P.R. Laws tit. 14, § 3501

2019-02-20 00:00:00+00
§ 3501. Purposes; incorporators

(a) This subtitle shall be known as the “General Corporations Act”.

(b) Corporations may be organized under this subtitle to transact or promote any lawful business or purpose, except those prohibited by the Constitution and laws of the Commonwealth of Puerto Rico.

(c) Any natural person with legal capacity or any juridical person, singly or jointly with others, may incorporate or organize a corporation by filing a certificate of incorporation with the Department of State that shall be executed, acknowledged, filed, and recorded in accordance with § 3503 of this title, and subject to inspection by the public.

History —Dec. 16, 2009, No. 164, § 1.01.