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4542 — 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 XI/
  7. 4542
Puerto Rico Legal Code

4542

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Cooperative federations are governed by the following basic norms:\n(a) Only one (1) federation may be constituted for each type of cooperative throughout the Island.\n(b) Each federation shall be constituted by not less than twenty percent (20%) of the primary cooperatives of the same type. Not less than fifty percent (50%) shall be required in those cases in which a federation is constituted by less than forty percent (40%).\nHistory —Sept. 1, 2004, No. 239, § 27.1.