P.R. Laws tit. 5, § 4444
2019-02-20 00:00:00+00
When the resignation and voluntary retirement of a member adversely affect the financial interests of the cooperative, its Board of Directors shall make a decision regarding said retirement so that it does not substantially impair the operations and services of the cooperative. When the cooperative has issued preferred shares, said shares shall be subject to the provisions of this section.
History —Sept. 1, 2004, No. 239, § 9.3.