Unit 1 COOP 102

• Cooperative by ICA

  An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise
• Cooperative by RA 6938

  A duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable contributions to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally cooperative principles.
• Cooperative by RA 9520

  A cooperative is a duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawsful common social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing hteir products and services, and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.