P.R. Laws tit. 5, § 4506
2019-02-20 00:00:00+00
Every cooperative, except housing cooperatives, shall establish the following reserves by the order of priority indicated hereinbelow:
(1) Corporate reserve;
(2) service reserve, and
(3) legal reserves required to carry out specific activities.
History —Sept. 1, 2004, No. 239, § 19.6.