot
hee
duc
at
i
onandt
r
ai
ni
ngf
und
annual
l
yunde
rt
hi
ss
ubs
e
c
t
i
ons
hal
lbes
pe
ntbyt
hec
oope
r
at
i
v
ef
ore
duc
at
i
on
andt
r
ai
ni
ngpur
pos
e
s
;whi
l
et
heot
he
rhal
fmayber
e
mi
t
t
e
dt
oauni
onor
f
e
de
r
at
i
onc
hos
e
nbyt
hec
oope
r
at
i
v
eorofwhi
c
hi
ti
same
mbe
r
.Thes
ai
d
uni
onorf
e
de
r
at
i
ons
hal
ls
ubmi
tt
ot
heAut
hor
i
t
yandt
oi
t
sc
ont
r
i
but
i
ng
c
oope
r
at
i
v
e
st
hef
ol
l
owi
ngs
c
he
dul
e
s
:
"(
i
)L
i
s
tofc
oope
r
at
i
v
e
swhi
c
hhav
er
e
mi
t
t
e
dt
he
i
rr
e
s
pe
c
t
i
v
e
Coope
r
at
i
v
eEduc
at
i
onandTr
ai
ni
ngF
unds(
CETF
)
;
"(
i
i
)Bus
i
ne
s
sc
ons
ul
t
anc
yas
s
i
s
t
anc
et
oi
nc
l
udet
henat
ur
eandc
os
t
;
and
"(
i
i
i
)Ot
he
rt
r
ai
ni
ngac
t
i
v
i
t
i
e
sunde
r
t
ake
ns
pe
c
i
f
y
i
ngt
he
r
e
i
nt
he
nat
ur
e
,par
t
i
c
i
pant
sandc
os
tofe
ac
hac
t
i
v
i
t
y
.
"(
b)Upont
hedi
s
s
ol
ut
i
onoft
hec
oope
r
at
i
v
e
,t
heune
x
pe
nde
dbal
anc
eoft
he
e
duc
at
i
onandt
r
ai
ni
ngf
undappe
r
t
ai
ni
ngt
ot
hec
oope
r
at
i
v
es
hal
lbec
r
e
di
t
e
d
t
ot
hec
oope
r
at
i
v
ee
duc
at
i
onandt
r
ai
ni
ngf
undoft
hec
hos
e
nuni
onor
f
e
de
r
at
i
on.
"(
3)Anamountf
ort
hec
ommuni
t
yde
v
e
l
opme
ntf
und,whi
c
hs
hal
lnotbel
e
s
st
han
t
hr
e
epe
rc
ent
um(
3%)oft
hene
ts
ur
pl
us
.Thec
ommuni
t
yde
v
e
l
opme
ntf
unds
hal
lbe
us
e
df
orpr
oj
e
c
t
sorac
t
i
v
i
t
i
e
st
hatwi
l
lbe
ne
f
i
tt
hec
ommuni
t
ywhe
r
et
hec
oope
r
at
i
v
e
ope
r
at
e
s
.
"(
4)Anopt
i
onalf
und,al
andandbui
l
di
ng,andanyot
he
rne
c
e
s
s
ar
yf
undt
het
ot
alof
whi
c
hs
hal
lnote
x
c
e
e
ds
e
v
e
npe
rc
ent
um (
7%)
.
"(
5)Ther
e
mai
ni
ngne
ts
ur
pl
uss
hal
lbemadeav
ai
l
abl
et
ot
heme
mbe
r
si
nt
hef
or
m of
i
nt
e
r
e
s
tons
har
ec
api
t
alnott
oe
x
c
e
e
dt
henor
malr
at
eofr
e
t
ur
nouri
nv
e
s
t
me
nt
sand
pat
r
onager
e
f
unds
:Pr
ov
i
ded,Thatanyamountr
e
mai
ni
ngaf
t
e
rt
heal
l
owabl
ei
nt
e
r
e
s
t
andt
hepat
r
onager
e
f
undhav
ebe
e
nde
duc
t
e
ds
hal
lbec
r
e
di
t
e
dt
ot
her
e
s
e
r
v
ef
und.
"Thes
um al
l
oc
at
e
df
orpat
r
onager
e
f
undss
hal
lbemadeav
ai
l
abl
eatt
hes
amer
at
et
oal
l
pat
r
onsoft
hec
oope
r
at
i
v
ei
npr
opor
t
i
ont
ot
he
i
ri
ndi
v
i
dualpat
r
onage
:Pr
ov
i
ded,That
:
"(
a)I
nt
hec
as
eofame
mbe
rpat
r
onwi
t
hpai
dups
har
ec
api
t
alc
ont
r
i
but
i
on,hi
s
pr
opor
t
i
onat
eamountofpat
r
onager
e
f
unds
hal
lbepai
dt
ohi
m unl
e
s
sheagr
e
e
st
o
c
r
e
di
tt
heamountt
ohi
sac
c
ountasaddi
t
i
onals
har
ec
api
t
alc
ont
r
i
but
i
on;
"(
b)I
nt
hec
as
eofame
mbe
rpat
r
onwi
t
hunpai
ds
har
ec
api
t
alc
ont
r
i
but
i
on,hi
s
pr
opor
t
i
onat
eamountofpat
r
onager
e
f
unds
hal
lbec
r
e
di
t
e
dt
ohi
sac
c
ountunt
i
lhi
s
ac
c
ountunt
i
lhi
ss
har
ec
api
t
alc
ont
r
i
but
i
onhasbe
e
nf
ul
l
ypai
d;
"(
c
)I
nt
hec
as
eofanonme
mbe
rpat
r
on,hi
spr
opor
t
i
onat
eamountofpat
r
onage
r
e
f
unds
hal
lbes
e
tas
i
dei
nage
ne
r
alf
undf
ors
uc
hpat
r
onsands
hal
lbeal
l
oc
at
e
dt
o
i
ndi
v
i
dualnonme
mbe
rpat
r
onsonl
yuponr
e
que
s
tandpr
e
s
e
nt
at
i
onofe
v
i
de
nc
eof
t
heamountofhi
spat
r
onage
.Theamounts
oal
l
oc
at
e
ds
hal
lbec
r
e
di
t
e
dt
os
uc
h
pat
r
ont
owar
dpay
me
ntoft
hemi
ni
mum c
api
t
alc
ont
r
i
but
i
onf
orme
mbe
r
s
hi
p.Whe
n
as
um e
qualt
ot
hi
samounthasac
c
umul
at
e
datanyt
i
mewi
t
hi
nape
r
i
ods
pe
c
i
f
i
e
di
n
t
heby
l
aws
,s
uc
hpat
r
ons
hal
lbede
e
me
dandbe
c
omeame
mbe
roft
hec
oope
r
at
i
v
ei
f
hes
oagr
e
e
sorr
e
que
s
t
sandc
ompl
i
e
swi
t
ht
hepr
ov
i
s
i
onsoft
heby
l
awsf
oradmi
s
s
i
on
t
ome
mbe
r
s
hi
p;and
"(
d)I
fwi
t
hi
nanype
r
i
odoft
i
mes
pe
c
i
f
i
e
di
nt
heby
l
aws
,anys
ubs
c
r
i
be
rwhohasnot
f
ul
l
ypai
dhi
ss
ubs
c
r
i
be
ds
har
ec
api
t
aloranynonme
mbe
rpat
r
onwhohas
ac
c
umul
at
e
dt
hes
um ne
c
e
s
s
ar
yf
orme
mbe
r
s
hi
pbutwhodoe
snotr
e
que
s
tnoragr
e
e
t
obe
c
omeame
mbe
rorf
ai
l
st
oc
ompl
ywi
t
ht
hepr
ov
i
s
i
onsoft
heby
l
awsf
or
admi
s
s
i
ont
ome
mbe
r
s
hi
p,t
heamounts
oac
c
umul
at
e
dorc
r
e
di
t
e
dt
ot
he
i
rac
c
ount
t
oge
t
he
rwi
t
hanypar
toft
hege
ne
r
alf
undf
ornonme
mbe
rpat
r
onss
hal
lbec
r
e
di
t
e
d
t
ot
her
e
s
e
r
v
ef
undort
ot
hee
duc
at
i
onandt
r
ai
ni
ngf
undoft
hec
oope
r
at
i
v
e
,att
he
opt
i
onoft
hec
oope
r
at
i
v
e
.
"
SEC.11.Ar
t
i
c
l
e
s88,89,90,91,92,93,94and95ofChapt
e
rXIont
heSpe
c
i
alPr
ov
i
s
i
onsRe
l
at
i
ngt
o
Agr
ar
i
anRe
f
or
m Coope
r
at
i
v
e
soft
hes
ameCodear
ehe
r
e
byr
e
numbe
r
e
dr
e
t
i
t
l
e
dandame
nde
dt
o
r
e
ad,asf
ol
l
ows
:
CHAPTERXI
AGRARI
ANREF
ORM COOPERATI
VES
"ART.87.Cov
er
age.–Thepr
ov
i
s
i
onsoft
hi
sChapt
e
rs
hal
lpr
i
mar
i
l
ygov
e
r
nagr
ar
i
anr
e
f
or
m
c
oope
r
at
i
v
e
s
:Pr
ov
i
ded,Thatt
hepr
ov
i
s
i
onsoft
heot
he
rc
hapt
e
r
soft
hi
sCodes
hal
lappl
y
s
uppl
e
t
or
i
l
ye
x
c
e
pti
ns
of
arast
hi
sChapt
e
rot
he
r
wi
s
epr
ov
i
de
s
.
"ART.88.De
f
i
ni
t
i
onandPur
pos
e.–Anagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
ei
soneor
gani
z
e
dby
mar
gi
nalf
ar
me
r
s
,maj
or
i
t
yofwhi
c
har
eagr
ar
i
anr
e
f
or
m be
ne
f
i
c
i
ar
i
e
s
,f
ort
hepur
pos
eof
de
v
e
l
opi
nganappr
opr
i
at
es
y
s
t
e
m ofl
andt
e
nur
e
,l
andde
v
e
l
opme
nt
,l
andc
ons
ol
i
dat
i
onor
l
andmanage
me
nti
nar
e
asc
ov
e
r
e
dbyagr
ar
i
anr
e
f
or
m.
"Anagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
easde
f
i
ne
ds
hal
lbeor
gani
z
e
df
oranyoral
loft
hef
ol
l
owi
ng
pur
pos
e
s
:
"(
1)Tode
v
e
l
opanappr
opr
i
at
es
y
s
t
e
m ofl
andt
e
nur
e
,l
andde
v
e
l
opme
nt
,l
and
c
ons
ol
i
dat
i
onorl
andmanage
me
nti
nar
e
asc
ov
e
r
e
dbyagr
ar
i
anr
e
f
or
m;
"(
2)Toc
oor
di
nat
eandf
ac
i
l
i
t
at
et
hedi
s
s
e
mi
nat
i
onofs
c
i
e
nt
i
f
i
cme
t
hodsof
pr
oduc
t
i
on,andpr
ov
i
deas
s
i
s
t
anc
ei
nt
hes
t
or
age
,t
r
ans
por
t
,andmar
ke
t
i
ngoff
ar
m
pr
oduc
t
sf
oragr
ar
i
anr
e
f
or
m be
ne
f
i
c
i
ar
i
e
sandt
he
i
ri
mme
di
at
ef
ami
l
y
,he
r
e
i
naf
t
e
r
r
e
f
e
r
r
e
dt
oas"be
ne
f
i
c
i
ar
i
e
s
";
"(
3)Topr
ov
i
def
i
nanc
i
alf
ac
i
l
i
t
i
e
st
obe
ne
f
i
c
i
ar
i
e
sf
orpr
ov
i
de
ntorpr
oduc
t
i
v
e
pur
pos
e
satr
e
as
onabl
ec
os
t
s
;
"(
4)Toar
r
angeandf
ac
i
l
i
t
at
et
hee
x
pe
di
t
i
oust
r
ans
f
e
rofappr
opr
i
at
eands
ui
t
abl
e
t
e
c
hnol
ogyt
obe
ne
f
i
c
i
ar
i
e
sandmar
gi
nalf
ar
me
r
satt
hel
owe
s
tpos
s
i
bl
ec
os
t
;
"(
5)Topr
ov
i
des
oc
i
als
e
c
ur
i
t
ybe
ne
f
i
t
s
,he
al
t
h,me
di
c
alands
oc
i
ali
ns
ur
anc
ebe
ne
f
i
t
s
andot
he
rs
oc
i
alande
c
onomi
cbe
ne
f
i
t
st
hatpr
omot
et
hege
ne
r
alwe
l
f
ar
eoft
he
agr
ar
i
anr
e
f
or
m be
ne
f
i
c
i
ar
i
e
sandmar
gi
nalf
ar
me
r
s
;
"(
6)Topr
ov
i
denonf
or
male
duc
at
i
on,v
oc
at
i
onal
/
t
e
c
hni
c
alt
r
ai
ni
ng,andl
i
v
e
l
i
hood
pr
ogr
amst
obe
ne
f
i
c
i
ar
i
e
sandmar
gi
nalf
ar
me
r
s
;
"(
7)Toac
tasc
ondui
t
sf
ore
x
t
e
r
nalas
s
i
s
t
anc
eands
e
r
v
i
c
e
st
ot
hebe
ne
f
i
c
i
ar
i
e
sand
mar
gi
nalf
ar
me
r
s
;
"(
8)Tounde
r
t
akeac
ompr
e
he
ns
i
v
eandi
nt
e
gr
at
e
dde
v
e
l
opme
ntpr
ogr
am i
nagr
ar
i
an
r
e
f
or
m andr
e
s
e
t
t
l
e
me
ntar
e
aswi
t
hs
pe
c
i
alc
onc
e
r
nf
ort
hede
v
e
l
opme
ntofagr
obas
e
d,mar
i
ne
bas
e
d,andc
ot
t
age
bas
e
di
ndus
t
r
i
e
s
;
"(
9)Tor
e
pr
e
s
e
ntt
hebe
ne
f
i
c
i
ar
i
e
sonanyoral
lmat
t
e
r
st
hataf
f
e
c
tt
he
i
ri
nt
e
r
e
s
t
;and
"(
10)Tounde
r
t
akes
uc
hot
he
re
c
onomi
cors
oc
i
alac
t
i
v
i
t
i
e
sasmaybene
c
e
s
s
ar
yor
i
nc
i
de
nt
ali
nt
hepur
s
ui
toft
hef
or
e
goi
ngpur
pos
e
s
.
"ART.89.Coope
r
at
i
v
eEs
t
at
e.–Landhol
di
ngsl
i
kepl
ant
at
i
ons
,e
s
t
at
e
sorhac
i
e
ndasac
qui
r
e
d
byt
heSt
at
ef
ort
hebe
ne
f
i
toft
hewor
ke
r
si
nac
c
or
danc
ewi
t
ht
heCompr
e
he
ns
i
v
eAgr
ar
i
an
Re
f
or
m Pr
ogr
am whi
c
hs
hal
lbec
ol
l
e
c
t
i
v
e
l
yowne
dbyt
hewor
ke
r
be
ne
f
i
c
i
ar
i
e
sunde
ra
c
oope
r
at
i
v
es
e
t
up.
"ART.90.I
nf
r
as
t
r
uc
t
ur
e.–I
nagr
ar
i
anr
e
f
or
m andr
e
s
e
t
t
l
e
me
ntar
e
as
,t
heGov
e
r
nme
nts
hal
l
gr
antt
oagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
spr
e
f
e
r
e
nt
i
alt
r
e
at
me
nti
nt
hec
ons
t
r
uc
t
i
on,
mai
nt
e
nanc
eandmanage
me
ntofr
oads
,br
i
dge
s
,c
anal
s
,whar
v
e
s
,por
t
s
,r
e
s
e
r
v
oi
r
s
,i
r
r
i
gat
i
on
s
y
s
t
e
ms
,wat
e
r
wor
kss
y
s
t
e
ms
,andot
he
ri
nf
r
as
t
r
uc
t
ur
e
swi
t
hgov
e
r
nme
ntf
undi
ng.F
ort
hi
s
pur
pos
e
,t
heGov
e
r
nme
nts
hal
lpr
ov
i
det
e
c
hni
c
alas
s
i
s
t
anc
e
,f
ac
i
l
i
t
i
e
sande
qui
pme
ntt
os
uc
h
agr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
s
.
"ART.91.L
eas
eofPubl
i
cLands
.–TheGov
e
r
nme
ntmayl
e
as
epubl
i
cl
andst
oanyagr
ar
i
an
r
e
f
or
mc
oope
r
at
i
v
ef
orape
r
i
odnote
x
c
e
e
di
ngt
we
nt
y
f
i
v
e(
25%)y
e
ar
s
,s
ubj
e
c
tt
or
e
ne
walf
or
anot
he
rt
we
nt
y
f
i
v
e(
25)y
e
ar
sonl
y
:Pr
ov
i
ded,Thatt
heappl
i
c
at
i
onf
orr
e
ne
wals
hal
lbemade
one(
1)y
e
arbe
f
or
et
hee
x
pi
r
at
i
onoft
hel
e
as
e
:Pr
ov
i
ded,f
ur
t
her
,Thats
uc
hl
e
as
es
hal
lbef
or
t
hee
x
c
l
us
i
v
eus
eandbe
ne
f
i
toft
hebe
ne
f
i
c
i
ar
i
e
sandmar
gi
nalf
ar
me
r
ss
ubj
e
c
tt
ot
he
pr
ov
i
s
i
onsoft
heCompr
e
he
ns
i
v
eAgr
ar
i
anRe
f
or
m Pr
ogr
am.
