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Membership

  1. Membership of the cooperative shall be opened to all persons who are coconut farmers, working or residing within the Municipalities of Matanao, Bansalan, Magsaysay and Digos City, all of Davao del Sur.
  2. The application for membership shall be in writing on a form provided for the purpose and shall be presented to the board of directors for approval.
  3. The application shall be accompanied by a membership fee of P 200.00, which shall be returned to the applicant in case of rejection.
  4. The applicant except for associate member, shall subscribed at least five shares (P 100/share) with the total value of five hundred pesos (P 1,000.00) of which at least one hundred ( P 100) corresponding to one share shall be paid upon submission of the application for membership.
  5. No member shall own or hold more than twenty percent (20%) of the subscribed share capital of the cooperative.
  6. A bonafide member must undergo training seminar (PMES) and other seminars called for by the cooperative.
  7. A member must attend meetings, general or especial assembly meetings and other meetings called for by the cooperative.
  8. A member is obliged to give two percent (2%) retention of the proceeds of every copra volume sold to the cooperative as capital build-up.
  9. Rights and duties of members are provided by the by-laws in Art. II, sec. 3 and 4.
 

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