P.R. Laws tit. 5, § 4538
The following shall be officially recognized as juridical persons pursuant to the present chapter:
(a) The League and the federations may be members of international cooperative organizations;
(b) may carry out financial activities compatible with their needs and functions as a means of achieving their ends;
(c) shall have boards or general assemblies of delegates as sovereign bodies and shall be composed of the delegates from the respective integrated cooperative organizations, who shall be members of said cooperatives;
(d) the general assemblies or boards, councils or committees of the central cooperatives, the federations and the League shall be constituted solely by the delegates of the organizations which have been integrated with them provided they maintain their nature as such;
(e) as regarding other aspects, the provisions of the present chapter which refer to the organizational and operational structure of primary cooperatives are applicable to the League, the federations and the central cooperatives, and
(f) the League and the federations shall not refuse the incorporation to their organization any cooperative organization which meets the requirements of law.
History —Sept. 1, 2004, No. 239, § 25.3.