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1728 — Puerto Rico Law | CourtGPT
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  4. Title Eighteen - Education (§§ 1 — 3510-3520)/
  5. Part IV - Cooperative Schools/
  6. Chapter 103 - Special Act for Youth Cooperatives Sub/
  7. Subchapter III/
  8. 1728
Puerto Rico Legal Code

1728

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Any member can voluntarily resign from the cooperative at any time, after notifying the Board of Directors in writing. The payment of his credits shall be subject to the provisions in Chapter 14, Section 14.2 of this Act.\nMembership status ends for the following reasons:\n(a) The member’s death.\n(b) The member’s resignation.\n(c) Expulsion of the member.\n(d) The cooperative’s termination.\n(e) School graduation.\n(f) Exceeding the maximum age.\nWhen the resignation or voluntary withdrawal of a member adversely affects the interests of a cooperative, the Board shall decide upon the manner of his retirement so that operations are not significantly affected.\nHistory —Aug. 29, 2002, No. 220, § 8.