P.R. Laws tit. 3, § 9016
The net profit derived by the Association, after deducting the administrative expenses and the authorized reserves, as well as any other amount that the Assembly of Delegates decides to use for any undertaking or transaction beneficial to members, shall be annually credited as dividends to those members who contribute to the Savings and Loan Fund in proportion to their respective savings at the close of operations of the corresponding fiscal year. These dividends shall be credited to the savings account of each member and shall be paid along with his/her savings upon separation from office for any reason, and, in case of death, to his/her legal heirs.
When an employee permanently separates from his/her employment prior to the close of operations of the corresponding fiscal year, he/she shall be entitled to receive the payment corresponding to the proportional accreditation of the dividends based on his/her savings and the dividends accrued as of the date of his/her separation from employment. In the event that the employee has an outstanding debt with the Association, this payment shall be credited against his/her debt.
History —Apr. 25, 2013, No. 9, § 17.