P.R. Laws tit. 5, § 4533
2019-02-20 00:00:00+00
A bill of agreement for the merger or consolidation of the cooperatives shall be distributed among all the members of each cooperative together with the summons to said assembly. The bill shall establish the terms and conditions of the merger or consolidation, the manner in which it shall be carried out, and the way in which the capital is to be represented, the rights and obligations of the members and directors, and all other details and provisions which the directors may deem necessary or pertinent in order to perfect the merger or consolidation.
History —Sept. 1, 2004, No. 239, § 24.3.