P.R. Laws tit. 5, § 4456
(a) Division. — The bylaws of the cooperative may provide for the division by districts of the territory where its members reside.
(b) Assemblies. — The members of each district shall hold at least one (1) assembly every year, and such special assemblies as may be duly convoked by the Board of Directors of the cooperative.
(c) Direction of the work. — The works of regular assemblies and district special assemblies shall be directed by the Chairperson of the Board of Directors of the cooperative or by a director designated by the Board.
(d) Quorum. — The quorum required to hold a district assembly shall be five percent (5%) of the first thousand (1,000) members and three percent (3%) of the excess over one thousand (1,000) members who reside in the district.
(e) Election of delegates. — A number of delegates that shall never be less than three (3), or the number corresponding to one percent (1%) of the members in the district, whichever is greater, shall be elected at the district assembly. The delegates elected shall take office in the constituting assembly.
When two (2) summonses are issued for a district assembly of delegates and the required quorum is not achieved, incumbents holding office as directors of the cooperative shall continue to hold said positions until their successors are elected and take office.
(f) General assembly. — Cooperatives organized by districts shall hold at least one (1) annual general assembly composed of delegates. Delegates elected in the district assembly shall constitute the official representation of the members of the district at the regular or special general assemblies of the cooperative. Each district delegate shall be entitled to a single vote.
(g) Quorum for the general assembly. — A general assembly of a cooperative organized by districts shall be legally constituted when two-thirds (⅔) of the total number of delegates elected by the districts are present.
History —Sept. 1, 2004, No. 239, §§ 12.0—12.6.