P.R. Laws tit. 5, § 4541
Cooperative federations are associations constituted to carry out the following activities at the service of the cooperative organizations of which they are constituted:
(a) Represent and defend the interests of federated cooperatives and coordinate their activities;
(b) oversee the progress of federated cooperatives,
(c) perform audits through certified public accountants at cooperatives of their type when requested by their Boards of Directors by recommendation of the federate body to the Board of Directors of their affiliates;
(d) intervene as arbitrators in conflicts which arise between cooperatives of their type or between the aforesaid and their members, when the parties so request it;
(e) provide permanent advisory services to those cooperatives of their type which request it, primarily in the cooperative, juridical, administrative, managerial, accounting, financial, economic and educational areas;
(f) promote the constitution of new cooperatives in their field and perform feasibility studies at their request;
(g) promote cooperative education;
(h) promote cooperative integration;
(i) carry out financial operations which are not in conflict with the services or operations of their affiliates as a means for achieving their goals, and
(j) other functions for or on behalf of their affiliates that do not compete against the purposes of the cooperatives.
History —Sept. 1, 2004, No. 239, § 27.0.