Every contract in which the cooperative is the agent of a member for the purpose of marketing the products or goods of the member may stipulate that the aforementioned transfers to the cooperative his/her fee simple ownership rights of the goods which are the subject to the contract. Said contract shall allow the cooperative to encumber the goods in question in the measure it may deem convenient in order to achieve the ultimate purpose of the contract. Such a contract may be in effect for a maximum term of ten (10) years.\nHistory —Sept. 1, 2004, No. 239, § 20.2.
Puerto Rico Legal Code