"ART.92.Pr
ef
er
ent
i
alRi
ght
.–I
nagr
ar
i
anr
e
f
or
m ar
e
as
,anagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
es
hal
l
hav
et
hepr
e
f
e
r
e
nt
i
alr
i
ghti
nt
hegr
antoff
r
anc
hi
s
eandc
e
r
t
i
f
i
c
at
eofpubl
i
cc
onv
e
ni
e
nc
eand
ne
c
e
s
s
i
t
yf
ort
heope
r
at
i
onofpubl
i
cut
i
l
i
t
i
e
sands
e
r
v
i
c
e
s
:Pr
ov
i
ded,Thati
tme
e
t
st
he
r
e
qui
r
e
me
nt
sandc
ondi
t
i
onsi
mpos
e
dbyt
heappr
opr
i
at
egov
e
r
nme
ntage
nc
ygr
ant
i
ngt
he
f
r
anc
hi
s
eorc
e
r
t
i
f
i
c
at
eofpubl
i
cc
onv
e
ni
e
nc
eandne
c
e
s
s
i
t
y
.I
ft
he
r
ei
sane
l
e
c
t
r
i
cs
e
r
v
i
c
e
pr
ov
i
de
ri
nt
hear
e
a,i
ts
hal
lupont
her
e
que
s
tofanagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
,i
mme
di
at
e
l
y
pr
ov
i
dee
l
e
c
t
r
i
cs
e
r
v
i
c
e
st
ot
heagr
ar
i
anr
e
f
or
m ar
e
as
.I
ft
hee
l
e
c
t
r
i
cs
e
r
v
i
c
epr
ov
i
de
rf
ai
l
st
o
pr
ov
i
det
hes
e
r
v
i
c
e
sr
e
que
s
t
e
dwi
t
hi
nape
r
i
odofone(
1)y
e
ar
,t
heagr
ar
i
anr
e
f
or
m
c
oope
r
at
i
v
ec
onc
e
r
ne
dmayunde
r
t
aket
opr
ov
i
det
hee
l
e
c
t
r
i
cs
e
r
v
i
c
e
si
nt
hear
e
at
hr
oughi
t
s
ownr
e
s
our
c
e
s
.Al
li
nv
e
s
t
me
nt
smadebyt
hes
ai
dagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
ef
ort
he
e
l
e
c
t
r
i
f
i
c
at
i
onoft
heagr
ar
i
anr
e
f
or
mr
e
s
e
t
t
l
e
me
ntar
e
ass
hal
lbet
hes
ubj
e
c
tofs
al
et
ot
he
e
l
e
c
t
r
i
cs
e
r
v
i
c
epr
ov
i
de
ronc
ei
tt
ake
sont
hes
e
r
v
i
c
e
.
"ART.93.Pr
i
v
i
l
eges
.–Subj
e
c
tt
os
uc
hr
e
as
onabl
et
e
r
msandc
ondi
t
i
onsast
heDe
par
t
me
ntof
Agr
ar
i
anRe
f
or
m(
DAR)andt
heAut
hor
i
t
ymayi
mpos
e
,agr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
smaybe
gi
v
e
nt
hee
x
c
l
us
i
v
er
i
ghtt
odoanyoral
loft
hef
ol
l
owi
nge
c
onomi
cac
t
i
v
i
t
i
e
si
nagr
ar
i
an
r
e
f
or
m andr
e
s
e
t
t
l
e
me
ntar
e
as
;
"(
1)Suppl
yanddi
s
t
r
i
but
i
onofc
ons
ume
r
,agr
i
c
ul
t
ur
al
,aquac
ul
t
ur
al
,andi
ndus
t
r
i
al
goods
,pr
oduc
t
i
oni
nput
s
,andr
awmat
e
r
i
al
sands
uppl
i
e
s
,mac
hi
ne
r
y
,e
qui
pme
nt
,
f
ac
i
l
i
t
i
e
sandot
he
rs
e
r
v
i
c
e
sandr
e
qui
r
e
me
nt
soft
hebe
ne
f
i
c
i
ar
i
e
sandmar
gi
nal
f
ar
me
r
satr
e
as
onabl
epr
i
c
e
s
;
"(
2)Mar
ke
t
i
ngoft
hepr
oduc
t
sands
e
r
v
i
c
e
soft
hebe
ne
f
i
c
i
ar
i
e
si
nl
oc
alandf
or
e
i
gn
mar
ke
t
s
;
"(
3)Pr
oc
e
s
s
i
ngoft
heme
mbe
r
s
’pr
oduc
t
si
nt
of
i
ni
s
he
dc
ons
ume
rori
ndus
t
r
i
algoods
f
ordome
s
t
i
cc
ons
umpt
i
onorf
ore
x
por
t
;
"(
4)Pr
ov
i
s
i
onofe
s
s
e
nt
i
alpubl
i
cs
e
r
v
i
c
e
satc
os
ts
uc
haspowe
r
,i
r
r
i
gat
i
on,pot
abl
e
wat
e
r
,pas
s
e
nge
rand/
orc
ar
got
r
ans
por
t
at
i
onbyl
andors
e
a,c
ommuni
c
at
i
ons
e
r
v
i
c
e
s
,
andpubl
i
che
al
t
handme
di
c
alc
ar
es
e
r
v
i
c
e
s
;
"(
5)Manage
me
nt
,c
ons
e
r
v
at
i
on,andc
omme
r
c
i
alde
v
e
l
opme
ntofmar
i
ne
,f
or
e
s
t
r
y
,
mi
ne
r
al
,wat
e
r
,andot
he
rnat
ur
alr
e
s
our
c
e
ss
ubj
e
c
tt
oc
ompl
i
anc
ewi
t
ht
hel
awsand
r
e
gul
at
i
onsone
nv
i
r
onme
nt
alande
c
ol
ogi
c
alc
ont
r
ol
s
;and
"(
6)Pr
ov
i
s
i
onoff
i
nanc
i
al
,t
e
c
hnol
ogi
c
al
,andot
he
rs
e
r
v
i
c
e
sandf
ac
i
l
i
t
i
e
sr
e
qui
r
e
dby
t
hebe
ne
f
i
c
i
ar
i
e
si
nt
he
i
rdai
l
yl
i
v
e
sandl
i
v
e
l
i
hood.
"TheGov
e
r
nme
nts
hal
lpr
ov
i
det
hene
c
e
s
s
ar
yf
i
nanc
i
alandt
e
c
hni
c
alas
s
i
s
t
anc
et
oagr
ar
i
an
r
e
f
or
mc
oope
r
at
i
v
e
st
oe
nabl
et
he
mt
odi
s
c
har
gee
f
f
e
c
t
i
v
e
l
yt
he
i
rpur
pos
e
sunde
rt
hi
sar
t
i
c
l
e
.
TheDAR,t
heAut
hor
i
t
yandt
heBSPs
hal
ldr
awupaj
oi
ntpr
ogr
am f
ort
heor
gani
z
at
i
onand
f
i
nanc
i
ngoft
heagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
ss
ubj
e
c
toft
hi
sChapt
e
r
.Thej
oi
ntpr
ogr
am s
hal
l
bege
ar
e
dt
owar
dst
hebe
ne
f
i
c
i
ar
i
e
sgr
adualas
s
umpt
i
onoff
ul
lowne
r
s
hi
pandmanage
me
nt
c
ont
r
oloft
heagr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
s
.
"ART.94.Or
gani
z
at
i
onandRegi
s
t
r
at
i
on.–Agr
ar
i
anr
e
f
or
mc
oope
r
at
i
v
e
smaybeor
gani
z
e
d
andr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodeonl
yuponpr
i
orwr
i
t
t
e
nv
e
r
i
f
i
c
at
i
onbyt
heDARt
ot
hee
f
f
e
c
t
t
hatt
hes
amei
sne
e
de
dandde
s
i
r
e
dbyt
hebe
ne
f
i
c
i
ar
i
e
s
;r
e
s
ul
t
sofas
t
udyt
hathasbe
e
n
c
onduc
t
e
df
ai
r
l
yi
ndi
c
at
et
hee
c
onomi
cf
e
as
i
bi
l
i
t
yofor
gani
z
i
ngt
hes
ameandt
hati
twi
l
lbe
e
c
onomi
c
al
l
yv
i
abl
ei
ni
t
sope
r
at
i
ons
;andt
hatt
hes
amemaynowbeor
gani
z
e
dandr
e
gi
s
t
e
r
e
d
i
nac
c
or
danc
ewi
t
hr
e
qui
r
e
me
nt
soft
hi
sCode
.
"TheAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
hec
onc
e
r
ne
dgov
e
r
nme
ntage
nc
i
e
sandc
oope
r
at
i
v
e
s
e
c
t
or
,s
hal
li
s
s
ueappr
opr
i
at
er
ul
e
sandr
e
gul
at
i
onspe
r
t
ai
ni
ngt
ot
hepr
ov
i
s
i
onsoft
hi
s
Chapt
e
r
.
"
SEC.12.Ar
t
i
c
l
e
s96,97and98ofChapt
e
rXI
Iont
heSpe
c
i
alPr
ov
i
s
i
onsonPubl
i
cSe
r
v
i
c
e
sCoope
r
at
i
v
e
s
oft
hes
ameCodear
ehe
r
e
byt
r
ans
f
e
r
r
e
dt
oanot
he
rc
hapt
e
r
.Chapt
e
rXI
Iasame
nde
ds
hal
lnowr
e
ad,
asf
ol
l
ows
:
CHAPTERXI
I
COOPERATI
VEBANKS
"ART.95.Gov
er
ni
ngLaw.–Thepr
ov
i
s
i
onsoft
hi
sChapt
e
rs
hal
lpr
i
mar
i
l
ygov
e
r
nc
oope
r
at
i
v
e
banksr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodeandt
heot
he
rpr
ov
i
s
i
onsoft
hi
sCodes
hal
lappl
yt
ot
he
m
onl
yi
ns
of
arast
he
yar
enoti
nc
ons
i
s
t
e
ntwi
t
ht
hepr
ov
i
s
i
onsc
ont
ai
ne
di
nt
hi
sChapt
e
r
.
"ART.96.Supe
r
v
i
s
i
on.–Thec
oope
r
at
i
v
ebanksr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodes
hal
lbeunde
rt
he
s
upe
r
v
i
s
i
onoft
heBSP.TheBSP,uponc
ons
ul
t
at
i
onwi
t
ht
heAut
hor
i
t
yandt
hec
onc
e
r
ne
d
c
oope
r
at
i
v
es
e
c
t
or
,s
hal
lf
or
mul
at
egui
de
l
i
ne
sr
e
gar
di
ngt
heope
r
at
i
onsandt
hegov
e
r
nanc
eof
c
oope
r
at
i
v
ebanks
.The
s
egui
de
l
i
ne
ss
hal
lgi
v
eduer
e
c
ogni
t
i
ont
ot
heuni
quenat
ur
eand
c
har
ac
t
e
rofc
oope
r
at
i
v
ebanks
.Tot
hi
se
nd,c
oope
r
at
i
v
ebankss
hal
lpr
ov
i
def
i
nanc
i
aland
banki
ngs
e
r
v
i
c
e
st
oi
t
sme
mbe
r
s
.
"ART.97.Or
gani
z
at
i
on,Member
s
hi
pandEs
t
abl
i
s
hmentofaCooper
at
i
v
eBank.–(
1)
Coope
r
at
i
v
eor
gani
z
at
i
onsdul
ye
s
t
abl
i
s
he
dandr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodemayor
gani
z
ea
c
oope
r
at
i
v
ebank,whi
c
hs
hal
ll
i
ke
wi
s
ebec
ons
i
de
r
e
dac
oope
r
at
i
v
er
e
gi
s
t
r
abl
eunde
r
pr
ov
i
s
i
onsoft
hi
sCodes
ubj
e
c
tt
ot
her
e
qui
r
e
me
nt
sandr
e
qui
s
i
t
eaut
hor
i
z
at
i
onf
r
om t
heBSP.
Onl
yonec
oope
r
at
i
v
ebankmaybee
s
t
abl
i
s
he
di
ne
ac
hpr
ov
i
nc
e
:Pr
ov
i
ded,Thatanaddi
t
i
onal
c
oope
r
at
i
v
ebankmaybee
s
t
abl
i
s
he
di
nt
hes
amepr
ov
i
nc
et
oc
at
e
rt
ot
hene
e
dsi
nt
hes
ame
pr
ov
i
nc
et
oc
at
e
rt
ot
hene
e
dsoft
hel
oc
al
i
t
yde
pe
ndi
ngont
hee
c
onomi
cc
ondi
t
i
onsoft
he
pr
ov
i
nc
easmaybede
t
e
r
mi
ne
dbyt
heBSP:Pr
ov
i
ded,f
ur
t
her
,Thatt
headdi
t
i
onalc
oope
r
at
i
v
e
banks
hal
lbel
oc
at
e
di
nt
heCi
t
yormuni
c
i
pal
i
t
yot
he
rt
hatt
hec
i
t
yormuni
c
i
pal
i
t
ywhe
r
et
he
f
i
r
s
tc
oope
r
at
i
v
ebanki
sl
oc
at
e
d.
"(
2)Me
mbe
r
s
hi
pi
nac
oope
r
at
i
v
ebanks
hal
le
i
t
he
rber
e
gul
aroras
s
oc
i
at
e
.Re
gul
ar
me
mbe
r
s
hi
ps
hal
lbel
i
mi
t
e
dt
oc
oope
r
at
i
v
eor
gani
z
at
i
onswhi
c
har
ehol
de
r
sofc
ommon
s
har
e
soft
hebank.As
s
oc
i
at
eme
mbe
r
sar
et
hos
es
ubs
c
r
i
bi
ngandhol
di
ngpr
e
f
e
r
r
e
ds
har
e
sof
t
hebank,whi
c
hmayi
nc
l
udebutar
enotl
i
mi
t
e
dt
ot
hef
ol
l
owi
ng:
"(
a)I
ndi
v
i
dualme
mbe
r
soft
hebank’
sme
mbe
r
pr
i
mar
yc
oope
r
at
i
v
e
s
;and
"(
b)SamahangNay
onandMuni
c
i
palKat
i
punanngmgaSamahangNay
on(
MKSN)
whi
c
hhe
l
dc
ommons
har
e
sofc
oope
r
at
i
v
ebankspr
i
ort
ot
hee
f
f
e
c
t
i
v
i
t
yoft
hi
sAc
t
s
hal
lappl
yf
orc
onv
e
r
s
i
ont
of
ul
l
pl
e
dge
dc
oope
r
at
i
v
e
si
nor
de
rt
omai
nt
ai
nt
he
i
r
s
t
at
usasr
e
gul
arme
mbe
r
sofc
oope
r
at
i
v
ebanks
:Pr
ov
i
ded,Thatt
he
ys
hal
lnot
i
f
yt
he
c
oope
r
at
i
v
ebankc
onc
e
r
ne
dt
he
i
ri
nt
e
nt
i
ont
oc
onv
e
r
twi
t
hi
nape
r
i
odofni
ne
t
y(
90)
day
sf
r
om t
hee
f
f
e
c
t
i
v
i
t
yoft
hi
sAc
t
.SamahangNay
onandMKSNar
ehe
r
e
bygi
v
e
na
pe
r
i
odofone(
1)y
e
arf
r
om t
hee
f
f
e
c
t
i
v
i
t
yoft
hi
sAc
tt
oc
ompl
e
t
et
he
i
rc
onv
e
r
s
i
onas
c
oope
r
at
i
v
e
s
.Coope
r
at
i
v
ebanks
hal
le
x
e
r
tr
e
as
onabl
ee
f
f
or
t
st
oi
nf
or
mt
he
i
rme
mbe
r
SamahangNay
onandMKSNt
of
i
nal
l
yc
onv
e
r
tort
ogi
v
et
henot
i
c
eofc
onv
e
r
s
i
on
wi
t
hi
nt
hepr
e
s
c
r
i
be
dpe
r
i
od.Upont
hef
ai
l
ur
eoft
heSamahangNay
onandMKSNt
o
f
i
nal
l
yc
onv
e
r
tt
oaf
ul
l
pl
e
dge
dc
oope
r
at
i
v
ewi
t
hi
nt
hemax
i
mum pe
r
i
odofone(
1)
y
e
ar
,t
hec
oope
r
at
i
v
ebankc
onc
e
r
ne
dmayc
onv
e
r
tt
hec
ommons
har
e
she
l
dbys
uc
h
as
s
oc
i
at
i
onst
opr
e
f
e
r
r
e
ds
har
e
s
.
"(
3)Thear
t
i
c
l
e
sofc
oope
r
at
i
v
eandby
l
awsofac
oope
r
at
i
v
ebank,oranyame
ndme
ntt
he
r
e
t
o,
s
hal
lber
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
yonl
ywhe
nac
c
ompani
e
dbyac
e
r
t
i
f
i
c
at
eofaut
hor
i
t
y
i
s
s
ue
dbyt
heBSP,unde
ri
t
sof
f
i
c
i
als
e
al
.
"ART.98.Admi
ni
s
t
r
at
i
onofCooper
at
i
v
eBanks
.–Tomai
nt
ai
nt
hequal
i
t
yofbank
manage
me
ntandac
c
or
dappr
opr
i
at
epr
ot
e
c
t
i
ont
ode
pos
i
t
or
sandt
hepubl
i
ci
nge
ne
r
al
,t
he
BSPs
hal
lpr
e
s
c
r
i
be
dt
hef
i
tandpr
ope
rqual
i
f
i
c
at
i
onsofbankdi
r
e
c
t
or
sandof
f
i
c
e
r
sf
ort
he
pur
pos
e
soft
hi
sar
t
i
c
l
e
,gi
v
i
ngduer
e
c
ogni
t
i
ont
ot
heuni
quenat
ur
eandc
har
ac
t
e
rof
c
oope
r
at
i
v
ebanks
.
"Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsoft
hi
sCode
,t
henumbe
r
,c
omput
at
i
onandt
e
r
m oft
he
boar
dofdi
r
e
c
t
or
ss
hal
lbede
f
i
ne
di
nt
hear
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awsoft
he
c
oope
r
at
i
v
ebank.
