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4506 — Puerto Rico Law | CourtGPT
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  4. Title Five - Agriculture (§§ 1 — 4706)/
  5. Chapter 102 - General Cooperative Associations Act (2004)sub/
  6. Subchapter X/
  7. 4506
Puerto Rico Legal Code

4506

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Every cooperative, except housing cooperatives, shall establish the following reserves by the order of priority indicated hereinbelow:\n(1) Corporate reserve;\n(2) service reserve, and\n(3) legal reserves required to carry out specific activities.\nHistory —Sept. 1, 2004, No. 239, § 19.6.