P.R. Laws tit. 21, § 6622
The association shall select a Board of Directors of at least three (3) persons from among all its members duly assembled, except as set forth in § 6655 of this title, in which case the Board of Directors may be constituted by less than three (3) persons.
The Board of Directors shall be responsible for making all administrative decisions related to the operation of the association and ensuring that the agreements of the general assembly are kept. The agreement of the Board of Directors shall be adopted by majority vote of all its members entitled to vote, unless the regulations of the association provide otherwise. The Board shall meet at least once every three (3) months through a notice to such effects signed by the Chairman.
The Board of Directors, on behalf of the association, may directly or indirectly contract the services needed to establish the improvement projects, chargeable to the funds appropriated for their development. The operating costs incurred for the management of the works and programs shall not exceed the amount established by the Company through regulations to such effects. Neither the association nor its Board of Directors may appropriate funds for donations to civic, political, religious or labor union campaigns or for lobbying. Travel or representation expenses and any other expense of a similar nature shall be regulated by the Company through the regulations it deems should be promulgated for such purpose.
History —Aug. 8, 1998, No. 207, § 2.002, eff. 60 days after Aug. 8, 1998.