"ART.99.Quor
um andVot
i
ngRi
ght
s
.–Thequor
um r
e
qui
r
e
me
ntf
orge
ne
r
alas
s
e
mbl
y
me
e
t
i
ngs
,whe
t
he
rs
pe
c
i
alorr
e
gul
ar
,s
hal
lbeonehal
fpl
usoneoft
henumbe
rofv
ot
i
ng
s
har
e
sofal
lt
heme
mbe
r
si
ngoods
t
andi
ng.I
nt
heme
e
t
i
ngsoft
heboar
dofdi
r
e
c
t
or
s
,
whe
t
he
rs
pe
c
i
alorr
e
gul
ar
,t
hequor
um r
e
qui
r
e
me
nts
hal
lbeone
hal
fpl
usoneofal
lt
he
me
mbe
r
soft
heboar
dofdi
r
e
c
t
or
s
.Eac
hdi
r
e
c
t
ors
hal
lonl
yhav
eonev
ot
e
.
"Not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsoft
hi
sCodet
ot
hec
ont
r
ar
y
,t
hequor
um r
e
qui
r
e
me
ntf
or
ame
ndme
nt
sofar
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awss
hal
lbet
hr
e
e
f
our
t
hs(
3/
4)v
ot
eofal
lt
he
me
mbe
r
swi
t
hv
ot
i
ngr
i
ght
s
,pr
e
s
e
ntandc
ons
t
i
t
ut
i
ngaquor
um.Al
lot
he
rv
ot
i
ng
r
e
qui
r
e
me
nt
ss
hal
lbeaspr
e
s
c
r
i
be
dbyt
heBSP.
"Thev
ot
i
ngr
i
ght
soft
heme
mbe
r
ss
hal
lbepr
opor
t
i
onat
et
ot
henumbe
roft
he
i
rpai
dup
s
har
e
s
.
"ART.100.Powe
r
s
,Func
t
i
onsandAl
l
i
edUnder
t
aki
ngsofCooper
at
i
v
eBanks
.–Ac
oope
r
at
i
v
e
banks
hal
lpr
i
mar
i
l
ypr
ov
i
def
i
nanc
i
al
,banki
ngandc
r
e
di
ts
e
r
v
i
c
e
st
oc
oope
r
at
i
v
e
or
gani
z
at
i
onsandt
he
i
rme
mbe
r
s
.Howe
v
e
r
,t
heBSPmaypr
e
s
c
r
i
beappr
opr
i
at
egui
de
l
i
ne
s
,
c
e
i
l
i
ngsandc
ondi
t
i
onsonbor
r
owi
ngofac
oope
r
at
i
v
eor
gani
z
at
i
onf
r
om ac
oope
r
at
i
v
ebank.
"Thepowe
r
sandf
unc
t
i
onsofac
oope
r
at
i
v
ebanks
hal
lbes
ubj
e
c
tt
os
uc
hr
ul
e
sand
r
e
gul
at
i
onsasmaybepr
omul
gat
e
dbyt
heBSP.
"I
naddi
t
i
ont
ot
hepowe
r
sgr
ant
e
dbyt
hi
sCodeandot
he
re
x
i
s
t
i
ngl
aws
,anyc
oope
r
at
i
v
ebank
maype
r
f
or
m anyoral
loft
hebanki
ngs
e
r
v
i
c
e
sof
f
e
r
e
dbyot
he
rt
y
pe
sofbankss
ubj
e
c
tt
ot
he
pr
i
orappr
ov
aloft
heBSP.
"ART.101.Capi
t
alRequi
r
ement
sofCooper
at
i
v
eBanks
.–(
1)Ac
oope
r
at
i
v
ebanks
hal
lhav
ea
mi
ni
mum pai
dupc
api
t
ali
ns
uc
hamountasmayber
e
qui
r
e
dbyt
heBSP.
"TheBSPmaypr
e
s
c
r
i
ber
ul
e
sandr
e
gul
at
i
onsont
het
y
pe
sofs
har
e
sac
oope
r
at
i
v
ebankmay
i
s
s
ue
,i
nc
l
udi
ngt
het
e
r
mst
he
r
e
ofandr
i
ght
sappur
t
e
nantt
he
r
e
t
ot
ode
t
e
r
mi
nec
ompl
i
anc
e
wi
t
hl
awsandr
e
gul
at
i
onsgov
e
r
ni
ngc
api
t
alande
qui
t
ys
t
r
uc
t
ur
eofbanks
:Pr
ov
i
de
d,That
c
oope
r
at
i
v
ebankss
hal
li
s
s
ueparv
al
ues
har
e
sonl
y
.
"(
2)TheBar
r
i
oSav
i
ngsF
und(
BSF
)andBar
r
i
oGuar
ant
e
eF
und(
BGF
)c
ol
l
e
c
t
e
d/
de
duc
t
e
dby
v
ar
i
ousbankst
hr
oughoutt
hec
ount
r
yf
r
om t
hel
oanpr
oc
e
e
dsoff
ar
me
r
bor
r
owe
r
swhowe
r
e
me
mbe
r
sofc
oope
r
at
i
v
e
sandSamahangNay
oni
nc
ompl
i
anc
ewi
t
hPr
e
s
i
de
nt
i
alDe
c
r
e
eNo.
175andac
c
ompany
i
ngl
e
t
t
e
r
sofi
ns
t
r
uc
t
i
on,whi
c
har
es
t
i
l
lf
l
oat
i
ngandout
s
t
andi
nge
i
t
he
ras
ac
t
i
v
eordor
mantde
pos
i
tac
c
ount
si
nt
hebooksoft
hos
ebanks
,s
hal
lbede
pos
i
t
e
dt
ot
he
c
oope
r
at
i
v
ebankl
oc
at
e
di
nt
hepr
ov
i
nc
ewhe
r
et
hede
pos
i
t
or
ybanksofBSFandBGFar
e
l
oc
at
e
d,ori
ft
he
r
ei
snoc
oope
r
at
i
v
ebanki
nt
hepr
ov
i
nc
e
.TheBSP,i
nc
oor
di
nat
i
onwi
t
ht
he
Aut
hor
i
t
y
,s
hal
lc
omeupwi
t
ht
hei
mpl
e
me
nt
i
nggui
de
l
i
ne
sonhowt
oc
r
e
di
tt
heowne
r
sof
t
hef
unds
.
"Thos
ef
undswhos
eowne
r
sc
oul
dnotbel
oc
at
e
dori
de
nt
i
f
i
e
ds
hal
lbes
ubj
e
c
tt
oe
s
c
he
at
.
"ART.102.Pr
i
v
i
l
egesandI
nc
ent
i
v
esofCooper
at
i
v
eBanks
.–Thec
oope
r
at
i
v
ebanksr
e
gi
s
t
e
r
e
d
unde
rt
hi
sCodes
hal
lbegi
v
e
nt
hes
amepr
i
v
i
l
e
ge
sandi
nc
e
nt
i
v
e
sgr
ant
e
dt
ot
her
ur
albanks
,
pr
i
v
at
ede
v
e
l
opme
ntbank,c
omme
r
c
i
albanks
,andal
lot
he
rbankst
or
e
di
s
c
ountnot
e
swi
t
h
t
heBSP,t
heL
andBankoft
hePhi
l
i
ppi
ne
s
,andot
he
rgov
e
r
nme
ntbankswi
t
houtaf
f
e
c
t
i
ngi
n
anywayt
hepr
ov
i
s
i
onsoft
hi
sCode
.
"(
1)Subj
e
c
tt
ot
heappr
ov
aloft
heBSP,ac
oope
r
at
i
v
ebanks
hal
lpubl
i
s
has
t
at
e
me
ntofi
t
s
f
i
nanc
i
als
t
at
e
me
ntofi
t
sf
i
nanc
i
alc
ondi
t
i
on,i
nc
l
udi
ngt
hos
eofi
t
ss
ubs
i
di
ar
i
e
sandaf
f
i
l
i
at
e
s
i
ns
uc
ht
e
r
msunde
r
s
t
andabl
et
ot
hel
ay
manandi
ns
uc
hf
r
e
que
nc
yasmaybepr
e
s
c
r
i
be
dby
t
heBSP,i
nEngl
i
s
horF
i
l
i
pi
no,atl
e
as
tonc
ee
v
e
r
yquar
t
e
ri
nane
ws
pape
rofl
oc
alc
i
r
c
ul
at
i
on
i
nt
hec
i
t
yorpr
ov
i
nc
ewhe
r
et
hepr
i
nc
i
palof
f
i
c
ei
sl
oc
at
e
dor
,i
fnone
ws
pape
ri
spubl
i
s
he
di
n
t
hes
amepr
ov
i
nc
e
s
,t
he
ni
nane
ws
pape
rpubl
i
s
he
di
nt
hene
ar
e
s
tc
i
t
yorpr
ov
i
nc
eori
na
ne
ws
pape
rofge
ne
r
alc
i
r
c
ul
at
i
on.TheBSP,howe
v
e
r
,mayal
l
owt
hepos
t
i
ngoft
hef
i
nanc
i
al
s
t
at
e
me
nt
soft
hec
oope
r
at
i
v
ebanki
nc
ons
pi
c
uouspl
ac
e
si
tmayde
t
e
r
mi
nei
nl
i
e
uoft
he
publ
i
c
at
i
onr
e
qui
r
e
di
nt
hepr
e
c
e
di
ngs
e
nt
e
nc
ewhe
nwar
r
ant
e
dbyt
hec
i
r
c
ums
t
anc
e
s
.
"Howe
v
e
r
,i
nc
as
e
soff
or
e
c
l
os
ur
eofmor
t
gage
sc
ov
e
r
i
ngl
oansgr
ant
e
dbyac
oope
r
at
i
v
ebank,
andt
hee
x
e
c
ut
i
onofj
udgme
nt
st
he
r
e
oni
nv
ol
v
i
ngr
e
alpr
ope
r
t
i
e
sandl
e
v
i
e
duponbyas
he
r
i
f
f
,
i
ts
hal
lbee
x
e
mptf
r
om publ
i
c
at
i
onr
e
qui
r
e
me
ntwhe
r
et
het
ot
alamountoft
hel
oan,
e
x
c
l
udi
ngi
nt
e
r
e
s
tandot
he
rc
har
ge
sdueandunpai
d,doe
snote
x
c
e
e
dTwohundr
e
df
i
f
t
y
t
hous
and(
P250,
000.
00)ors
uc
hamountast
heBSPmaypr
e
s
c
r
i
be
,asmaybewar
r
ant
e
dby
t
hepr
e
v
ai
l
i
nge
c
onomi
cc
ondi
t
i
onsandbyt
henat
ur
eandc
har
ac
t
e
roft
hec
oope
r
at
i
v
ebanks
.
I
ts
hal
lbes
uf
f
i
c
i
e
ntpubl
i
c
at
i
oni
ns
uc
hc
as
e
si
ft
henot
i
c
eoff
or
e
c
l
os
ur
eande
x
e
c
ut
i
onof
j
udgme
ntar
epos
t
e
di
nc
ons
pi
c
uousar
e
asi
nt
hec
oope
r
at
i
v
ebank’
spr
e
mi
s
e
s
,t
hemuni
c
i
pal
hal
l
,t
hemuni
c
i
palpubl
i
cmar
ke
t
,t
hebar
angayhal
l
,ort
hebar
angaypubl
i
cmar
ke
t
,i
ft
he
r
e
beanywhe
r
et
hepr
ope
r
t
ymor
t
gage
di
ss
i
t
uat
e
d,wi
t
hi
nape
r
i
odofs
i
x
t
y(
60)day
s
i
mme
di
at
e
l
ypr
e
c
e
di
ngt
hepubl
i
cauc
t
i
onort
hee
x
e
c
ut
i
onofj
udgme
nt
.Pr
oofofpubl
i
c
at
i
on
asr
e
qui
r
e
dhe
r
e
i
ns
hal
lbeac
c
ompl
i
s
he
dbyanaf
f
i
dav
i
toft
hes
he
r
i
f
forof
f
i
c
e
rc
onduc
t
i
ng
t
hef
or
e
c
l
os
ur
es
al
eore
x
e
c
ut
i
onofj
udgme
nt
,ands
hal
lbeat
t
ac
he
dt
ot
her
e
c
or
doft
hec
as
e
.
"(
2)Ac
oope
r
at
i
v
ebanks
hal
lbeal
l
owe
dt
of
or
e
c
l
os
ur
el
andsmor
t
gage
dt
oi
t
ss
ubj
e
c
tt
ot
he
pr
ov
i
s
i
onsofRe
publ
i
cAc
tNo.6657,ot
he
r
wi
s
eknownasCompr
e
he
ns
i
v
eAgr
ar
i
anRe
f
or
m
L
awof1988.
"ART.103.As
s
i
s
t
anc
et
oCooper
at
i
v
eBanks
.–I
nac
c
or
danc
ewi
t
he
x
i
s
t
i
ngpol
i
c
i
e
s
,
gov
e
r
nme
ntage
nc
i
e
s
,gov
e
r
nme
nt
owne
dorc
ont
r
ol
l
e
dc
or
por
at
i
onsandf
i
nanc
i
al
i
ns
t
i
t
ut
i
onss
hal
lpr
ov
i
deas
s
i
s
t
anc
e
,t
e
c
hni
c
alorot
he
r
wi
s
e
,t
oc
oope
r
at
i
v
ebankst
ope
r
mi
t
t
he
mt
ogr
ow,de
v
e
l
opandpe
r
f
or
mt
he
i
rr
ol
ei
nc
ount
r
y
s
i
dede
v
e
l
opme
ntt
owar
dsa
s
us
t
ai
nabl
enat
i
onale
c
onomi
cde
v
e
l
opme
nt
.Whe
ne
v
e
rac
oope
r
at
i
v
ebankor
gani
z
e
dunde
r
t
hi
sCodei
si
nas
t
at
eofc
ont
i
nui
ngi
nabi
l
i
t
yorunwi
l
l
i
ngne
s
st
omai
nt
ai
nape
r
i
odofl
i
qui
di
t
y
,
t
heBSPmayde
s
i
gnat
eoneofi
t
sof
f
i
c
i
al
sorape
r
s
onofr
e
c
ogni
z
e
dc
ompe
t
e
nc
e
,pr
e
f
e
r
abl
y
wi
t
he
x
pe
r
i
e
nc
ei
nc
oope
r
at
i
v
ebanki
ngandf
i
nanc
e
,asc
ons
e
r
v
at
oroft
hes
ai
dbankpur
s
uant
t
ot
heappr
opr
i
at
epr
ov
i
s
i
onsofe
x
i
s
t
i
ngbanki
ngl
aws
.
"ART.104.Appl
i
c
abi
l
i
t
yofBanki
ngLawsandRegul
at
i
ons
.–Wi
t
hr
e
s
pe
c
tt
ot
hepr
ov
i
s
i
ons
andgov
e
r
nanc
eoft
hec
oope
r
at
i
v
ebanks
,t
hepr
ov
i
s
i
onsoft
hebanki
ngl
aws
,r
ul
e
sand
r
e
gul
at
i
onss
hal
lpr
e
v
ai
l
,not
wi
t
hs
t
andi
ngSe
c
t
i
on71ofRe
publ
i
cAc
tNo.8791,ot
he
r
wi
s
e
knownast
heGe
ne
r
alBanki
ngAc
tof2000.
"TheBSPandt
heAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
hec
onc
e
r
ne
dc
oope
r
at
i
v
es
e
c
t
or
,
s
hal
li
s
s
ueappr
opr
i
at
er
ul
e
sandr
e
gul
at
i
onspe
r
t
ai
ni
ngt
ot
hepr
ov
i
s
i
onsoft
hi
s
Chapt
e
r
.
"
SEC.13.Ar
t
i
c
l
e
s99,100,101,102,103,104,105,106,107,108and109ofChapt
e
rXI
I
IonSpe
c
i
al
Pr
ov
i
s
i
onsRe
l
at
i
ngt
oCoope
r
at
i
v
eBanksoft
hes
ameCodear
ehe
r
e
byt
r
ans
f
e
r
r
e
dt
oanot
he
rc
hapt
e
r
.
Chapt
e
rXI
I
Iasame
nde
ds
hal
lnowr
e
ad,asf
ol
l
ows
CHAPTERXI
I
I
I
NSURANCECOOPERATI
VE
"ART.105.Coope
r
at
i
v
eI
ns
ur
anc
eSoc
i
et
i
es
.–Ex
i
s
t
i
ngc
oope
r
at
i
v
e
smayor
gani
z
et
he
ms
e
l
v
e
s
i
nt
oac
oope
r
at
i
v
ei
ns
ur
anc
ee
nt
i
t
yf
ort
hepur
pos
eofe
ngagi
ngi
nt
hebus
i
ne
s
sofi
ns
ur
i
ngl
i
f
e
andpr
ope
r
t
yofc
oope
r
at
i
v
e
sandt
he
i
rme
mbe
r
s
.
"ART.106.Ty
pesofI
ns
ur
anc
ePr
ov
i
ded.–Undert
hec
oope
r
at
i
v
ei
ns
ur
anc
epr
ogr
am
e
s
t
abl
i
s
he
dandf
or
me
dbyt
hev
i
r
t
ueoft
hepr
ov
i
s
i
onsoft
hi
sCode
,t
hec
oope
r
at
i
v
ei
ns
ur
anc
e
s
oc
i
e
t
i
e
ss
hal
lpr
ov
i
dei
t
sc
ons
t
i
t
ut
i
ngme
mbe
r
sdi
f
f
e
r
e
ntt
y
pe
sofi
ns
ur
anc
ec
ov
e
r
age
c
ons
i
s
t
i
ngof
,butnotl
i
mi
t
e
dt
o,l
i
f
ei
ns
ur
anc
ewi
t
hs
pe
c
i
algr
oupc
ov
e
r
age
,l
oanpr
ot
e
c
t
i
on,
r
e
t
i
r
e
me
ntpl
ans
,e
ndowme
nt
,mot
orv
e
hi
c
l
ec
ov
e
r
age
,bondi
ng,c
r
opandl
i
v
e
s
t
oc
kpr
ot
e
c
t
i
on
ande
qui
pme
nti
ns
ur
anc
e
.
