REPUBLIC ACT NO. 6938
AN ACT TO ORDAIN A COOPERATIVE CODE OF THE PHILIPPINES
CHAPTER I.
GENERAL CONCEPTS AND PRINCIPLES
Section 1. Title. – This Act shall be known as the “Cooperative Code of the Philippines.”
Section 2. Declaration of Policy. – It is the declared policy of the State to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice. The State shall encourage the private sector to undertake the actual formation and organization of cooperatives and shall create an atmosphere that is conducive to the growth and development of these cooperatives.
