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4516 — 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 X/
  7. 4516
Puerto Rico Legal Code

4516

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Cooperatives organized under this chapter shall not be considered to be conspiracies or cartels to restrict business, nor as illegal monopolies due to their contracts, business or activities; Furthermore, they shall not be considered to have been organized for the purpose of reducing competition or of fixing prices arbitrarily, nor shall the contracts entered between the same and their members and other sponsors, nor other authorized contracts or contracts entered by virtue of this chapter, be interpreted as illegal restrictions of business and as parties to a conspiracy or cartel to carry out an improper or illegal purpose and act.\nHistory —Sept. 1, 2004, No. 239, § 20.5.