P.R. Laws tit. 14, § 3973
Unless otherwise provided in an LLCA, the management of an LLC shall be vested in its members in proportion to their percentages or other interest of members in the profits of the LLC owned by all of the members. The decisions shall be made by the members owning more than fifty percent (50%) of the said proportion or other interest in the profits. Provided, however, That if a limited liability company agreement provides for the management, in whole or in part, of an LLC by a manager, the management of the LLC, to the extent so provided, shall be vested in the manager who shall be chosen in the manner provided in the LLCA. The manager shall hold the offices and have the responsibilities accorded to the manager provided in an LLCA. Subject to § 3986 of this title, a manager shall cease to be a manager as provided in an LLCA. An LLC may have more than one (1) manager, unless otherwise provided in an LLCA, each member and manager has the authority to bind the LLC.
History —Dec. 16, 2009, No. 164, § 19.23.