P.R. Laws tit. 14, § 3660

2019-02-20 00:00:00+00
§ 3660. Powers of court in elections of directors

(a) The Court of First Instance (Superior Part), in any proceeding instituted under §§ 3641, 3644 or 3655 of this title may determine the right and power of persons claiming to own stock, or in the case of nonstock corporations, persons claiming to be members thereof, to vote at any meeting of the stockholders.

(b) The Court of First Instance (Superior Part) may appoint a person to hold any election provided for in §§ 3641, 3644 or 3655 of this title under such orders and powers as it deems proper; and it may punish any officer or director for contempt in case of noncompliance with any order made by the Court of First Instance (Superior Part); and, in case of disobedience by a corporation of any order made by the Court of First Instance (Superior Part), may enter a decree against such corporation for a penalty of not more than five thousand dollars ($5,000).

History —Dec. 16, 2009, No. 164, § 7.20.