P.R. Laws tit. 7, § 1365k
A supervisory committee shall be elected at the first general assembly of members or delegates of every cooperative, which shall be composed of three (3) members. The members of the supervisory committee shall be elected for a term of not more than three (3) years each, and shall hold office until their successors are elected. Regarding their reelection, the members of the supervisory committee shall be subject to the same limitations as the members of the Board. The general regulations of every cooperative shall provide for the staggered election of the committee by the corresponding general assembly of members or of delegates, so that the term of election of not more than one-third (1 / 3) of the members of said committee elapses in the same year.
When a vacancy occurs among the members of the supervisory committee, the remaining members shall designate an eligible member to fill the vacancy, subject to ratification by the next general assembly of members or delegates, as the case may be. Every person nominated to fill a vacancy shall appear before the consideration of the next assembly of members or delegates, as the case may be. In the event said committee member is ratified by the corresponding assembly, said committee member shall hold office until the expiration of the term for which the member of the original committee was elected. In the event the member is not ratified, the assembly shall proceed to elect a committee member who shall hold office until the expiration of the term for which the original committee member was elected.
History —Oct. 28, 2002, No. 255, § 5.12.