4510

The external investments of the cooperative shall be preferably made in other cooperative organizations.\nThe cooperative may also make its investments in the following manner:\n(a) In bank accounts or institutions insured by the Federal Deposit Insurance Corporation, or in cooperative savings and credit unions insured by the Public Corporation for the Supervision and Insurance of Cooperatives in Puerto Rico, or in any other entity insured by banking insurance institutions of the federal government or of the Commonwealth of Puerto Rico;\n(b) in bonds of the Commonwealth of Puerto Rico or the United States of America;\n(c) in bonds or stocks of government corporations of the Commonwealth of Puerto Rico and the United States of America;\n(d) in entities which meet the requirements for trusts, and\n(e) in shares and securities of any organization whose activities are in accordance with the operations of the cooperative.\nHistory —Sept. 1, 2004, No. 239, § 19.10.