P.R. Laws tit. 7, § 1365b
In every general or district assembly of members, a quorum of not less than ten percent (10%) of the first one thousand (1,000) members, and three percent (3%) of the excess of one thousand (1,000) members shall be required; Provided, That those members who are minors, shall not be considered for the purpose of computing the required quorum, nor shall they be considered as members present to complete said quorum. Any member who is delinquent in his/her obligations with the cooperative as of the date that the call to the meeting is issued shall also be excluded from both computations.
A quorum of the majority of elected delegates shall be required in the assemblies of members. In general assemblies of members or delegates, as pertinent, quorum shall never be less than the total number of members to be elected to the Board, and to the credit and supervision committees.
The members of the Board and of the committees elected as delegates in an assembly shall abstain from voting on their respective reports or matters related to their functions.
In the event that the required quorum is not achieved in a first call to meeting, a second call to meeting shall be issued for the assembly, in which the members or delegates that are present shall constitute quorum. The second call to meeting shall never be made before two hours have elapsed from the first call, provided that the first and second call have been expressly indicated in the written notices remitted to the corresponding members or delegates, with an express indication that the members present for the second call would constitute quorum.
History —Oct. 28, 2002, No. 255, § 5.03.