P.R. Laws tit. 5, § 4524
2019-02-20 00:00:00+00
Any withdrawal of shares or contributions of a member made within ninety (90) days prior to a declaration of insolvency of the cooperative shall be null and void. Any member who has withdrawn contributions during said period shall continue to be liable to the creditors of the cooperative for the value of said contributions.
History —Sept. 1, 2004, No. 239, § 22.5.