P.R. Laws tit. 5, § 4509

2019-02-20 00:00:00+00
§ 4509. Service reserve

The service reserve shall be nourished by ten percent (10%) of the net savings of the cooperative.

The service reserve shall be used for:

(a) The education of members and non-members, and

(b) community services.

The Board of Directors shall determine how this reserve is to be used within the above mentioned alternatives.

History —Sept. 1, 2004, No. 239, § 19.9.