Powers and Duties of the Board is under what section of PD1570?

The correct answer highlights the specific provisions outlined in PD 1570 (Presidential Decree No. 1570), which details the powers and duties of the board of directors of a cooperative. Understanding the legislative framework is essential for grasping how the governance of cooperatives is structured in the Philippines.

Section 7 of PD 1570 specifically enumerates the roles, responsibilities, and powers vested in the board. This section is designed to ensure that the board operates effectively and adheres to the cooperative's objectives and values. It defines the obligations of board members to act in the best interest of the cooperative and its members, which is crucial in maintaining trust and accountability within the organization.

The other sections mentioned do not discuss the powers and duties of the board in depth, making them less relevant to this specific inquiry. Instead, they may cover other aspects of cooperative management or different regulatory requirements, which are important but do not directly relate to the powers and duties assigned to the board. Understanding the exact delineation of responsibilities helps board members fulfill their roles with clarity and purpose, ensuring adherence to both the cooperative’s bylaws and overarching legal obligations.