The articles of incorporation of every cooperative shall include the following information:\n(a) The name, which must accompany the word 'cooperative' or an abbreviation thereof; it shall be such as not to be confused with that of any other cooperative, federation, league, association or corporation organized or doing business in Puerto Rico;\n(b) the objectives, ends or purposes for its organization;\n(c) the exact address where the main office of the cooperative is to be located;\n(d) the name, address and personal characteristics of the incorporators, as well as the number of shares subscribed by each of them;\n(e) the total amount of capital with which the cooperative shall begin operations, should it decide to have it;\n(f) the value and the rights pertaining to the contributions or shares, whether common or preferred;\n(g) the number of members with which the cooperative shall begin operations;\n(h) norms regarding amendments to the articles, and\n(i) any other provision which regulates the administration of the affairs, businesses, activities or services of the cooperative, provided they are consistent with this chapter.\nHistory —Sept. 1, 2004, No. 239, § 4.3.
Puerto Rico Legal Code