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8/6/2019 9 Phil Rural Electric vs. Sec of DILG
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Izobelle T. Pulgo TAXATION
[21Section 24, P.D. No. 269, as amended by P.D. No. 1645.
[22Art. 128. Transitory Provisions. All cooperatives registered under Presidential DecreeNos. 175 and 775 and Executive Order No. 898, and all other laws shall be deemed
registered with the Cooperative Development Authority: Provided, however, That they shall
submit to the nearest Cooperative Development Authority office their certificate of
registration, copies of the articles of cooperation and bylaws and their latest duly auditedfinancial statements within one (1) year from the effectivity of this Act, otherwise theirregistration shall be cancelled: Provided, further, That cooperatives created under
Presidential Decree No. 269, as amended by Presidential Decree No. 1645, shall be given
three (3) years within which to qualify and register with the Authority: Provided, finally,
That after these cooperatives shall have qualified and registered, the provisions of Sections 3
and 5 of Presidential Decree No. 1645 shall no longer be applicable to said cooperatives.
[23Art. X, Sections 2, 3 and 5, 1987 Constitution.
[24Emphasis supplied.
[25Emphasis supplied.
[26G.R. No. 120082, September 11, 1996, 261 SCRA 667, 690.