P.R. Laws tit. 21, § 4757
The association shall meet at least once a year in general assembly to elect its Board of Directors and to consider the annual report on achievements and a financial statement, which shall be certified by a certified public accountant. Any other matters that the Board of Directors decides to bring to the attention of the general assembly, may also be considered.
The association may hold as many special assemblies as the Board of Directors deems necessary. However, it shall be the duty of the Board of Directors to call a special assembly provided it is requested by thirty percent (30%) of the total number of the association’s members.
The Board shall notify all the association’s members by certified mail with acknowledgement of receipt or messenger of the date, time and place of the general assembly.
It will also notify all the members of the association, the municipality or municipalities with jurisdiction, and the pertinent agencies, in writing, of the agreements adopted by the assembly and the reports presented during the meeting.
History —Aug. 30, 1991, No. 81, § 16.008.