If the dissolution of a cooperative does not prejudice the rights of any

If the dissolution of a cooperative does not

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114.If the dissolution of a cooperative does not prejudice the rights of any creditor having a claim against it, what is the proper procedure for voluntary dissolution of a cooperative? a.By submitting a resolution duly adopted by Board of Directors and members to CDA. b.By filing a petition for dissolution with CDA. c.By filing a petition for dissolution with RTC. d.By filing a petition for dissolution with SEC. 115.If the dissolution of a cooperative prejudices or affects the rights of any creditor having a claim against it, what is the proper procedure for voluntary dissolution of a cooperative? 116.What is the required vote for the voluntary dissolution of a cooperative? 117.The following are valid grounds for involuntary dissolution of a cooperative by order of a competent courtafter due hearing, except 118.The following are valid grounds for suspension or revocation, after due notice and hearing, of certificate of registration of a cooperative by Cooperative Development Authority (CDA), except a.The cooperative has obtained its certificate of registration by fraud. b.The cooperative is existing for an illegal purpose. c.The cooperative willfully violated any of the provisions of Cooperative Code or its by laws despite notice given by CDA. d.The cooperative willfully failed to operate on a cooperative basis. e.The cooperative failed to meet the required number of members in the cooperative. f.The cooperative created a subsidiary cooperative after two years of operation.
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