P.R. Laws tit. 5, § 4539

2019-02-20 00:00:00+00
§ 4539. Central cooperatives—Purpose

Central cooperatives shall be officially recognized as juridical persons pursuant to the present chapter. They are profit-making entities organized to carry out activities such as the following, at the service of the cooperatives that constitute, the same, their members or the public:

(a) Provide machinery, equipment, tools, supplies, construction material, provisions and other goods necessary or convenient for their use, consumption, production or distribution.

(b) Preferentially market and/or industrialize the products of the integrated organizations.

(c) Carry out import and export operations.

(d) Provide goods or services to be used in common.

(e) Provide advisory services in the specialty areas of the central cooperatives.

(f) Coordinate or unify services common to integrated cooperative organizations.

(g) Carry out any other financial activities allowed by the laws of the Commonwealth of Puerto Rico.

History —Sept. 1, 2004, No. 239, § 26.0.