P.R. Laws tit. 20, § 2675
The Association shall have the following powers:
(a) To subsist and operate under its name.
(b) To adopt and use an official seal, which it may [change] as provided in its bylaws.
(c) To adopt bylaws as provided in a General Assembly, which shall be compulsory for all its members, and submit them to any amendments necessary in accordance with the rules established therein.
(d) To sue and be sued as a juridical person.
(e) To acquire rights and property, personal and real, through purchase, donation, exchange, legacy or any other legal means; to own, mortgage, lease or dispose thereof in any legal manner and in accordance with its bylaws.
(f) To make loans and constitute guarantees for the payment of such duly approved commitments, as provided in the approved bylaws in effect.
(g) To designate its directors, employees and officers.
(h) To create voluntary participation insurance systems and special protection funds for its members.
(i) To provide, through the bylaws, for the collection of membership fees.
(j) To exercise the incidental and necessary or convenient powers to fulfill its obligations and purposes in accordance with this chapter.
History —Aug. 16, 2006, No. 160, § 5[bis]