P.R. Laws tit. 5, § 981k
(a) The employees of the Company shall be included within the Exempt Service under Act No. 345 of May 12, 1947, as amended, known as the Personnel Act.
(b) Any commonwealth officers or employees that shall have been appointed to a position in the Company who, prior to said appointment, were beneficiaries of any existing pension, retirement or savings and loan fund system or systems, shall have the rights, privileges, obligations, and status with respect to such system or systems that are now prescribed by law for officers and employees holding similar positions in the Commonwealth Government.
(c) All employees so appointed to positions in the Company who, at the time of their appointment, held or shall have held positions in the Commonwealth Government or had any rights or status under the rules and classifications in force pursuant to the Puerto Rico personnel laws, shall have the same status with respect to employment or refund in the service of the Commonwealth Government as they had at the time they entered the service of the Company, or such better or higher right or status as the Puerto Rico Personnel Office shall consider to be consistent with advancement attained in the Company.
(d) All officers and employees of the Company who, at the time of their appointment, had or shall later acquire, some right or status under the rules and classifications of the Puerto Rico Personnel Office for appointment to any similar position in the Commonwealth Government shall have, upon request, the same rights, privileges, obligations, and status, with respect to becoming beneficiaries of any existing pension, retirement or savings and loan fund system or systems, as if they had been appointed to similar positions in the Commonwealth Government. The Company shall be subject to the provisions of the Minimum Wage Act.
(e) No person shall hold any office or employment in the Company who has a substantial direct or indirect financial interest in any private enterprise operated with capital provided by the Company or whose business is in competition with any of the businesses engaged in by the Company. This restriction does not apply to the holding of shares in cooperative associations, nor shall limit the rights of said person to share in such associations by virtue of their holding such shares.
History —June 21, 1966, No. 90, p. 288, § 12.