P.R. Laws tit. 5, § 4457

2019-02-20 00:00:00+00
§ 4457. Special assemblies—Notice

The Board of Directors may convoke general or district special assemblies, when it deems it convenient.

The Board of Directors shall be bound to convoke special assemblies when requested by:

(a) Ten percent (10%) of the total number of members of the cooperative, when it is a matter of a general assembly of members;

(b) ten percent (10%) of the total number of members of a district, when it is a matter of a district assembly, or

(c) thirty percent (30%) of the total number of delegates, when it is a matter of a general assembly of a cooperative organized by districts.

The petition to the Board shall specify the issues to be discussed at the special assembly.

History —Sept. 1, 2004, No. 239, § 13.0.