"ART.107.Appl
i
c
abi
l
i
t
yofI
ns
ur
anc
eLaws
.–Thepr
ov
i
s
i
onsoft
heI
ns
ur
anc
eCodeandal
l
ot
he
rl
awsandr
e
gul
at
i
onsr
e
l
at
i
v
et
ot
heor
gani
z
at
i
onandope
r
at
i
onofani
ns
ur
anc
e
c
ompanys
hal
lappl
yt
oc
oope
r
at
i
v
ei
ns
ur
anc
ee
nt
i
t
i
e
sor
gani
z
e
dunde
rt
hi
sCode
.The
r
e
qui
r
e
me
nt
sonc
api
t
al
i
z
at
i
on,i
nv
e
s
t
me
nt
sandr
e
s
e
r
v
e
sofi
ns
ur
anc
ef
i
r
msmaybel
i
be
r
al
l
y
modi
f
i
e
duponc
ons
ul
t
at
i
onwi
t
ht
heAut
hor
i
t
yandt
hec
oope
r
at
i
v
es
e
c
t
or
,buti
nnoc
as
emay
ber
e
qui
r
e
me
ntt
ober
e
duc
e
dt
ol
e
s
st
hanhal
foft
hos
epr
ov
i
de
df
orunde
rt
heI
ns
ur
anc
e
Codeandot
he
rr
e
l
at
e
dl
aws
.
"ART.108.I
mpl
ement
i
ngRul
es
.–TheI
ns
ur
anc
eCommi
s
s
i
onandt
heAut
hor
i
t
y
,i
n
c
ons
ul
t
at
i
onwi
t
ht
hec
onc
e
r
ne
dc
oope
r
at
i
v
es
e
c
t
or
,s
hal
li
s
s
uet
heappr
opr
i
at
er
ul
e
sand
r
e
gul
at
i
onsi
mpl
e
me
nt
i
ngt
hepr
ov
i
s
i
onsoft
hi
sChapt
e
r
.
"
SEC.14.Ar
t
i
c
l
e
s110,111,112,113and114ofChapt
e
rXI
VonSpe
c
i
alPr
ov
i
s
i
onsr
e
l
at
i
ngt
oCr
e
di
t
Coope
r
at
i
v
eoft
hi
sCodear
ehe
r
e
byt
r
ans
f
e
r
r
e
dt
oanot
he
rc
hapt
e
r
.Chapt
e
rXI
Vasame
nde
ds
hal
l
nowr
e
ad,asf
ol
l
ows
:
CHAPTERXI
V
PUBL
I
CSERVI
CECOOPERATI
VES
"ART.109.De
f
i
ni
t
i
onandCov
er
age.–Apubl
i
cs
e
r
v
i
c
ec
oope
r
at
i
v
e
,wi
t
hi
nt
heme
ani
ngof
t
hi
sCode
,i
soneor
gani
z
e
dt
or
e
nde
rpubl
i
cs
e
r
v
i
c
e
sasaut
hor
i
z
e
dunde
raf
r
anc
hi
s
eor
c
e
r
t
i
f
i
c
at
eofpubl
i
cc
onv
e
ni
e
nc
eandne
c
e
s
s
i
t
ydul
yi
s
s
ue
dbyt
heappr
opr
i
at
egov
e
r
nme
nt
age
nc
y
.Suc
hs
e
r
v
i
c
e
smayi
nc
l
udet
hef
ol
l
owi
ng:
"(
1)Powe
rge
ne
r
at
i
on,t
r
ans
mi
s
s
i
on,and/
ordi
s
t
r
i
but
i
on;
"(
2)I
c
epl
ant
sandc
ol
ds
t
or
ages
e
r
v
i
c
e
s
;
"(
3)Communi
c
at
i
ons
e
r
v
i
c
e
si
nc
l
udi
ngt
e
l
e
phone
,t
e
l
e
gr
aph,andc
ommuni
c
at
i
ons
:
"(
4)L
andands
e
at
r
ans
por
t
at
i
onc
oope
r
at
i
v
e
sf
orpas
s
e
nge
rand/
orc
ar
go.Tr
ans
por
t
c
oope
r
at
i
v
e
sor
gani
z
e
dunde
rt
hepr
ov
i
s
i
onsofEx
e
c
ut
i
v
eOr
de
rNo.898,Se
r
i
e
sof
1983,s
hal
lbegov
e
r
ne
dbyt
hi
sChapt
e
r
.
"(
5)Publ
i
cmar
ke
t
s
,s
l
aught
e
r
hous
e
sandot
he
rs
i
mi
l
ars
e
r
v
i
c
e
s
;and
"(
6)Suc
hot
he
rt
y
pe
sofpubl
i
cs
e
r
v
i
c
e
sasmaybee
ngage
di
nbyanyc
oope
r
at
i
v
e
.
Suc
hc
oope
r
at
i
v
es
hal
lbepr
i
mar
i
l
ygov
e
r
ne
dbyt
hi
sChapt
e
randt
hege
ne
r
al
pr
ov
i
s
i
onsoft
hi
sCodei
ns
of
arast
he
ymaybeappl
i
c
abl
eunl
e
s
st
he
yar
ei
nc
ons
i
s
t
e
nt
he
r
e
wi
t
h.
"ART.110.Re
gi
s
t
r
at
i
onRequi
r
ement
s
.–Unl
e
s
sot
he
r
wi
s
epr
ov
i
de
di
nt
hi
sCode
,nopubl
i
c
s
e
r
v
i
c
ec
oope
r
at
i
v
es
hal
lber
e
gi
s
t
e
r
e
dunl
e
s
si
ts
at
i
s
f
i
e
st
hef
ol
l
owi
ngr
e
qui
r
e
me
nt
s
.
"(
1)I
t
sar
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awspr
ov
i
def
ort
heme
mbe
r
s
hi
poft
heus
e
r
s
and/
orpr
oduc
e
r
soft
hes
e
r
v
i
c
eofs
uc
hc
oope
r
at
i
v
e
s
;and
"(
2)Suc
hot
he
rr
e
qui
r
e
me
nt
sasmaybei
mpos
e
dbyt
heot
he
rpe
r
t
i
ne
ntgov
e
r
nme
nt
age
nc
i
e
sc
onc
e
r
ne
d.I
nc
as
et
he
r
ear
et
wo(
2)ormor
eappl
i
c
ant
sf
ort
hes
amepubl
i
c
s
e
r
v
i
c
ef
r
anc
hi
s
eorc
e
r
t
i
f
i
c
at
eofpubl
i
cc
onv
e
ni
e
nc
eandne
c
e
s
s
i
t
y
,al
lt
hi
ngsbe
i
ng
e
qual
,pr
e
f
e
r
e
nc
es
hal
lbegi
v
e
nt
oapubl
i
cs
e
r
v
i
c
ec
oope
r
at
i
v
e
.
"ART.111.Re
gul
at
i
onofPubl
i
cSer
v
i
c
eCooper
at
i
v
es
.–(
1)Thei
nt
e
r
nalaf
f
ai
r
sofpubl
i
c
s
e
r
v
i
c
ec
oope
r
at
i
v
e
ss
uc
hast
her
i
ght
sandpr
i
v
i
l
e
ge
sofme
mbe
r
s
,t
her
ul
e
sandpr
oc
e
dur
e
s
f
orme
e
t
i
ngsoft
hege
ne
r
alas
s
e
mbl
y
,boar
dofdi
r
e
c
t
or
sandc
ommi
t
t
e
e
s
;f
ort
hee
l
e
c
t
i
onand
qual
i
f
i
c
at
i
onsofof
f
i
c
e
r
s
,di
r
e
c
t
or
s
,andc
ommi
t
t
e
eme
mbe
r
s
;al
l
oc
at
i
onanddi
s
t
r
i
but
i
onof
s
ur
pl
us
e
s
;andal
lot
he
rmat
t
e
r
sr
e
l
at
i
ngt
ot
he
i
ri
nt
e
r
nalaf
f
ai
r
ss
hal
lbegov
e
r
ne
dbyt
hi
s
Code
.
"(
2)Al
lmat
t
e
r
sr
e
l
at
i
ngt
ot
hef
r
anc
hi
s
eorc
e
r
t
i
f
i
c
at
eofpubl
i
cc
onv
e
ni
e
nc
eandne
c
e
s
s
i
t
yof
publ
i
cs
e
r
v
i
c
ec
oope
r
at
i
v
e
ss
uc
hasc
api
t
al
i
z
at
i
onandi
nv
e
s
t
me
ntr
e
qui
r
e
me
nt
s
,e
qui
pme
nt
andf
ac
i
l
i
t
i
e
s
,f
r
e
que
nc
i
e
s
,r
at
e
f
i
x
i
ngands
uc
hot
he
rmat
t
e
r
saf
f
e
c
t
i
ngt
he
i
rpubl
i
cs
e
r
v
i
c
e
ope
r
at
i
onss
hal
lbegov
e
r
ne
dbyt
hepr
ope
rgov
e
r
nme
ntage
nc
yc
onc
e
r
ne
d.
"(
3)TheAut
hor
i
t
yandt
hepr
ope
rgov
e
r
nme
ntage
nc
yc
onc
e
r
ne
ds
hal
lj
oi
nt
l
yi
s
s
uet
he
ne
c
e
s
s
ar
yr
ul
e
sandr
e
gul
at
i
onst
oi
mpl
e
me
ntt
hi
sChapt
e
r
.
"(
4)TheAut
hor
i
t
ys
hal
le
s
t
abl
i
s
hac
ommi
t
t
e
ef
ort
hemoni
t
or
i
ngoft
r
ans
por
t
at
i
ons
e
r
v
i
c
e
c
oope
r
at
i
v
e
sc
ompos
e
dofr
e
pr
e
s
e
nt
at
i
v
e
sf
r
om t
heAut
hor
i
t
y
,t
heL
andTr
ans
por
t
at
i
on
F
r
anc
hi
s
i
ngandRe
gul
at
or
yBoar
d(
L
TF
RB)
,t
heL
andTr
ans
por
t
at
i
onOf
f
i
c
e(
L
TO)
,Of
f
i
c
eof
Tr
ans
por
tCoope
r
at
i
v
e
s(
OTC)
,ot
he
rc
onc
e
r
ne
dgov
e
r
nme
ntage
nc
i
e
s
,asmaybene
c
e
s
s
ar
y
,
andt
heNat
i
onalF
e
de
r
at
i
onofTr
ans
por
t
at
i
onCoope
r
at
i
v
e
s
.Al
oc
almoni
t
or
i
ngc
ommi
t
t
e
e
s
hal
ll
i
ke
wi
s
ebee
s
t
abl
i
s
he
datt
hee
x
t
e
ns
i
onof
f
i
c
e
soft
heAut
hor
i
t
yt
of
ac
i
l
i
t
at
et
he
moni
t
or
i
ngoft
r
ans
por
t
at
i
onc
oope
r
at
i
v
e
s
.
"ART.112.Engage
menti
nAl
l
i
edBus
i
nes
sbyTr
ans
por
t
at
i
onSer
v
i
c
eCooper
at
i
v
es
.–Subj
e
c
t
t
ope
r
t
i
ne
ntnat
i
onall
awsandl
oc
alor
di
nanc
e
s
,pr
i
mar
yt
r
ans
por
t
at
i
ons
e
r
v
i
c
ec
oope
r
at
i
v
e
s
i
nc
l
udi
ngs
e
c
ondar
yandt
e
r
t
i
ar
yf
e
de
r
at
i
onofc
oope
r
at
i
v
e
smaye
ngagei
nabus
i
ne
s
sr
e
l
at
e
d
t
ot
r
ans
por
t
at
i
ons
e
r
v
i
c
e
,i
nc
l
udi
ngbutnotl
i
mi
t
e
dt
o:
"(
1)I
mpor
t
at
i
on,di
s
t
r
i
but
i
onand,mar
ke
t
i
ngofpe
t
r
ol
e
um pr
oduc
t
si
nac
c
or
danc
e
wi
t
he
x
i
s
t
i
ngl
aws
;
"(
2)Ope
r
at
i
onofgas
ol
i
nes
t
at
i
onsandt
r
ans
por
t
at
i
ons
e
r
v
i
c
ec
e
nt
e
r
s
;
"(
3)I
mpor
t
at
i
on,di
s
t
r
i
but
i
onandmar
ke
t
i
ngofs
par
epar
t
sands
uppl
i
e
s
;and
"(
4)Mar
ke
t
i
ngofv
e
hi
c
l
e
/
dr
i
v
e
r
si
ns
ur
anc
epol
i
c
i
e
s
.
"ART.113.Re
newalofFr
anc
hi
s
eandVehi
c
l
eRegi
s
t
r
at
i
on.–Renewal
soff
r
anc
hi
s
eand
v
e
hi
c
l
er
e
gi
s
t
r
at
i
ons
hal
lbegr
ant
e
dt
ot
r
ans
por
t
at
i
ons
e
r
v
i
c
ec
oope
r
at
i
v
e
s
:Pr
ov
i
ded,That
s
uc
hc
oope
r
at
i
v
epr
e
s
e
nt
sac
e
r
t
i
f
i
c
at
eofgoods
t
andi
ngi
s
s
ue
dbyt
heAut
hor
i
t
y
,OTC,andt
he
l
oc
algov
e
r
nme
ntuni
tc
onc
e
r
ne
daspr
ooft
hati
thasc
ont
i
nuous
l
ypr
ov
i
de
dt
her
e
qui
r
e
d
publ
i
ct
r
ans
por
t
at
i
ons
e
r
v
i
c
e
s
.
"TheAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
hec
onc
e
r
ne
dgov
e
r
nme
ntage
nc
i
e
sandc
oope
r
at
i
v
e
s
e
c
t
or
,s
hal
li
s
s
ueappr
opr
i
at
er
ul
e
sandr
e
gul
at
i
onspe
r
t
ai
ni
ngt
ot
hepr
ov
i
s
i
onsoft
hi
s
Chapt
e
r
.
"
SEC.15.Ar
t
i
c
l
e
s115,116,117and118ofChapt
e
rXVonSpe
c
i
alPr
ov
i
s
i
onsr
e
l
at
i
ngt
oCoope
r
at
i
v
e
I
ns
ur
anc
eSoc
i
e
t
i
e
soft
hes
ameCodear
ehe
r
e
byt
r
ans
f
e
r
r
e
dt
oanot
he
rc
hapt
e
r
.Chapt
e
rXVas
ame
nde
ds
hal
lnowr
e
ad,asf
ol
l
ows
:
CHAPTERXV
CREDI
TCOOPERATI
VES
"ART.114.Cov
er
age.–Thi
sChapt
e
rs
hal
lappl
yt
oc
r
e
di
tc
oope
r
at
i
v
e
sandot
he
rc
oope
r
at
i
v
e
s
,
i
nc
l
udi
ngmul
t
i
pur
pos
ec
oope
r
at
i
v
e
s
,t
hatpr
ov
i
des
av
i
ngsandc
r
e
di
tt
ot
he
i
rme
mbe
r
sonl
y
.
Ther
e
s
toft
hepr
ov
i
s
i
onsoft
hi
sCodes
hal
lappl
yt
ot
he
mi
ns
of
arast
hes
amear
enot
i
nc
ons
i
s
t
e
ntwi
t
ht
hepr
ov
i
s
i
onsoft
hi
sChapt
e
r
.
"ART.115.De
f
i
ni
t
i
onandObj
ec
t
i
v
es
.–Ac
r
e
di
tc
oope
r
at
i
v
ei
saf
i
nanc
i
alor
gani
z
at
i
onowne
d
andope
r
at
e
dbyi
t
sme
mbe
r
swi
t
ht
hef
ol
l
owi
ngobj
e
c
t
i
v
e
s
:
"(
1)Toe
nc
our
ages
av
i
ngsamongi
t
sme
mbe
r
s
;
"(
2)Toc
r
e
at
eapoolofs
uc
hs
av
i
ngsf
orwhi
c
hl
oansf
orpr
oduc
t
i
v
eorpr
ov
i
de
nt
pur
pos
emaybegr
ant
e
dt
oi
t
sme
mbe
r
s
;and
"(
3)Topr
ov
i
der
e
l
at
e
ds
e
r
v
i
c
e
st
oe
nabl
ei
t
sme
mbe
r
st
omax
i
mi
z
et
hebe
ne
f
i
tf
r
om
s
uc
hl
oans
.
"ART.116.Or
gani
z
at
i
onandRegi
s
t
r
at
i
on.
-Cr
e
di
tc
oope
r
at
i
v
e
ss
hal
lbeor
gani
z
e
dand
r
e
gi
s
t
e
r
e
di
nac
c
or
danc
ewi
t
ht
hege
ne
r
alpr
ov
i
s
i
onsoft
hi
sCode
.
"ART.117.Or
gani
z
at
i
onalLi
nkage.–Cr
e
di
tc
oope
r
at
i
v
e
smayor
gani
z
ec
hapt
e
r
sor
s
ubs
i
di
ar
i
e
s
,orj
oi
nl
e
ague
sandf
e
de
r
at
i
onsf
ort
hepur
pos
eofpr
ov
i
di
ngc
ommonl
yne
e
de
d
e
s
s
e
nt
i
als
e
r
v
i
c
e
si
nc
l
udi
ngbutnotl
i
mi
t
e
dt
ot
hef
ol
l
owi
ng:
"(
1)I
nt
e
r
l
e
ndi
ngofs
ur
pl
usf
und;
"(
2)Mut
ualbe
ne
f
i
t
s
;
"(
3)De
pos
i
tguar
ant
e
e
;
"(
4)
Bondi
ng;
"(
5)Educ
at
i
onandt
r
ai
ni
ng;
"(
6)Pr
of
e
s
s
i
onalandt
e
c
hni
c
alas
s
i
s
t
anc
e
;
"(
7)Re
s
e
ar
c
h
andde
v
e
l
opme
nt
;
"(
8)Re
pr
e
s
e
nt
at
i
on;and"(
9)Ot
he
rs
e
r
v
i
c
e
sne
e
de
dt
oi
mpr
ov
et
he
i
r
pe
r
f
or
manc
e
.
