P.R. Laws tit. 21, § 4802
Three (3) or more natural persons who are of legal age, residents of the municipality and are not officials or employees of the municipal government, may submit an application to the mayor to be authorized to register with the State Department as a nonprofit special corporation to operate under the provisions of this chapter. The application shall be signed by all of the incorporators.
If the mayor, after the corresponding evaluation, determines that the special corporation to be formed is for one of the purposes contemplated in this chapter and believes it to be in the best interests of the municipality, he will submit a draft resolution to the Legislature to authorize the creation of the special corporation under the privileges and provisions of this chapter.
Once the resolution authorizing the formation of said entity under the provisions of this chapter is passed by the Legislature, the incorporators may file a certificate of incorporation with the Secretary of State, together with a certified copy of the resolution passed by the Legislature.
The Secretary of State shall not authorize the registration of a special corporation without the prior approval of the Legislature of the municipality in question.
No municipality shall authorize the creation of more than one special corporation for the same purpose.
History —Aug. 30, 1991, No. 81, § 17.002.