Republic Acts1 min read
Section 60March 10, 1990, Sec./Art. 60
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Primary Lien. - Notwithstanding the provisions of any law to the contrary, a cooperative shall have a primary lien upon the capital, deposits or interest of a member for any debt due to the cooperative from such a member.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.