"Ex
i
s
t
i
ngs
uppor
tor
gani
z
at
i
onss
uc
hasf
e
de
r
at
i
onsofc
r
e
di
tc
oope
r
at
i
v
e
s
,c
r
e
di
tc
oope
r
at
i
v
e
s
att
hepr
ov
i
nc
i
al
,r
e
gi
onalandnat
i
onall
e
v
e
l
smayc
ont
i
nueass
uc
hunde
rt
hi
sCode
.
"
SEC.16.Ane
wAr
t
i
c
l
ei
si
ns
e
r
t
e
di
nChapt
e
rXVonCr
e
di
tCoope
r
at
i
v
e
sands
hal
lnowr
e
ad,asf
ol
l
ows
:
"ART.118.Conv
er
s
i
onofCr
edi
tCooper
at
i
v
est
oFi
nanc
i
alSer
v
i
c
eCooper
at
i
v
es
.–Ex
i
s
t
i
ng
c
r
e
di
tandmul
t
i
pur
pos
ec
oope
r
at
i
v
e
swi
t
hs
av
i
ngsandc
r
e
di
tf
ac
i
l
i
t
i
e
ss
hal
lf
or
mal
l
yi
nf
or
m
t
heAut
hor
i
t
yofi
t
si
nt
e
nt
i
ont
oc
ont
i
nuepe
r
f
or
mi
ngi
t
spr
e
s
e
ntf
unc
t
i
ons
.Shoul
dt
hes
ai
d
c
oope
r
at
i
v
e
sde
c
i
det
oe
x
e
r
c
i
s
ee
nhanc
e
df
unc
t
i
ons
,i
ts
hal
lnot
i
f
yt
heAut
hor
i
t
yands
at
i
s
f
y
t
her
e
qui
r
e
me
nt
sf
orc
onv
e
r
s
i
ont
of
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
.
"
SEC.17.Ane
wChapt
e
ronF
i
nanc
i
alSe
r
v
i
c
eCoope
r
at
i
v
e
ss
hal
lbei
ns
e
r
t
e
di
nt
hi
sChapt
e
rands
hal
l
r
e
ad,asf
ol
l
ows
:
CHAPTERXVI
F
I
NANCI
ALSERVI
CECOOPERATI
VES
"ART.119.De
f
i
ni
t
i
onandFunc
t
i
onsofFi
nanc
i
alSer
v
i
c
esCooper
at
i
v
es
.–Af
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
ei
saf
i
nanc
i
alor
gani
z
at
i
onowne
dandope
r
at
e
dbyi
t
sme
mbe
r
sandaut
hor
i
z
e
dt
o
pr
ov
i
det
hef
ol
l
owi
ngs
e
r
v
i
c
e
,e
x
c
l
us
i
v
e
l
yt
oi
t
sme
mbe
r
s
:
"(
a)Thef
unc
t
i
onsofc
r
e
di
tc
oope
r
at
i
v
e
sandot
he
rc
oope
r
at
i
v
e
s
,i
nc
l
udi
ngmul
t
i
pur
pos
e
c
oope
r
at
i
v
e
s
,t
hatpr
ov
i
des
av
i
ngsandc
r
e
di
tt
ot
he
i
rme
mbe
r
s
,and"(
b)Ot
he
rf
i
nanc
i
al
s
e
r
v
i
c
e
ss
ubj
e
c
tt
or
e
gul
at
i
onbyt
heBSP.
"Thear
t
i
c
l
e
sofc
oope
r
at
i
onandby
l
awsofanyf
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
,orany
ame
ndme
ntt
he
r
e
t
o,s
hal
lber
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
yonl
yi
fac
c
ompani
e
dbya
c
e
r
t
i
f
i
c
at
eofaut
hor
i
t
yi
s
s
ue
dbyt
heBSP,unde
ri
t
sof
f
i
c
i
als
e
al
.
"Theaut
hor
i
t
ygr
ant
e
dt
hi
spr
ov
i
s
i
onmayber
e
v
oke
dbyt
heBSPi
fanyoft
hegr
oundsf
or
r
e
c
e
i
v
e
r
s
hi
pme
nt
i
one
dunde
rSe
c
t
i
on53and56ofRe
publ
i
cAc
tNo.8791i
spr
e
s
e
ntori
ft
he
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ehaswi
l
l
f
ul
l
yv
i
ol
at
e
dt
hi
sCodeofanyoft
her
e
l
at
e
dr
ul
e
sand
r
e
gul
at
i
ons
.
"TheBSPs
hal
li
s
s
ueac
e
as
eandde
s
i
s
tor
de
rt
oc
oope
r
at
i
v
e
se
x
e
r
c
i
s
i
ngt
hef
unc
t
i
onofa
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ewi
t
houtaut
hor
i
t
yf
r
om t
heBSP.
"TheBSPmayc
har
gee
qui
t
abl
er
at
e
sorf
e
e
s
,asmaybepr
e
s
c
r
i
be
dbyt
heMone
t
ar
yBoar
df
or
l
i
c
e
ns
i
ng,e
x
ami
nat
i
onandot
he
rs
e
r
v
i
c
e
swhi
c
hi
tr
e
nde
r
sunde
rt
hi
sCode
.
"Upont
hef
av
or
abl
ec
e
r
t
i
f
i
c
at
i
onoft
heBSPandt
hepr
i
orappr
ov
aloft
heAut
hor
i
t
y
,a
c
oope
r
at
i
v
e
,t
hemai
npur
pos
eofwhi
c
hi
st
ope
r
f
or
ms
av
i
ngsandc
r
e
di
tf
unc
t
i
ons
,may
c
onv
e
r
tt
of
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
es
ubj
e
c
tt
ot
her
e
qui
r
e
dqual
i
f
i
c
at
i
onsandpr
oc
e
dur
e
s
pr
ov
i
de
dunde
rt
hi
sCodeandi
nt
hei
mpl
e
me
nt
i
ngr
ul
e
sandr
e
gul
at
i
ons
.
"ART.120.Me
mber
s
hi
pandAf
f
i
l
i
at
i
on.–Af
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
es
hal
lhav
et
het
wo(
2)
t
y
pe
sofme
mbe
r
s
:
"(
1)Re
gul
arme
mbe
r
s
,whoar
enat
ur
alpe
r
s
ons
;and
"(
2)As
s
oc
i
at
eme
mbe
r
s
,whoar
enat
ur
alpe
r
s
onsbutwhodonoti
mme
di
at
e
l
yqual
i
f
yunde
r
t
her
e
qui
r
e
me
nt
sf
orme
mbe
r
s
hi
ps
e
touti
nt
heby
l
awsoft
hec
oope
r
at
i
v
e
.Al
las
s
oc
i
at
e
me
mbe
r
swhoar
enat
ur
alpe
r
s
onss
hal
lbegi
v
e
nt
wo(
2)y
e
ar
st
obe
c
omer
e
gul
arme
mbe
r
s
.
F
ai
l
ur
et
oc
onv
e
r
twi
t
hi
nt
hes
ai
dpe
r
i
ods
hal
lme
anaut
omat
i
cwi
t
hdr
awaloft
he
i
ras
s
oc
i
at
e
me
mbe
r
s
hi
p.The
ymay
,howe
v
e
r
,r
e
appl
yasr
e
gul
arme
mbe
r
saf
t
e
rt
wo(
2)y
e
ar
s
.
"Mi
nor
swhoar
ede
pe
nde
nt
sofr
e
gul
arme
mbe
r
sc
anqual
i
f
yasas
s
oc
i
at
eme
mbe
r
s
.Whe
n
t
he
yr
e
ac
ht
heageofmaj
or
i
t
yandwi
t
hi
nt
wo(
2)y
e
ar
sf
r
om ac
c
e
pt
anc
e
soft
he
i
ras
s
oc
i
at
e
me
mbe
r
s
hi
p,t
he
yhav
et
heopt
i
ont
oc
onv
e
r
ti
nt
or
e
gul
arme
mbe
r
s
.Asas
s
oc
i
at
eme
mbe
r
s
,
t
he
ymayope
nac
c
ount
s
,de
pos
i
tf
undsandwi
t
hdr
awf
r
om t
he
i
rac
c
ount
,s
ubj
e
c
tt
ot
he
by
l
awsandr
ul
e
soft
hec
oope
r
at
i
v
e
,andt
her
ul
e
sandr
e
gul
at
i
onsoft
heAut
hor
i
t
y
,
not
wi
t
hs
t
andi
ngt
hepr
ov
i
s
i
onsofe
x
i
s
t
i
ngl
awst
ot
hec
ont
r
ar
y
.
"ART.121.Re
gul
at
i
onandSuper
v
i
s
i
on.–TheAut
hor
i
t
ys
hal
le
x
e
r
c
i
s
el
e
adr
e
gul
at
or
ypowe
r
s
ands
upe
r
v
i
s
i
onov
e
rt
heope
r
at
i
onsoft
hef
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
,t
owi
t
:
"(
1)I
s
s
uer
ul
e
sandr
e
gul
at
i
onsf
ort
hes
af
eands
oundc
onduc
tofope
r
at
i
onsof
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
;
"(
2)Es
t
abl
i
s
hs
t
andar
dsofope
r
at
i
onf
oruni
f
or
m appl
i
c
at
i
ont
oal
lf
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
s
;
"(
3)Pr
e
s
c
r
i
ber
at
i
os
,c
e
i
l
i
ngs
,l
i
mi
t
at
i
ons
,orot
he
rf
or
msofr
e
gul
at
i
onont
he
di
f
f
e
r
e
ntt
y
pe
sofac
c
ount
sandpr
ac
t
i
c
e
soff
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
swhi
c
hs
hal
l
,
c
onf
or
mt
oi
nt
e
r
nat
i
onal
l
yac
c
e
pt
e
ds
t
andar
ds
;
"(
4)I
nv
e
s
t
i
gat
et
ode
t
e
r
mi
newhe
t
he
raf
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ei
sc
onduc
t
i
ngi
t
s
bus
i
ne
s
si
nas
af
eands
oundmanne
r
;
"(
5)Conduc
tr
e
gul
are
x
ami
nat
i
onoft
hebooksofac
c
ount
s
,r
e
c
or
dsandot
he
r
doc
ume
nt
soff
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
;
"(
6)I
nqui
r
ei
nt
ot
hes
ol
v
e
nc
yandl
i
qui
di
t
yofaf
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
;
"(
7)Pr
e
s
c
r
i
beappr
opr
i
at
ef
e
e
sf
ors
upe
r
v
i
s
i
onande
x
ami
nat
i
onoff
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
st
oamongot
he
r
s
,moni
t
orandov
e
r
s
e
et
hate
x
i
s
t
i
ngl
awsandr
e
gul
at
i
ons
ar
ec
ompl
i
e
dwi
t
h;
"(
8)Pas
suponandr
e
v
i
e
wt
hequal
i
f
i
c
at
i
onsanddi
s
qual
i
f
i
c
at
i
onsofi
ndi
v
i
dual
s
e
l
e
c
t
e
dorappoi
nt
e
ddi
r
e
c
t
or
sorof
f
i
c
e
r
sanddi
s
qual
i
f
yt
hos
ef
oundunf
i
t
;
"(
9)Di
s
qual
i
f
y
,s
us
pe
ndorr
e
mov
eanydi
r
e
c
t
ororof
f
i
c
e
rwhoc
ommi
t
soromi
t
san
ac
twhi
c
hr
e
nde
rhi
m unf
i
tf
ort
hepos
i
t
i
on;
"(
10)Se
l
e
c
t
,de
s
i
gnat
eandde
put
i
z
ef
e
de
r
at
i
ons
,t
hr
oughanappr
ov
e
dac
c
r
e
di
t
at
i
on
c
r
i
t
e
r
i
a,t
hatwi
l
ls
upe
r
v
i
s
epr
i
mar
yf
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
sandi
s
s
uebas
i
c
gui
de
l
i
ne
st
he
r
e
f
or
;
"(
11)Re
qui
r
et
hes
ubmi
s
s
i
onofr
e
l
e
v
antr
e
por
t
sf
r
om t
hede
put
i
z
e
ds
upe
r
v
i
s
or
;
"(
12)Pr
ov
i
der
e
me
di
alme
as
ur
e
si
nt
heope
r
at
i
onsoff
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
t
hatar
ei
nas
t
at
eofc
ont
i
nui
ngi
nabi
l
i
t
yorunwi
l
l
i
ngne
s
st
omai
nt
ai
nape
r
i
odof
l
i
qui
di
t
yatt
her
e
que
s
toft
hede
put
i
z
e
ds
upe
r
v
i
s
ororwhe
nt
hede
put
i
z
e
ds
upe
r
v
i
s
or
f
ai
l
st
ope
r
f
or
mi
t
sf
unc
t
i
ons
;
"(
13)Ac
c
r
e
di
te
x
t
e
r
nalaudi
t
or
si
nac
c
or
danc
ewi
t
hs
t
andar
dsf
oraudi
tandf
i
nanc
i
al
r
e
por
t
i
ngi
nc
oope
r
at
i
onwi
t
ht
hePI
CPA;and
"(
14)Appoi
ntac
ons
e
r
v
at
ororar
e
c
e
i
v
e
rasmaybene
c
e
s
s
ar
ys
ubj
e
c
tt
ot
her
ul
e
sand
r
e
gul
at
i
onst
obepr
omul
gat
e
dbyt
heAut
hor
i
t
yi
nc
oor
di
nat
i
onwi
t
ht
heBSP,t
aki
ng
i
nt
oc
ons
i
de
r
at
i
ont
hegr
ounds
,powe
r
sandpr
oc
e
dur
e
sunde
rSe
c
t
i
ons29and30of
Re
publ
i
cAc
tNo.7653asmaybede
e
me
dappr
opr
i
at
et
of
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
.
"TheAut
hor
i
t
ys
hal
li
nc
l
udei
ni
t
sr
ul
e
sandr
e
gul
at
i
ons
,appr
opr
i
at
es
anc
t
i
onsandpe
nal
t
i
e
s
,
ont
hef
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
,i
t
sme
mbe
r
s
,of
f
i
c
e
r
sandr
e
s
pons
i
bl
epe
r
s
ons
,f
orany
ac
t
i
ont
hatf
ai
l
st
oadhe
r
et
os
oundandpr
ude
ntmanage
me
ntpr
ac
t
i
c
e
sorar
ei
nc
ons
i
s
t
e
nt
wi
t
ht
hepr
ov
i
s
i
onsoft
hi
sCode
,ot
he
rappl
i
c
abl
el
awsonc
oope
r
at
i
v
e
s
,r
ul
e
s
,r
e
gul
at
i
ons
,
c
i
r
c
ul
ar
soror
de
r
si
s
s
ue
dbyt
heAut
hor
i
t
y
,andr
e
qui
r
et
hec
oope
r
at
i
v
et
ounde
r
t
ake
c
or
r
e
c
t
i
v
eorr
e
me
di
alme
as
ur
e
sr
e
l
at
i
v
et
he
r
e
t
o.
"TheBSPi
saut
hor
i
z
e
dt
oc
onduc
tr
i
s
kbas
e
ds
upe
r
v
i
s
i
onande
x
ami
nat
i
onoff
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
sasi
tmayde
e
m ne
c
e
s
s
ar
y
.
"ART.122.Pr
omul
gat
i
onofRul
esandRegul
at
i
ons
.–TheBSP,i
nc
oor
di
nat
i
onwi
t
ht
he
Aut
hor
i
t
y
,s
hal
lpr
e
s
c
r
i
bet
heappr
opr
i
at
epr
ude
nt
i
alr
ul
e
sandr
e
gul
at
i
onsappl
i
c
abl
et
ot
he
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
s
.
"Subj
e
c
tt
ot
her
e
gul
at
i
onsoft
heBSP,t
hebanki
ngl
aws
,r
ul
e
sandr
e
gul
at
i
onss
hal
lhav
e
s
uppl
e
t
or
yappl
i
c
at
i
ont
of
i
nanc
i
als
e
r
v
i
c
e
sc
oope
r
at
i
v
e
s
:Pr
ov
i
ded,howev
er
,Thatt
he
pr
ov
i
s
i
onsonac
c
e
s
st
obor
r
owi
ngorf
i
nanc
i
alas
s
i
s
t
anc
et
obee
x
t
e
nde
dbyt
heBSPoft
he
Phi
l
i
ppi
neDe
pos
i
tI
ns
ur
anc
eCor
por
at
i
on(
PI
DC)s
hal
lnotappl
yt
of
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
s
:Pr
ov
i
ded,f
ur
t
her
,Thatt
hede
pos
i
tl
i
abi
l
i
t
i
e
soft
hef
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
ss
hal
lnotbei
ns
ur
e
dbyt
hePDI
C.
