Please Answer the Following True or False

21. Cooperatives are allowed to form subsidiary cooperatives and create and join federations or unions.

22. A single-purpose cooperative is not allowed to transform into a multi-purpose cooperative if its Articles of Cooperation provides for such prohibition.

23. For one to become a primary cooperative, he must have completed a Pre-Membership Education Seminar.

24. The bylaws of a cooperative may provide instances when a prospective members of a primary cooperative may be excused from undergoing Pre-Membership Education Seminar.

25. A cooperative duly-registered consistent with the Philippine Cooperative Code shall have limited liability.

26. Cooperatives like private corporations need not amend their Articles of Incorporation to extend their existence.

27. Dissenting members of a cooperative have the right to withdraw which is similar to the exercise of the right of appraisal of a stockholder.

28. No division of a cooperative shall be allowed if the same in intended to defraud creditors.

29. Merger and consolidation of cooperatives shall be deemed effective upon the issuance of the certificate of merger or consolidation by the Cooperative Development Authority.

30. When cooperatives are merged, liabilities are assumed by the surviving cooperative.

31. A service cooperative promotes and undertakes savings and lending services among its members.

32. Only primary cooperatives may establish secondary cooperatives.

33. Only secondary cooperatives may establish tertiary cooperatives.

34. Regular members of cooperatives may become associate members and vice versa.

35. When a member is not able to comply with all the requirements for membership, such member may be classified as an associate member.

36. Laboratory cooperatives consist of minors as members.

37. Officers and employees of the Cooperative Development Authority are disqualified to be elected or appointed to any position in a cooperative.

38. An applicant for membership in a cooperative shall be deemed a member after approval by the general manager of the cooperative.

39. Members of a cooperative much like the stockholders in a private corporation have limited liability.

40. The bylaws of a corporation may provide for the grounds of termination of membership of a cooperative member.