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4457 — Puerto Rico Law | CourtGPT
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  3. Puerto Rico/
  4. Title Five - Agriculture (§§ 1 — 4706)/
  5. Chapter 102 - General Cooperative Associations Act (2004)sub/
  6. Subchapter VII/
  7. 4457
Puerto Rico Legal Code

4457

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The Board of Directors may convoke general or district special assemblies, when it deems it convenient.\nThe Board of Directors shall be bound to convoke special assemblies when requested by:\n(a) Ten percent (10%) of the total number of members of the cooperative, when it is a matter of a general assembly of members;\n(b) ten percent (10%) of the total number of members of a district, when it is a matter of a district assembly, or\n(c) thirty percent (30%) of the total number of delegates, when it is a matter of a general assembly of a cooperative organized by districts.\nThe petition to the Board shall specify the issues to be discussed at the special assembly.\nHistory —Sept. 1, 2004, No. 239, § 13.0.