P.R. Laws tit. 7, § 806
2019-02-20 00:00:00+00
In the exercise of the voting right of Class “A” and “D” shares, vote by proxy is hereby forbidden.
It is hereby established that there shall be only one vote to each Class “A” and Class “D” shareholder regardless of the number of shares of this kind held by him.
In case the bank comes into possession of any Class “A” and “D” shares it shall be bound to dispose of them through public or private sale within a period of one (1) year from the date of acquisition.
History —June 14, 1960, No. 86, p. 162, § 6; June 28, 1969, No. 117, p. 327, § 2; July 1, 1975, No. 134, Part 1, p. 404, § 3.