P.R. Laws tit. 7, § 3116
2019-02-20 00:00:00+00
Every Fund will be created with a term of existence that will be determined by its general partners. The general partner has the ability to automatically extend the term of existence of the Fund for a maximum period of one (1) year. Additional terms of existence shall require approval in accordance to Fund statutes to the extent that the majority of the Fund’s limited partners consent the extension.
History —Nov. 12, 2014, No. 185, § 7.