"ART.123.F
i
nanc
i
alSer
v
i
c
eCooper
at
i
v
eFeder
at
i
ons
.–F
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
e
smay
or
gani
z
et
he
ms
e
l
v
e
si
nt
of
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
emayor
gani
z
et
he
ms
e
l
v
e
si
nt
of
i
nanc
i
al
s
e
r
v
i
c
ec
oope
r
at
i
v
ef
e
de
r
at
i
ons
,andr
e
gi
s
t
e
rt
he
i
rf
e
de
r
at
i
onwi
t
ht
heAut
hor
i
t
y
.The
s
e
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ef
e
de
r
at
i
onsmaybede
put
i
z
e
dbyt
heAut
hor
i
t
yast
hes
upe
r
v
i
s
or
oft
he
i
rme
mbe
r
s
,andt
he
ys
hal
lhav
et
hef
ol
l
owi
ngf
unc
t
i
ons
:
"(
a)De
v
e
l
ops
t
andar
dsandpr
ov
i
des
e
r
v
i
c
e
sf
ort
hebe
ne
f
i
tofi
t
saf
f
i
l
i
at
e
sandt
he
i
r
me
mbe
r
si
nac
c
or
danc
ewi
t
ht
her
ul
e
sandr
e
gul
at
i
onsoft
heAut
hor
i
t
y
;
"(
b)De
f
i
nec
ommonobj
e
c
t
i
v
e
sandc
oor
di
nat
eac
t
i
v
i
t
i
e
sf
ort
hef
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
ef
e
de
r
at
i
on;
"(
c
)Es
t
abl
i
s
handadmi
ni
s
t
e
rf
undss
uc
hasl
i
qui
di
t
yf
und,l
oanf
und,i
nv
e
s
t
me
ntf
und,
s
t
abi
l
i
z
at
i
onf
undands
uc
hot
he
rf
unds
;
"(
d)Es
t
abl
i
s
has
av
i
ngsguar
ant
e
es
y
s
t
e
mf
ort
hepr
ot
e
c
t
i
onoft
he
i
raf
f
i
l
i
at
e
s
'
me
mbe
r
de
pos
i
t
or
swi
t
hi
nt
hr
e
e(
3)y
e
ar
sf
r
om t
heappr
ov
aloft
hi
sCode
;
"(
e
)Ex
e
r
c
i
s
eons
i
t
eandof
f
s
i
t
es
upe
r
v
i
s
or
ypowe
rov
e
ri
t
sme
mbe
r
s
;
"(
f
)Pr
ov
i
der
e
me
di
alas
s
i
s
t
anc
et
oi
t
sme
mbe
r
sc
onc
e
r
ni
ngt
he
i
rope
r
at
i
onsand
manage
me
nt
;
"(
g)Ac
tast
hel
i
qui
dat
orandwhe
nappl
i
c
abl
e
,s
e
que
s
t
e
rpr
ope
r
t
i
e
st
os
at
i
s
f
yan
obl
i
gat
i
ons
e
c
ur
e
dbyamor
t
gagewhe
naut
hor
i
z
e
dbyt
heAut
hor
i
t
y
;and
"(
h)Tr
ans
mi
tr
e
l
e
v
antandr
e
qui
r
e
di
nf
or
mat
i
onr
e
gar
di
ngt
heope
r
at
i
onsand
pe
r
f
or
manc
eofme
mbe
r
c
oope
r
at
i
v
e
st
ot
heAut
hor
i
t
y
.
"TheAut
hor
i
t
yandot
he
rgov
e
r
nme
ntage
nc
i
e
s
,gov
e
r
nme
nt
owne
dorc
ont
r
ol
l
e
d
c
or
por
at
i
onsandgov
e
r
nme
ntf
i
nanc
i
ali
ns
t
i
t
ut
i
onss
hal
lpr
ov
i
det
e
c
hni
c
alands
uc
hot
he
r
as
s
i
s
t
anc
et
hatmaybeal
l
owe
dbyt
he
i
rc
har
t
e
r
st
of
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ef
e
de
r
at
i
ons
f
ort
hee
s
t
abl
i
s
hme
ntand/
ors
t
r
e
ngt
he
ni
ngoft
he
i
rr
e
s
pe
c
t
i
v
ec
oope
r
at
i
v
es
av
i
ngsguar
ant
e
e
s
y
s
t
e
m.Thet
e
c
hni
c
alas
s
i
s
t
anc
et
obepr
ov
i
de
ds
hal
li
nc
l
ude
,amongot
he
r
s
,t
r
ai
ni
ng
s
upe
r
v
i
s
i
onande
x
ami
nat
i
on.
"ART.124.De
s
i
gnat
i
onofEx
i
s
t
i
ngUni
tatt
heCooper
at
i
v
eDev
el
opmentAut
hor
i
t
yt
oPer
f
or
m
Regul
at
or
yandSuper
v
i
s
or
yFunc
t
i
ons
.–Wi
t
hi
ns
i
x(
6)mont
hsf
r
om t
heappr
ov
aloft
hi
s
Code
,t
heAut
hor
i
t
ys
hal
lde
s
i
gnat
et
heuni
tt
of
or
mul
at
eandi
mpl
e
me
ntt
hene
c
e
s
s
ar
y
r
e
gul
at
i
ons
,r
ul
e
s
,pol
i
c
i
e
s
,gui
de
l
i
ne
sands
t
andar
dsappl
i
c
abl
es
ol
e
l
yt
of
i
nanc
i
als
e
r
v
i
c
e
c
oope
r
at
i
v
e
sandde
put
i
z
e
df
e
de
r
at
i
onsi
nt
hepe
r
f
or
manc
eoft
he
i
rs
av
i
ngs
,c
r
e
di
tands
uc
h
ot
he
rr
e
l
at
e
de
nhanc
e
df
i
nanc
i
als
e
r
v
i
c
eope
r
at
i
ons
.
"TheDe
par
t
me
ntofF
i
nanc
e
,t
heBSPandot
he
rc
onc
e
r
ne
dgov
e
r
nme
ntage
nc
i
e
ss
hal
lpr
ov
i
de
t
e
c
hni
c
alandt
r
ai
ni
ngs
uppor
tf
ort
hee
f
f
e
c
t
i
v
eande
f
f
i
c
i
e
nti
mpl
e
me
nt
at
i
onoft
he
r
e
gul
at
or
yands
upe
r
v
i
s
or
yf
unc
t
i
onsandr
e
s
pons
i
bi
l
i
t
i
e
soft
heAut
hor
i
t
y
.
"ART.125.Pr
ohi
bi
t
i
on.–Thet
e
r
msc
r
e
di
tc
oope
r
at
i
v
e
,f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
eand
f
i
nanc
i
als
e
r
v
i
c
ec
oope
r
at
i
v
ef
e
de
r
at
i
ons
hal
lbeus
e
de
x
c
l
us
i
v
e
l
ybyt
hos
ewhoar
edul
y
r
e
gi
s
t
e
r
e
dunde
rt
hi
sCode
,andnope
r
s
on,gr
oupofpe
r
s
ons
,oror
gani
z
at
i
onss
hal
lus
et
he
s
ai
dt
e
r
msunl
e
s
sdul
yr
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
y
.Vi
ol
at
i
onsoft
hi
spr
ohi
bi
t
i
ons
hal
lbe
puni
s
habl
ei
nac
c
or
danc
ewi
t
hAr
t
i
c
l
e140oft
hi
sCode
.
"
SEC.18.Ane
wChapt
e
ronEl
e
c
t
r
i
cCoope
r
at
i
v
e
ss
hal
lbei
ns
e
r
t
e
dands
hal
lr
e
ad,asf
ol
l
ows
:
CHAPTERXVI
I
EL
ECTRI
CCOOPERATI
VE
"ART.126.Cov
er
age.–Thepr
ov
i
s
i
onsoft
hi
sCodes
hal
lappl
yt
oal
le
l
e
c
t
r
i
cc
oope
r
at
i
v
e
s
r
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
y
.Thi
ss
hal
lal
s
oc
ov
e
rne
wdi
s
t
r
i
but
i
onut
i
l
i
t
i
e
st
hatwi
l
lr
e
gi
s
t
e
r
wi
t
ht
heAut
hor
i
t
y
.
"El
e
c
t
r
i
cc
oope
r
at
i
v
e
smayunde
r
t
akepowe
rge
ne
r
at
i
onut
i
l
i
z
i
ngr
e
ne
wabl
ee
ne
r
gys
our
c
e
s
,
i
nc
l
udi
nghy
br
i
ds
y
s
t
e
ms
,ac
qui
s
i
t
i
onandope
r
at
i
onofs
ubt
r
ans
mi
s
s
i
onordi
s
t
r
i
but
i
onasi
t
s
pr
i
mar
ypur
pos
e
s
.
"ART.127.Re
gi
s
t
r
at
i
onofEl
ec
t
r
i
cCooper
at
i
v
es
.–Ther
e
gi
s
t
r
at
i
onofane
l
e
c
t
r
i
cc
oope
r
at
i
v
e
wi
t
ht
heAut
hor
i
t
yunde
rt
hi
sCodes
hal
lbes
ubmi
t
t
e
df
orappr
ov
alt
ot
heme
mbe
r
st
hr
ougha
r
e
f
e
r
e
ndum,c
al
l
e
df
ort
hepur
pos
easpr
ov
i
de
df
orunde
rAr
t
i
c
l
e
s183and129oft
hi
sCode
.
"ART.128.Vot
i
ngRequi
r
ementf
orRegi
s
t
r
at
i
on.–I
nc
ompl
i
anc
ewi
t
ht
her
e
f
e
r
e
ndum asa
v
ot
i
ngpr
oc
e
dur
e
,t
her
e
qui
r
e
dnumbe
rofv
ot
e
sf
orr
e
gi
s
t
r
at
i
onwi
t
ht
heAut
hor
i
t
ys
hal
lbe
t
we
nt
ype
r
c
e
nt(
20%)ofal
lme
mbe
r
si
ngoods
t
andi
ng.
"ART.129.Doc
ument
st
obeSubmi
t
t
edf
orRegi
s
t
r
at
i
onwi
t
ht
heAut
hor
i
t
y
.–F
orpur
pos
e
sof
r
e
gi
s
t
r
at
i
on,e
l
e
c
t
r
i
cc
oope
r
at
i
v
e
ss
hal
ls
ubmi
tt
hef
ol
l
owi
ngdoc
ume
nt
s
:
"(
a)Copyoft
heboar
dr
e
s
ol
ut
i
onc
e
r
t
i
f
y
i
ngt
ot
her
e
s
ul
toft
hev
ot
eappr
ov
e
d
t
hr
oughar
e
f
e
r
e
ndum appr
ov
i
ngt
her
e
gi
s
t
r
at
i
onoft
hec
oope
r
at
i
v
ewi
t
ht
he
Aut
hor
i
t
yi
nc
ompl
i
anc
ewi
t
hAr
t
i
c
l
e128;
"(
b)Ce
r
t
i
f
i
e
dc
opyoft
hear
t
i
c
l
e
sofi
nc
or
por
at
i
on/
c
oope
r
at
i
onandby
l
awsas
r
e
qui
r
e
dbyt
heAut
hor
i
t
y
;
"(
c
)Dul
yaudi
t
e
df
i
nanc
i
als
t
at
e
me
nt
sf
ort
hepas
tt
wo(
2)y
e
ar
s
;
"(
d)L
i
s
tofname
sofi
nc
umbe
ntboar
dofdi
r
e
c
t
or
sandt
he
i
raddr
e
s
s
e
sc
e
r
t
i
f
i
e
dby
t
heboar
ds
e
c
r
e
t
ar
yandat
t
e
s
t
e
dbyt
hec
hai
r
pe
r
s
on;
"(
e
)Wi
t
hi
ns
i
x(
6)mont
hsf
r
om t
her
e
gi
s
t
r
at
i
on,t
het
r
e
as
ur
e
rs
hal
ls
ubmi
tas
wor
n
s
t
at
e
me
ntoft
heaut
hor
i
z
e
ds
har
ec
api
t
al
,t
hes
ubs
c
r
i
be
ds
har
ec
api
t
alofme
mbe
r
s
andt
heamountofpai
dups
har
ec
api
t
alr
e
c
e
i
v
e
dbyt
het
r
e
as
ur
e
r
;and
"(
f
)Bondsofac
c
ount
abl
eof
f
i
c
e
r
s
.
"ART.130.Re
gi
s
t
r
at
i
onOpt
i
onsofEl
ec
t
r
i
cCooper
at
i
v
es
.–El
e
c
t
r
i
cCoope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
d
wi
t
ht
heNat
i
onalEl
e
c
t
r
i
f
i
c
at
i
onAdmi
ni
s
t
r
at
i
on(
NEA)unde
rPr
e
s
i
de
nt
i
alDe
c
r
e
eNo.269,as
ame
nde
dwhi
c
hoptnott
or
e
gi
s
t
e
rwi
t
ht
heAut
hor
i
t
yar
eal
l
owe
dt
or
e
t
ai
nt
hewor
d
‘
c
oope
r
at
i
v
e
’i
nt
he
i
rr
e
gi
s
t
e
r
e
dname
s
:Pr
ov
i
ded,Thatt
he
ys
hal
lnotbee
nt
i
t
l
e
dt
ot
he
be
ne
f
i
t
sandpr
i
v
i
l
e
ge
sunde
rt
hi
sCode
.
"ART.131.Rol
eoft
heEner
gyRegul
at
or
yCommi
s
s
i
on.–Al
lr
at
e
sandt
ar
i
f
f
sofe
l
e
c
t
r
i
c
c
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
heAut
hor
i
t
ys
hal
lbes
ubj
e
c
tt
ot
her
ul
e
sonappl
i
c
at
i
onand
appr
ov
alofandbyt
heEne
r
gyRe
gul
at
or
yCommi
s
s
i
onf
ordi
s
t
r
i
but
i
onut
i
l
i
t
i
e
s
.
"ART.132.Ef
f
ec
t
sofRegi
s
t
r
at
i
onwi
t
ht
heAut
hor
i
t
y
.–(
1)Upont
hee
f
f
e
c
t
i
v
i
t
yoft
hi
sCode
,
e
l
e
c
t
r
i
cc
oope
r
at
i
v
e
st
hatar
edul
yr
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
y
,andi
s
s
ue
dac
e
r
t
i
f
i
c
at
eof
r
e
gi
s
t
r
at
i
on,s
hal
lnol
onge
rbec
ov
e
r
e
dbyPr
e
s
i
de
nt
i
alDe
c
r
e
eNo.269,asame
nde
dby
Pr
e
s
i
de
nt
i
alDe
c
r
e
eNo.1645:Pr
ov
i
ded,Thatel
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dwi
t
ht
he
Aut
hor
i
t
ys
hal
lnowbec
ov
e
r
e
dbyt
hepr
ov
i
s
i
onsoft
hi
sCodeaswe
l
lasf
ut
ur
er
ul
e
sand
i
s
s
uanc
e
soft
heAut
hor
i
t
y
:Pr
ov
i
ded,howev
er
,Thatt
hes
e
c
ur
i
t
yoft
e
nur
eandt
hec
ol
l
e
c
t
i
v
e
bar
gai
ni
ngagr
e
e
me
ntbe
t
we
e
nt
hec
oope
r
at
i
v
emanage
me
ntandt
hee
mpl
oy
e
e
ss
hal
lbe
r
e
s
pe
c
t
e
d,wi
t
hnodi
mi
nut
i
onoft
he
i
re
x
i
s
t
i
ngs
al
ar
i
e
s
,e
mol
ume
nt
s
,r
anksandot
he
rbe
ne
f
i
t
s
;
"(
2)Thee
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
ywi
t
he
x
i
s
t
i
ngl
oansobt
ai
ne
df
r
om
NEAaf
t
e
rJ
une26,2001s
hal
lc
ont
i
nuet
oobs
e
r
v
et
het
e
r
msofs
uc
hl
oansunt
i
lf
ul
lpay
me
nt
ors
e
t
t
l
e
me
ntt
he
r
e
of
;
"(
3)Ex
c
e
ptaspr
ov
i
de
di
nt
hei
mme
di
at
e
l
ypr
e
c
e
di
ngpar
agr
aph,t
heNEAs
hal
lnol
onge
r
e
x
e
r
c
i
s
er
e
gul
at
or
yors
upe
r
v
i
s
or
ypowe
r
sone
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sdul
yr
e
gi
s
t
e
r
e
dwi
t
ht
he
Aut
hor
i
t
y
;
"(
4)El
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dwi
t
ht
heAut
hor
i
t
yar
ee
nt
i
t
l
e
dt
oc
ongr
e
s
s
i
onal
al
l
oc
at
i
ons
,gr
ant
s
,s
ubs
i
di
ar
i
e
sandot
he
rf
i
nanc
i
alas
s
i
s
t
anc
ef
orr
ur
ale
l
e
c
t
r
i
f
i
c
at
i
onwhi
c
h
c
anbec
our
s
e
dt
hr
ought
heDe
par
t
me
ntofEne
r
gy
,t
heAut
hor
i
t
yand/
orl
oc
algov
e
r
nme
nt
uni
t
s
.Thee
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dunde
rt
hi
sCodec
anav
ai
loft
hef
i
nanc
i
als
e
r
v
i
c
e
s
andt
e
c
hni
c
alas
s
i
s
t
anc
epr
ov
i
de
dbyt
hegov
e
r
nme
ntf
i
nanc
i
ali
ns
t
i
t
ut
i
onsandt
e
c
hni
c
al
de
v
e
l
opme
ntage
nc
i
e
sont
e
r
msr
e
s
pe
c
t
i
ngt
he
i
ri
nde
pe
nde
nc
easaut
onomousc
oope
r
at
i
v
e
s
;
"(
5)Al
lc
ondone
dl
oans
,s
ubs
i
di
e
s
,gr
ant
sandot
he
ras
s
i
s
t
anc
es
hal
lf
or
m par
toft
hedonat
e
d
c
api
t
alandf
undsoft
hee
l
e
c
t
r
i
cc
oope
r
at
i
v
e
sandass
uc
h,i
ts
hal
lnotbes
ol
d,t
r
ade
dnorbe
di
v
i
de
di
nt
os
har
e
hol
di
ngsatanyt
i
me
;t
he
s
edonat
e
dc
api
t
al
/
f
unds
hal
lbev
al
uat
e
df
ort
he
s
ol
epur
pos
eofde
t
e
r
mi
ni
ngt
hee
qui
t
ypar
t
i
c
i
pat
i
onoft
heme
mbe
r
s
:Pr
ov
i
ded,Thati
nt
he
c
as
eofdi
s
s
ol
ut
i
onoft
hec
oope
r
at
i
v
e
,s
ai
ddonat
e
dc
api
t
als
hal
lbes
ubj
e
c
tt
oe
s
c
he
at
;and
"(
6)El
e
c
t
r
i
cc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dandc
onf
i
r
me
dwi
t
ht
heAut
hor
i
t
yunde
rRe
publ
i
cAc
tNo.
