P.R. Laws tit. 20, § 3524
The College shall have the following powers:
(a) To subsist and operate under its own name.
(b) To own and use an official seal, which the College may alter, as provided in its bylaws.
(c) To adopt bylaws, as decided in the General Assembly, which shall be binding upon all of its members, and amend them as necessary pursuant to the norms provided for therein. The bylaws thus adopted shall have the endorsement of the Professional Planners Examining Board.
(d) To sue and be sued as a juridical person.
(e) To acquire rights and property, whether real or personal, through purchase, donation, exchange, bequeathal or by any other legal means; to own said property or mortgage, lease and employ the same in any legal manner and pursuant to its bylaws.
(f) To take money on loan and constitute sureties for the payment thereof.
(g) To create insurance and special protection fund systems to cover members on a voluntary basis.
(h) To provide, through its bylaws, the charging of College membership fees.
(i) To exercise incidental powers as necessary or convenient to fulfill its purposes and objectives pursuant to this chapter.
History —Apr. 30, 2008, No. 51, § 5.