P.R. Laws tit. 5, § 4514
The articles of incorporation or the bylaws may provide for the creation of loan capital in favor of the cooperative.
Said loan capital shall be collected through the cash contribution of members, through savings or interest accrued by the members in their transactions with the cooperative. The maximum limit of the contributions or investments of the members shall be fixed in the articles or the bylaws. If the contract between the cooperative and the member does not stipulate a fixed date for withdrawal nor include any other limiting provision, the member may withdraw his/her investment at any time. Should the Board of Directors deem that said withdrawal is prejudicial to the operations of the cooperative, it may require a term of not less than ninety (90) days to execute the same.
History —Sept. 1, 2004, No. 239, § 20.3.