P.R. Laws tit. 7, § 1227
The following words and terms, whenever used or referred to in this chapter, shall have the meaning stated below, unless it is otherwise clearly understood from the context. The present tense shall include the future tense and the masculine gender shall include the feminine, except in those cases where such interpretation is absurd. The singular form shall include the plural and vice versa.
(a) Administration. — Shall mean the Commercial Development Administration created by virtue of Act No. 132 of July 19, 1960, as amended.
(b) Bonds. — Shall mean titles, notes, or other evidence of debt or obligations.
(c) Trade. — Shall mean the exchange of goods and services in the local and international markets in which all productive sectors of the country intervene, including the nonprofit organizations.
(d) Company. — Shall mean the Puerto Rico Trade and Export Company created by this chapter.
(e) CDE. — Shall mean the Puerto Rico Exports Promotion Corporation created by Act No. 1 of August 21, 1990, as amended.
(f) Department. — Shall mean the Department of Economic Development and Commerce of the Commonwealth of Puerto Rico, created by virtue of Reorganization Plan No. 4 of June 22, 1994, App. X of Title 3.
(g) Executive Director. — Shall mean the person who shall manage the Company and shall be its nominating authority.
(h) Board of Directors. — Shall mean the body through which the powers of the Company shall be exercised and vested.
(i) Programs. — Shall mean the initiatives and offerings of the Administration and the CDE.
(j) Secretary. — Shall mean the Secretary of the Department of Economic Development and Commerce.
History —Dec. 28, 2003, No. 323, § 3; Sept. 22, 2004, No. 442, § 2.