P.R. Laws tit. 23, § 492
2019-02-20 00:00:00+00
The Fund shall hold an annual informative assembly of all the cooperatives within ninety (90) days following the close of its annual operations. In said assembly, the annual report indicated in Section 12 of this Act shall be rendered, and the representatives of the cooperatives shall be elected. In the event there are causes that prevent the holding of the assembly within said period, the Board may, by the consent of two thirds (2 / 3) of its members, defer the holding of the same for a maximum period of one hundred and twenty (120) days.
History —Aug. 18, 2002, No. 198, § 14.