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4464 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Five - Agriculture (§§ 1 — 4706)/
  5. Chapter 102 - General Cooperative Associations Act (2004)sub/
  6. Subchapter VIII/
  7. 4464
Puerto Rico Legal Code

4464

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Any member or official of the Board, of the supervision committee or of any other standing committee may be separated from office for the following reasons:\n(a) Incurs any of the acts which are cause for separation of members from a cooperative, as provided for by this chapter.\n(b) Violation of the provisions of this chapter or the bylaws adopted by virtue thereof to ensure the faithful performance of their fiduciary obligations.\n(c) Violation the bylaws of the cooperative.\n(d) Violation or disregarding the resolutions or agreements adopted by the assembly of the cooperatives pursuant to the applicable laws and bylaws.\n(e) Is no longer eligible to hold office, as provided by this chapter.\n(f) Incurs gross negligence in the performance of their duties.\n(g) Incur negligent or fraudulent practices in the administration and operation of the cooperative.\nHistory —Sept. 1, 2004, No. 239, § 14.4.