Section 8. Articles 72, 73, 74, 75, 76, 77, 78, 79 and 80 of Chapter VIII on Capital, Property, and Funds of the same Code are hereby renumbered and amended to read, as follows:

"CHAPTER VIII

"Capital, Property, and Funds

"ART. 71. Capital. — The capitalization of cooperatives and the accounting procedures shall be governed by the provisions of this Code and the regulations which shall be issued.

"ART. 72. Capital Sources. — Cooperatives registered under this Code may derive their capital from any or all of the following sources:

"(1) Members' share capital;

"(2) Loans and borrowings including deposits;

"(3) Revolving capital which consists of the deferred payment of patronage refunds, or interest on share capital; and

"(4) Subsidies, donations, legacies, grants, aids and such other assistance from any local or foreign institution whether public or private: Provided, That capital coming from such subsidies, donations, legacies, grants, aids and other assistance shall not be divided into individual share capital holdings at any time but shall instead form part of the donated capital or fund of the cooperative.

"Upon dissolution, such donated capital shall be subject to escheat.

"ART. 73. Limitation on Share Capital Holdings. — No member of a primary cooperative other than a cooperative itself shall own or hold more than ten per centum (10%) of the share capital of the cooperative.

"Where a member of a cooperative dies, his heir shall be entitled to the shares of the decedent: Provided, That the total share holding of the heir does not exceed ten per centum (10%) of the share capital of the cooperative: Provided, further, That the heir qualify and is admitted as member of the cooperative: Provided, finally, That where the heir fails to qualify as a member or where his total share holding exceeds ten per centum (10%) of the share capital, the share or shares in excess will revert to the cooperative upon payment to the heir of the value of such shares.

"ART. 74. Assignment of Share Capital Contribution or Interest. — Subject to the provisions of this Code, no member shall transfer his shares or interest in the cooperative or any part thereof unless:

"(1) He has held such share capital contribution or interest for not less than one (1) year;

"(2) The assignment is made to the cooperative or to a member of the cooperative or to a person who falls within the field of membership of the cooperative; and

"(3) The board of directors has approved such assignment.

"ART. 75. Capital Build-Up. — The bylaws of every cooperative shall provide for a reasonable and realistic member capital build-up program to allow the continuing growth of the members' investment in their cooperative as their own economic conditions continue to improve.

"ART. 76. Shares. — The term 'share' refers to a unit of capital in a primary cooperative the par value of which may be fixed at any figure not more than One thousand pesos (P1,000.00). The share capital of a cooperative is the money paid or required to be paid for the operations of the cooperative. The method for the issuance of share certificates shall be prescribed in its bylaws.

"ART. 77. Fines. — The bylaws of a cooperative may prescribe a fine on unpaid subscribed share capital: Provided, That such fine is fair and reasonable under the circumstances.

"ART. 78. Investment of Capital. — A cooperative may invest its capital in any of the following:

"(a) In shares or debentures or securities of any other cooperative;

"(b) In any reputable bank in the locality, or any cooperative;

"(c) In securities issued or guaranteed by the Government;

"(d) In real estate primarily for the use of the cooperative or its members; or

"(e) In any other manner authorized in the bylaws.

"ART. 79. Revolving Capital. — The general assembly of any cooperative may authorize the board of directors to raise a revolving capital to strengthen its capital structure by deferring the payment of patronage refunds and interest on share capital or by the authorized deduction of a percentage from the proceeds of products sold or services rendered, or per unit of product or services handled. The board of directors shall issue revolving capital certificates with serial number, name, amount, and rate of interest to be paid and shall distinctly set forth the time of retirement of such certificates and the amounts to be returned."