P.R. Laws tit. 5, § 4476

2019-02-20 00:00:00+00
§ 4476. Dismissal of directors

Any member may initiate dismissal proceedings against a director by filing a written petition before the Secretary or the Chairperson of the cooperative and with a copy to be remitted to the supervision committee, signed by five percent (5%) of the remaining members of the members, stating the charges brought against said director.

Any director may initiate dismissal proceedings against another director by filing a written petition before the Secretary or the Chairperson of the Board of Directors and with a copy to be remitted to the supervision committee, signed by two-thirds (⅔) of the remaining members of the Board, stating the charges brought against said director.

Said petition shall be submitted for the consideration of the next assembly of members, which may be specially called for that purpose. Said assembly may dismiss the Director of the Board with the concurrent vote of the majority of the members present.

No member of a directing body shall be dismissed from office in a general assembly of members by reason of labor-management conflicts.

History —Sept. 1, 2004, No. 239, § 15.11.