P.R. Laws tit. 5, § 4536

2019-02-20 00:00:00+00
§ 4536. Superior grade cooperatives—Organization

Cooperatives may constitute second level or superior grade cooperatives, or enter into association with them by means of resolutions by two-thirds (2 / 3) of the incumbent directors of the Board of Directors.

They may also become associated with similar organizations and with non profit associations.

Second or superior grade cooperatives thus organized shall be governed by the provisions of this chapter and shall be registered at the Department of State.

History —Sept. 1, 2004, No. 239, § 25.1.