P.R. Laws tit. 14, § 3506
2019-02-20 00:00:00+00
If the persons who are to serve as directors until the first annual meeting of stockholders have not been designated in the certificate of incorporation, the incorporator or incorporators shall manage the affairs and the organization of the corporation until such directors are elected and may take the necessary measures to obtain the required stock subscription and perfect the organization of the corporation, including the adoption of the original bylaws of the corporation and the election of the directors.
History —Dec. 16, 2009, No. 164, § 1.06.