P.R. Laws tit. 28, § 91m
No person may be a member of the Board of Directors of the Corporation, neither of a Board of Directors of one of its subsidiaries, nor hold an executive office in the Corporation, nor in one of its subsidiaries, who has a direct or indirect economic interest in any enterprise whose business is in competition with, or which does business with the Corporation, or with one of its subsidiaries, or who holds positions in other public or private entities, operated or not for profit, which may be in conflict with the performance of his duties as director or executive.
Upon ceasing in his official functions and during the following five (5) years, the principal officers of the Corporation or its subsidiaries as well as the members of the Board of Directors thereof, shall not work for or in any way receive payment from private enterprises which have or have had contracts or transact or have transacted business with the Corporation or its subsidiaries and the business of which is competitive or might be in conflict with those of the Corporation.
The Secretary of Justice shall interpret and apply these provisions motu proprio or upon complaints or petitions filed by any citizen.
History —July 2, 1975, No. 145, p. 433, § 14.