6938andRe
publ
i
cAc
tNo.6939ar
ehe
r
e
byde
e
me
dr
e
gi
s
t
e
r
e
dunde
rt
hi
sCode
.
"ART.133.Shar
eCapi
t
ali
nt
heEl
ec
t
r
i
cCooper
at
i
v
es
.–Thee
l
e
c
t
r
i
cc
oope
r
at
i
v
es
hal
li
s
s
ue
anddi
s
t
r
i
but
es
har
ec
e
r
t
i
f
i
c
at
e
sunde
rt
henameoft
he
i
rme
mbe
r
s
,t
aki
ngi
nt
oc
ons
i
de
r
at
i
on
t
he
i
rpr
e
v
i
ouse
qui
t
yc
ont
r
i
but
i
ons
,t
heamor
t
i
z
at
i
onc
ompone
ntt
hr
ought
hepay
me
nt
smade
,
c
api
t
albui
l
dupandot
he
rc
api
t
alc
ont
r
i
but
i
ons
.
"ART.134.Canc
el
l
at
i
onofRegi
s
t
r
at
i
onwi
t
ht
heAut
hor
i
t
y
.–Thec
anc
e
l
l
at
i
onoft
he
r
e
gi
s
t
r
at
i
onofane
l
e
c
t
r
i
cc
oope
r
at
i
v
es
hal
lbegr
ant
e
dbyt
heAut
hor
i
t
yaspr
ov
i
de
dunde
r
Ar
t
i
c
l
e
s64t
o70oft
hi
sCode
.
"TheAut
hor
i
t
y
,i
nc
ons
ul
t
at
i
onwi
t
ht
hec
onc
e
r
ne
dc
oope
r
at
i
v
es
e
c
t
or
,s
hal
li
s
s
ueappr
opr
i
at
e
r
ul
e
sandr
e
gul
at
i
onspe
r
t
ai
ni
ngt
ot
hepr
ov
i
s
i
onsoft
hi
sChapt
e
r
.
"
SEC.
19.Ar
t
i
c
l
e
s119,120and121ofChapt
e
rXVIonMi
s
c
e
l
l
ane
ousPr
ov
i
s
i
onsoft
hes
ameCodear
e
he
r
e
byame
nde
dands
hal
lnowr
e
ad,asf
ol
l
ows
:
CHAPTERXVI
I
I
MI
SCEL
L
ANEOUSPROVI
SI
ONS
"ART.135.Compl
i
anc
eWi
t
hOt
herLaws
.–TheL
aborCodeandal
lot
he
rl
aborl
aws
,t
he
Soc
i
alSe
c
ur
i
t
yAc
t
,t
heMe
di
c
alCar
eAc
t
,andal
lot
he
rs
oc
i
all
e
gi
s
l
at
i
ons
,andal
lot
he
rl
aws
ande
x
e
c
ut
i
v
eor
de
r
ss
hal
lappl
yt
oc
oope
r
at
i
v
e
sdul
yr
e
gi
s
t
e
r
e
dunde
rt
hi
sCode
.
"ART.136.Re
gi
s
t
erofCooper
at
i
v
es
.–TheAut
hor
i
t
ys
hal
le
s
t
abl
i
s
har
e
gi
s
t
e
rwhi
c
hs
hal
l
c
ont
ai
nac
hr
onol
ogi
c
ale
nt
r
yoft
henameofe
v
e
r
yc
oope
r
at
i
v
er
e
gi
s
t
e
r
e
dordi
s
s
ol
v
e
dunde
r
t
hi
sCodet
oge
t
he
rwi
t
ht
hebas
i
ci
nf
or
mat
i
onr
e
qui
r
e
df
orr
e
gi
s
t
r
at
i
onordi
s
s
ol
ut
i
onandany
ot
he
ri
nf
or
mat
i
onc
ons
i
de
r
e
dus
e
f
ul
.TheAut
hor
i
t
ys
hal
lpubl
i
s
hannual
l
yal
i
s
tofe
x
i
s
t
i
ng
c
oope
r
at
i
v
e
s
,c
oope
r
at
i
v
e
sunde
rdi
s
s
ol
ut
i
onandt
hos
ewhos
er
e
gi
s
t
r
at
i
onar
ec
anc
e
l
l
e
d
dur
i
ngt
hey
e
art
oge
t
he
rwi
t
hs
uc
hi
nf
or
mat
i
onone
ac
hoft
he
m asmaybepr
e
s
c
r
i
be
di
nt
he
r
ul
e
sandr
e
gul
at
i
ons
.
"ART.137.Se
t
t
l
ementofDi
s
put
es
,Conc
i
l
i
at
i
on,andMedi
at
i
onPr
oc
eedi
ngs
.–Di
s
put
e
s
amongme
mbe
r
s
,of
f
i
c
e
r
s
,di
r
e
c
t
or
s
,andc
ommi
t
t
e
eme
mbe
r
s
,andi
nt
r
ac
oope
r
at
i
v
e
,i
nt
e
r
c
oope
r
at
i
v
e
,i
nt
r
af
e
de
r
at
i
onori
nt
e
r
f
e
de
r
at
i
ondi
s
put
e
ss
hal
l
,asf
araspr
ac
t
i
c
abl
e
,be
s
e
t
t
l
e
dami
c
abl
yi
nac
c
or
danc
ewi
t
ht
hec
onc
i
l
i
at
i
onorme
di
at
i
onme
c
hani
s
mse
mbodi
e
di
n
t
heby
l
awsofc
oope
r
at
i
v
e
sandi
ns
uc
hot
he
rappl
i
c
abl
el
aws
.
"Thec
onc
i
l
i
at
i
onandme
di
at
i
onc
ommi
t
t
e
eoft
hec
oope
r
at
i
v
es
hal
lf
ac
i
l
i
t
at
et
heami
c
abl
e
s
e
t
t
l
e
me
ntofi
nt
r
ac
oope
r
at
i
v
edi
s
put
e
sanddi
s
put
e
samongme
mbe
r
s
,of
f
i
c
e
r
s
,di
r
e
c
t
or
s
,
andc
ommi
t
t
e
eme
mbe
r
s
.
"Shoul
ds
uc
hc
onc
i
l
i
at
i
onorme
di
at
i
onpr
oc
e
e
di
ngf
ai
l
,t
hemat
t
e
rs
hal
lbes
e
t
t
l
e
dt
hr
ough
v
ol
unt
ar
yar
bi
t
r
at
i
on:Pr
ov
i
ded,howev
er
,Thatbe
f
or
eanypar
t
yc
anv
al
i
dl
yf
i
l
eac
ompl
ai
nt
wi
t
ht
heAut
hor
i
t
yf
orv
ol
unt
ar
yar
bi
t
r
at
i
on,i
tmus
tf
i
r
s
ts
e
c
ur
eac
e
r
t
i
f
i
c
at
i
onf
r
om i
t
s
c
onc
i
l
i
at
i
onandme
di
at
i
onc
ommi
t
t
e
eandf
r
om i
t
sc
onc
i
l
i
at
i
onandme
di
at
i
onc
ommi
t
t
e
e
andf
r
om t
hec
oope
r
at
i
v
euni
onorf
e
de
r
at
i
ont
owhi
c
hi
tbe
l
ongst
hatde
s
pi
t
eal
le
f
f
or
t
st
o
s
e
t
t
l
et
hei
s
s
ue
s
,t
hes
amehav
ef
ai
l
e
d.
"Thej
ur
i
s
di
c
t
i
onoft
hev
ol
unt
ar
yar
bi
t
r
at
or
ss
hal
lbee
x
c
l
us
i
v
eandor
i
gi
nalandt
he
i
r
de
c
i
s
i
onss
hal
lbeappe
al
abl
et
ot
heOf
f
i
c
eoft
hePr
e
s
i
de
nt
.TheAut
hor
i
t
ys
hal
li
s
s
ueand
adoptt
hepr
ope
rr
ul
e
sofpr
oc
e
dur
egov
e
r
ni
ngar
bi
t
r
at
i
onast
hepr
i
mar
yande
x
c
l
us
i
v
emode
f
ordi
s
put
er
e
s
ol
ut
i
oni
nac
c
or
danc
ewi
t
ht
heAl
t
e
r
nat
i
v
eDi
s
put
eRe
s
ol
ut
i
onAc
tof2004.
"F
ort
hi
spur
pos
e
,t
heAut
hor
i
t
ys
hal
lc
ons
t
i
t
ut
eal
i
s
tofqual
i
f
i
e
dv
ol
unt
ar
yar
bi
t
r
at
or
s
.
"
SEC.20.Ane
war
t
i
c
l
ei
si
ns
e
r
t
e
di
nChapt
e
rXVI
I
Iont
heMi
s
c
e
l
l
ane
ousPr
ov
i
s
i
onsoft
hes
ameCode
ands
hal
lr
e
ad,asf
ol
l
ows
:
"ART.138.J
oi
ntCongr
es
s
i
onalOv
er
s
i
ghtCommi
t
t
eeonCooper
at
i
v
e(
J
COCC)
.–The
r
ei
s
he
r
e
byc
r
e
at
e
daJ
oi
ntCongr
e
s
s
i
onalOv
e
r
s
i
ghtCommi
t
t
e
ec
ompos
e
doft
heChai
r
manoft
he
Se
nat
eCommi
t
t
e
eonCoope
r
at
i
v
e
sandt
heChai
r
manoft
heHous
eCommi
t
t
e
eon
Coope
r
at
i
v
e
sDe
v
e
l
opme
nt
,wi
t
hf
our(
4)me
mbe
r
se
ac
hf
r
om bot
hHous
e
s
.Thes
ai
d
me
mbe
r
ss
hal
lbedul
yappoi
nt
e
dbyt
heSe
nat
ePr
e
s
i
de
ntandt
heSpe
ake
roft
heHous
eof
Re
pr
e
s
e
nt
at
i
v
e
sf
r
om t
heme
mbe
r
soft
her
e
s
pe
c
t
i
v
ec
ommi
t
t
e
ebas
e
dont
hepr
opor
t
i
onal
r
e
pr
e
s
e
nt
at
i
onoft
hepar
t
i
e
sorc
oal
i
t
i
ont
he
r
e
i
n.
"TheJ
oi
ntOv
e
r
s
i
ghtCommi
t
t
e
es
hal
lr
e
v
i
e
wandappr
ov
et
hei
mpl
e
me
nt
i
ngr
ul
e
sand
r
e
gul
at
i
onsoft
hi
sCodeandmoni
t
ori
t
spr
ope
ri
mpl
e
me
nt
at
i
on.
"Theannualappr
opr
i
at
ef
ort
heov
e
r
s
i
ghtc
ommi
t
t
e
es
hal
lbec
har
ge
dt
ot
hebudge
tofbot
h
Hous
e
sofCongr
e
s
si
nt
heGe
ne
r
alAppr
opr
i
at
i
onsAc
t(
GAA)
.
"
SEC.21.Ar
t
i
c
l
e122i
she
r
e
byde
l
e
t
e
d.Ar
t
i
c
l
e
s123,124,125,126,127,128,129and130ofChapt
e
r
XVI
IonF
i
nalPr
ov
i
s
i
onsoft
hi
sCodear
eame
nde
dt
or
e
ad,asf
ol
l
ows
:
CHAPTERXI
X
F
I
NALPROVI
SI
ONS
"ART.139.I
mpl
ement
i
ngRul
esandRegul
at
i
ons
.–TheAut
hor
i
t
ys
hal
li
s
s
uer
ul
e
sand
r
e
gul
at
i
onst
oi
mpl
e
me
ntt
hos
epr
ov
i
s
i
onsoft
hi
sCodewhi
c
he
x
pr
e
s
s
l
yc
al
lf
ort
hei
s
s
uanc
e
t
he
r
e
of
.Thi
spar
agr
aphs
hal
lnotappl
yt
ot
hos
ec
as
e
swhe
r
e
i
nas
pe
c
i
f
i
cpr
ov
i
s
i
onoft
hi
sCode
e
x
pr
e
s
s
l
yde
s
i
gnat
e
spar
t
i
c
ul
argov
e
r
nme
ntage
nc
i
e
swhi
c
hs
hal
li
s
s
uet
her
e
gul
at
i
onsc
al
l
e
d
f
orbyanypr
ov
i
s
i
onoft
hi
sCode
.
"ART.140.Pe
nalPr
ov
i
s
i
ons
.–Thef
ol
l
owi
ngac
t
soromi
s
s
i
onsaf
f
e
c
t
i
ngc
oope
r
at
i
v
e
sar
e
he
r
e
bypr
ohi
bi
t
e
d:
"(
1)Theus
eoft
hewor
d‘
c
oope
r
at
i
v
e
’byanype
r
s
onorofpe
r
s
onsoror
gani
z
at
i
ons
,
unl
e
s
sdul
yr
e
gi
s
t
e
r
e
dasac
oope
r
at
i
v
eunde
rt
hi
sCodee
x
c
e
ptaspr
ov
i
de
df
orunde
r
Ar
t
i
c
l
e130he
r
e
of
.I
nc
as
eofv
i
ol
at
i
on,t
hei
ndi
v
i
dualori
ndi
v
i
dual
sc
onc
e
r
ne
d,ori
n
t
hec
as
eofanor
gani
z
at
i
on,i
t
sof
f
i
c
e
r
sanddi
r
e
c
t
or
ss
hal
l
,uponc
onv
i
c
t
i
on,e
ac
h
s
uf
f
e
rt
hepe
nal
t
yofi
mpr
i
s
onme
ntofnotl
e
s
st
hant
wo(
2)y
e
ar
snormor
et
hanf
i
v
e
(
5)y
e
ar
sandaf
i
nenote
x
c
e
e
di
ngTwe
nt
yt
hous
andpe
s
os(
P20,
000.
00)orbot
hatt
he
di
s
c
r
e
t
i
onoft
hec
our
t
;
"TheAut
hor
i
t
ymaymot
upr
opr
i
o,i
ni
t
i
at
ec
ompl
ai
nt
sf
orv
i
ol
at
i
onsoft
hi
spr
ov
i
s
i
on.
"(
2)Anype
r
s
onwhowi
l
l
f
ul
l
yat
t
e
mpt
si
nanymanne
rt
oe
v
adeorde
f
e
att
axi
n
v
i
ol
at
i
onoft
hepr
ov
i
s
i
onsofAr
t
i
c
l
e
s60and61oft
hi
sCodes
hal
li
naddi
t
i
ont
he
r
e
of
,
bepuni
s
he
dbyaf
i
neofnotl
e
s
st
hanThi
r
t
yt
hous
andpe
s
os(
P30,
000.
00)butnot
mor
et
hanOnehundr
e
dt
hous
andpe
s
os(
P100,
000.
00)ands
uf
f
e
ri
mpr
i
s
onme
ntof
notl
e
s
st
hant
wo(
2)y
e
ar
sbutnotmor
et
hanf
our(
4)y
e
ar
s
:Pr
ov
i
de
d,Thatt
he
c
onv
i
c
t
i
onorac
qui
t
t
alobt
ai
ne
dunde
rt
hi
sAr
t
i
c
l
es
hal
lnotbeabart
ot
hef
i
l
i
ngofa
c
i
v
i
ls
ui
tf
ort
hec
ol
l
e
c
t
i
onoft
ax
e
s
;
"(
3)Di
r
e
c
tori
ndi
r
e
c
tv
i
ol
at
i
onorc
i
r
c
umv
e
nt
i
onoft
hepr
ov
i
s
i
onsofAr
t
i
c
l
e
s60and
61oft
hi
sCodec
ommi
t
t
e
ebyanypubl
i
cof
f
i
c
i
alore
mpl
oy
e
eofanybur
e
au,of
f
i
c
eor
age
nc
yoft
hegov
e
r
nme
ntt
hatde
pr
i
v
e
s
,di
mi
ni
s
he
sori
nanymanne
rhi
nde
r
sor
r
e
s
t
r
i
c
t
sanydul
yr
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
ef
r
om t
hef
ul
le
nj
oy
me
ntoft
hee
x
e
mpt
i
on
f
r
om t
hepay
me
ntoft
het
ax
e
s
,f
e
e
sandc
har
ge
se
nume
r
at
e
dt
he
r
e
i
n,s
hal
lupon
c
onv
i
c
t
i
on,s
uf
f
e
rape
nal
t
yofnotl
e
s
st
hatone(
1)y
e
arbutnotmor
et
hanf
i
v
e(
5)
y
e
ar
si
mpr
i
s
onme
ntoraf
i
nei
nt
heamountofnotl
e
s
st
hanF
i
v
et
hous
andpe
s
os
(
P5,
000.
00)orbot
hatt
hedi
s
c
r
e
t
i
onoft
hec
our
tands
hal
lf
ur
t
he
rbedi
s
qual
i
f
i
e
dt
o
hol
danyot
he
rof
f
i
c
e
;
"(
4)Di
r
e
c
tori
ndi
r
e
c
ti
nt
e
r
f
e
r
e
nc
eori
nt
e
r
v
e
nt
i
onbyanypubl
i
cof
f
i
c
i
alore
mpl
oy
e
e
i
nt
ot
hei
nt
e
r
nalaf
f
ai
r
sofac
oope
r
at
i
v
eofwhi
c
hhei
snotame
mbe
r
,s
uc
has
,butnot
l
i
mi
t
e
dt
o,t
hef
ol
l
owi
ng:
"(
a)I
nf
l
ue
nc
i
ngt
hee
l
e
c
t
i
onorappoi
nt
me
ntofof
f
i
c
e
r
s
,di
r
e
c
t
or
s
,c
ommi
t
t
e
e
me
mbe
r
sande
mpl
oy
e
e
st
hr
oughpubl
i
corpr
i
v
at
ee
ndor
s
e
me
ntorc
ampai
gn
f
ororagai
ns
tanype
r
s
onorgr
oupofpe
r
s
ons
;
"(
b)Re
qui
r
i
ngpr
i
orc
l
e
ar
anc
e
sf
oranypol
i
c
yorde
c
i
s
i
onwi
t
hi
nt
he
c
oope
r
at
i
v
e
;
"(
c
)Re
que
s
t
i
ngorde
mandi
ngf
ort
hec
r
e
at
i
onofpos
i
t
i
onsoror
gani
z
at
i
onal
uni
t
s
,orr
e
c
omme
ndi
nganype
r
s
onf
orappoi
nt
me
nt
,t
r
ans
f
e
r
,orr
e
mov
al
f
r
om hi
spos
i
t
i
on;or
"(
d)Anyot
he
rac
t
si
ni
mi
c
aloradv
e
r
s
et
ot
heaut
onomyandi
nde
pe
nde
nc
eof
c
oope
r
at
i
v
e
s
.
