P.R. Laws tit. 7, § 1365t
Any member or official of the Board of Directors may be separated from office for the following causes:
(a) Incur any of the actions constituting cause for the separation of members of a cooperative that are established in § 1364e of this title.
(b) Violate the provisions of this chapter, §§ 1334 et seq. of this title, known as the “Corporation Act” or any of the acts that apply to the operation of the cooperative or of the regulations adopted, or administrative orders duly issued by virtue of said laws and regulations.
(c) Violate the corporate clauses or the general regulations of the cooperative.
(d) Incur conduct that constitutes a violation of his/her fiduciary duties.
(e) Is no longer eligible pursuant to this chapter and its regulations, for the office he/she holds or that his/her participation in the affairs of the cooperative is injurious to the best interests or the financial solvency thereof.
(f) Present a pattern of absences without just cause therefore. The code of ethics of each cooperative shall provide the norms, parameters and procedures pertaining to this matter.
(g) Engage in inadequate practices in the performance of his/her functions in the cooperative.
(h) Fail to comply with the requirements provided in § 1365d of this title.
(i) Prevent, hinder, or unduly interfere, by intentional or negligent act or omission, with the convocation or holding of any of the assemblies of the cooperative as provided by this chapter, the regulations adopted by virtue thereof, the certificate of incorporation of the cooperative, or its general regulations.
History —Oct. 28, 2002, No. 255, § 5.21.