"(
5)Adi
r
e
c
t
or
,of
f
i
c
e
rorc
ommi
t
t
e
eme
mbe
rwhov
i
ol
at
e
dt
hepr
ov
i
s
i
onsofAr
t
i
c
l
e
45ont
heL
i
abi
l
i
t
yofDi
r
e
c
t
or
s
,Of
f
i
c
e
r
sandCommi
t
t
e
eMe
mbe
r
s
,Ar
t
i
c
l
e48ont
he
Di
s
l
oy
al
t
yofaDi
r
e
c
t
or
,andAr
t
i
c
l
e49ont
heI
l
l
e
galUs
eofConf
i
de
nt
i
alI
nf
or
mat
i
on
s
hal
luponc
onv
i
c
t
i
ons
uf
f
e
raf
i
neofnotl
e
s
st
hanF
i
v
ehundr
e
dt
hous
andpe
s
os
(
P500,
000.
00)normor
et
hanF
i
v
ehundr
e
dt
hous
andpe
s
os(
P500,
000.
00)or
i
mpr
i
s
onme
ntofnotl
e
s
st
hanf
i
v
e(
5)y
e
ar
sbutnotmor
et
hant
e
n(
10)y
e
ar
sorbot
h
att
hec
our
t
’
sdi
s
c
r
e
t
i
on;
"(
6)Thef
ol
l
owi
ngar
ec
ons
i
de
r
e
dof
f
e
ns
e
spuni
s
habl
ebyape
nal
t
yofi
mpr
i
s
onme
nt
ofnotl
e
s
st
hanone(
1)y
e
arnormor
et
hanf
i
v
e(
5)y
e
ar
soraf
i
neofnotmor
et
han
F
i
f
t
yt
hous
andpe
s
os(
P50,
000.
00)orbot
hatt
hedi
s
c
r
e
t
i
onoft
hec
our
t
:
"(
a)Omi
s
s
i
onorr
e
f
us
alt
of
ur
ni
s
hanyi
nf
or
mat
i
on,r
e
por
torot
he
r
doc
ume
ntt
hati
sr
e
qui
r
e
dunde
rt
hi
sCode
;
"(
b)Pr
ov
i
di
ngi
nf
or
mat
i
on,r
e
por
t
sorot
he
rdoc
ume
nt
st
ot
heAut
hor
i
t
yt
hat
ar
er
e
qui
r
e
dunde
rt
hi
sCodewhi
c
ht
hepe
r
s
onknowst
obef
al
s
eor
mi
s
l
e
adi
ng;
"(
c
)Omi
s
s
i
onorr
e
f
us
alt
oke
e
pabookorr
e
gi
s
t
e
runde
rt
hi
sCodeort
omake
t
her
e
qui
r
e
de
nt
r
yt
he
r
e
i
n;
"(
d)Maki
ngane
nt
r
yr
e
qui
r
e
dunde
rt
hi
sCodei
nabookorr
e
gi
s
t
e
r
,whi
c
h
t
hepe
r
s
onknowst
obef
al
s
eormi
s
l
e
adi
ng;
"(
e
)Hi
nde
r
i
nganaut
hor
i
z
e
dpe
r
s
onf
r
om maki
ngani
ns
pe
c
t
i
on,audi
t
,
e
x
ami
nat
i
onori
nv
e
s
t
i
gat
i
onr
e
qui
r
e
dunde
rt
hi
sCode
;
"(
f
)F
ai
l
ur
et
oc
ompl
ywi
t
hanor
de
rorwr
i
t
t
e
ni
ns
t
r
uc
t
i
onsi
s
s
ue
dorgi
v
e
nby
t
heAut
hor
i
t
y
;
"(
g)Vi
ol
at
i
onoft
hepr
ov
i
s
i
onsr
e
gar
di
ngt
r
ans
ac
t
i
onswi
t
har
e
s
t
r
i
c
t
e
dpar
t
y
;
and
"(
h)Abe
t
t
i
ng,c
ouns
e
l
i
ng,al
l
owi
ng,aut
hor
i
z
i
ngorc
ommandi
nganot
he
r
pe
r
s
ont
oc
ommi
tanof
f
e
ns
epuni
s
habl
ebyt
hi
sCode
:Pr
ov
i
ded,Thati
nc
as
e
t
hev
i
ol
at
ori
sac
oope
r
at
i
v
eorj
ur
i
di
c
alpe
r
s
on,t
hepe
nal
t
ys
hal
lbei
mpos
e
d
oni
t
sdi
r
e
c
t
or
sandof
f
i
c
e
r
s
.
"(
7)Anyv
i
ol
at
i
onofanypr
ov
i
s
i
onoft
hi
sCodef
orwhi
c
hnope
nal
t
yi
si
mpos
e
ds
hal
l
bepuni
s
he
dbyi
mpr
i
s
onme
ntofnotl
e
s
st
hans
i
x(
6)mont
hsnormor
et
hanone(
1)
y
e
arandaf
i
neofnotl
e
s
st
hanOnet
hous
andpe
s
os(
P1,
000.
00)
,orbot
hatt
he
di
s
c
r
e
t
i
onoft
hec
our
t
.
"I
nc
as
eofv
i
ol
at
i
onofanypr
ov
i
s
i
onoft
hi
sCode
,t
hei
ndi
v
i
dualori
ndi
v
i
dual
s
,andi
nt
he
c
as
eofor
gani
z
at
i
onsorgov
e
r
nme
ntage
nc
i
e
s
,i
t
sof
f
i
c
e
r
s
,anddi
r
e
c
t
or
ss
hal
l
,uponc
onv
i
c
t
i
on
byaCour
t
,e
ac
hs
uf
f
e
rape
nal
t
yofnotl
e
s
st
hant
wo(
2)y
e
ar
sbutnotmor
et
hanf
i
v
e(
5)
y
e
ar
si
mpr
i
s
onme
ntoraf
i
nei
nt
heamountofnotl
e
s
st
hanTwe
nt
yt
hous
andpe
s
os
(
P20,
000.
00)
,orbot
hatt
hedi
s
c
r
e
t
i
onoft
hec
our
t
.I
nt
hec
as
eofapubl
i
cof
f
i
c
i
alor
e
mpl
oy
e
e
,t
heof
f
e
nde
rs
hal
luponc
onv
i
c
t
i
on,s
uf
f
e
rt
heac
c
e
s
s
or
ype
nal
t
yoft
e
mpor
ar
y
abs
ol
ut
edi
s
qual
i
f
i
c
at
i
on.
"ART.141.Pr
i
nt
i
ngandDi
s
t
r
i
but
i
on.–(
1)TheNat
i
onalPr
i
nt
i
ngOf
f
i
c
es
hal
lpubl
i
s
ht
hi
s
Codei
nt
heOf
f
i
c
i
alGaz
et
t
ei
nf
ul
lwi
t
hi
ns
i
x
t
y(
60)day
sf
r
om t
hedat
eofappr
ov
alt
he
r
e
of
.
Copi
e
soft
hi
sCodes
hal
lbegi
v
e
nt
oe
v
e
r
yde
par
t
me
nt
,age
nc
yandi
ns
t
r
ume
nt
al
i
t
yoft
he
Nat
i
onalGov
e
r
nme
nt
,i
nc
l
udi
ngr
e
gi
onal
,pr
ov
i
nc
i
alof
f
i
c
e
sandl
oc
algov
e
r
nme
nt
si
nc
l
udi
ng
gov
e
r
nme
nt
owne
dandc
ont
r
ol
l
e
dc
or
por
at
i
ons
.
"(
2)Al
ldul
yr
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
sandt
he
i
rf
e
de
r
at
i
ons
,uni
onsandas
s
oc
i
at
i
ons
,and
c
oope
r
at
i
v
ec
or
por
at
i
onss
hal
lbegi
v
e
none(
1)c
opye
ac
hatc
os
t
.The
r
e
af
t
e
r
,e
v
e
r
yne
wl
y
r
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
es
hal
lbei
s
s
ue
datc
os
tac
opyoft
hi
sCodeandt
her
e
gul
at
i
ons
pr
omul
gat
e
dt
he
r
e
ont
oge
t
he
rwi
t
hi
t
sc
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
on.
"ART.142.I
nt
er
pr
et
at
i
onandCons
t
r
uc
t
i
on.–I
nc
as
eofdoubtast
ot
heme
ani
ngofany
pr
ov
i
s
i
onofhi
sCodeort
her
e
gul
at
i
onsi
s
s
ue
di
npur
s
uanc
et
he
r
e
of
,t
hes
ames
hal
lbe
r
e
s
ol
v
e
dl
i
be
r
al
l
yi
nf
av
oroft
hec
oope
r
at
i
v
e
sandt
he
i
rme
mbe
r
s
.
"ART.143.Re
peal
i
ngCl
aus
e.–Ex
c
e
ptase
x
pr
e
s
s
l
ypr
ov
i
de
dbyt
hi
sCode
,Pr
e
s
i
de
nt
i
alDe
c
r
e
e
No.175andal
lot
he
rl
aws
,orpar
t
st
he
r
e
of
,i
nc
ons
i
s
t
e
ntwi
t
hanypr
ov
i
s
i
onoft
hi
sCodes
hal
l
bede
e
me
dr
e
pe
al
e
d:Pr
ov
i
ded,Thatt
hepr
ov
i
s
i
onsofSe
c
t
i
ons3,5,and7ofPr
e
s
i
de
nt
i
al
De
c
r
e
eNo.1645,Ex
e
c
ut
i
v
eOr
de
rNo.623,s
e
r
i
e
sof2007.Re
v
e
nueRe
gul
at
i
onNo.202001,
andal
ll
aws
,de
c
r
e
e
s
,e
x
e
c
ut
i
v
eor
de
r
s
,i
mpl
e
me
nt
i
ngr
ul
e
sandr
e
gul
at
i
ons
,BI
Rc
i
r
c
ul
ar
s
,
me
mor
andum or
de
r
s
,l
e
t
t
e
r
sofi
ns
t
r
uc
t
i
on,l
oc
algov
e
r
nme
ntor
di
nanc
e
s
,orpar
t
st
he
r
e
of
i
nc
ons
i
s
t
e
ntwi
t
hanyoft
hepr
ov
i
s
i
onsoft
hi
sAc
tar
ehe
r
e
byr
e
pe
al
e
d,ame
nde
dormodi
f
i
e
d
ac
c
or
di
ngl
y
.
"ART.
144.Tr
ans
i
t
or
yPr
ov
i
s
i
ons
.
-(
1)Al
lc
oope
r
at
i
v
e
sr
e
gi
s
t
e
r
e
dandc
onf
i
r
me
dwi
t
ht
he
Aut
hor
i
t
yunde
rRe
publ
i
cAc
tNo.6938andRe
publ
i
cAc
tNo.6939,ar
ehe
r
e
byde
e
me
d
r
e
gi
s
t
e
r
e
dunde
rt
hi
sc
ode
,andane
wc
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
ons
hal
lbei
s
s
ue
dbyt
he
aut
hor
i
t
y
:Pr
ov
i
ded,Thats
uc
hc
oope
r
at
i
v
es
hal
ls
ubmi
tt
ot
hene
ar
e
s
tof
f
i
c
eoft
heaut
hor
i
t
ya
c
opyoft
he
i
rc
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
onorc
e
r
t
i
f
i
c
at
eofc
onf
i
r
mat
i
on,t
hear
t
i
c
l
e
sof
c
oope
r
at
i
on,t
he
i
rby
l
aws
,andt
he
i
rl
at
e
s
taudi
t
e
df
i
nanc
i
als
t
at
e
me
ntwi
t
hi
none(
1)y
e
ar
f
r
om t
hee
f
f
e
c
t
i
v
i
t
yoft
hi
sc
ode
,ot
he
r
wi
s
et
hes
hal
lbede
e
me
dc
anc
e
l
l
e
dmot
upr
opr
i
o.
"(
2)F
ol
l
owi
ngt
hei
s
s
uanc
eoft
hene
wc
e
r
t
i
f
i
c
at
eofr
e
gi
s
t
r
at
i
on,t
her
e
gi
s
t
e
r
e
dc
oope
r
at
i
v
e
s
s
hal
ls
e
c
ur
e
dt
he
i
rc
e
r
t
i
f
i
c
at
eoft
axe
x
e
mpt
i
onf
r
om t
hene
ar
e
s
tof
f
i
c
eoft
heBur
e
auof
I
nt
e
r
nalRe
v
e
nue(
BI
R)
:Pr
ov
i
ded,Thats
uc
he
x
e
mpt
i
onss
hal
lbev
al
i
doff
i
v
e(
5)y
e
ar
sf
r
om
t
hedat
eofi
s
s
ue
:Pr
ov
i
ded,f
ur
t
her
,Thatal
lunpai
das
s
e
s
s
me
nt
sofpr
e
v
i
ous
l
yr
e
gi
s
t
e
r
e
d
c
oope
r
at
i
v
es
hal
lbet
hes
ubj
e
c
tofc
ompr
omi
s
es
e
t
t
l
e
me
ntont
e
r
msf
av
or
abl
et
os
uc
h
c
oope
r
at
i
v
e
;and:Pr
ov
i
ded,f
i
nal
l
y
,Thatt
heBI
Randt
heaut
hor
i
t
ys
hal
lbej
oi
nt
l
yi
s
s
uet
he
ne
c
e
s
s
ar
yr
e
gul
at
i
onsont
hi
se
x
e
mpt
i
onandc
ompr
omi
s
ewi
t
hi
nni
ne
t
y(
90)day
sf
r
om t
he
e
f
f
e
c
t
i
v
i
t
yf
r
om t
hi
sCode
.
"(
3)Re
gi
s
t
r
at
i
onofe
l
e
c
t
r
i
cc
oope
r
at
i
v
e
swi
t
ht
heAut
hor
i
t
ys
hal
lnotbec
ons
i
de
r
e
dasa
t
r
ans
f
e
r
r
e
dofowne
r
s
hi
pofi
t
sas
s
e
t
sandl
i
abi
l
i
t
i
e
snors
hal
li
tc
ons
t
i
t
ut
eac
hangei
nt
he
nat
ur
e
,s
t
r
uc
t
ur
e
,ands
t
at
usoft
hec
oope
r
at
i
v
e
.Sai
dr
e
gi
s
t
r
at
i
ons
hal
lnotr
e
s
ul
ti
nt
he
r
e
v
oc
at
i
onoft
hec
ondone
dl
oansunde
rRe
publ
i
cAc
tNo.9136,ot
he
r
wi
s
eknownast
he
El
e
c
t
r
i
cPowe
rI
ndus
t
r
yRe
f
or
m Ac
t
:Pr
ov
i
ded,Thatel
e
c
t
r
i
cc
oope
r
at
i
v
e
swi
t
he
x
i
s
t
i
ngl
oans
s
hal
lnotbes
ubj
e
c
tt
ot
hec
ont
r
olands
upe
r
v
i
s
i
onsofi
t
sc
r
e
di
t
or
sands
hal
lonl
ybel
i
mi
t
e
dt
o
t
hef
ul
f
i
l
l
me
ntofe
ac
hc
i
v
i
lobl
i
gat
i
ons
.
"ART.
145.Se
par
abi
l
t
yCl
aus
e.-Shoul
danypar
toft
hi
sc
odebede
c
l
ar
e
dunc
ons
t
i
t
ut
i
onal
,t
he
v
al
i
di
t
yofr
e
mai
ni
ngpr
ov
i
s
i
onhe
r
e
ofs
hal
lr
e
mai
ni
nf
ul
lande
f
f
e
c
t
.
"ART.
146.Ef
f
ec
t
i
v
i
t
yCl
aus
e.-Thi
sc
odes
hal
lt
akee
f
f
e
c
tf
i
f
t
e
e
n(
15)day
sf
r
om i
t
spubl
i
c
at
i
on
i
nane
ws
pape
rofge
ne
r
alc
i
r
c
ul
at
i
on.
Appr
ov
e
d,
(
Sgd.
)PROSPEROC.NOGRAL
ES
Spe
ake
roft
heHous
eof
Re
pr
e
s
e
nt
at
i
v
e
s
(
Sgd.
)J
UANPONCEENRI
L
E
Pr
e
s
i
de
ntoft
heSe
nat
e
Thi
sAc
twhi
c
hi
sac
ons
ol
i
dat
i
onofSe
nat
eBi
l
lNo.2264andHous
eBi
l
lNo.4312wasf
i
nal
l
ypas
s
e
d
byt
heSe
nat
eandt
heHous
eofRe
pr
e
s
e
nt
at
i
v
e
sonDe
c
e
mbe
r16,2008.
(
Sgd.
)MARI
L
YNB.BARUAYAP
Se
c
r
e
t
ar
yGe
ne
r
al
Hous
eofRe
pr
e
s
e
nat
i
v
e
s
(
Sgd.
)EMMAL
I
RI
OREYES
Se
c
r
e
t
ar
yofSe
nat
e
Appr
ov
e
d:F
EB17,2009
(
Sgd.
)GL
ORI
AMACAPAGAL
ARROYO
Pr
es
i
dentoft
hePhi
l
i
ppi
nes