The League of Cooperatives of Puerto Rico is the federated cooperative organization at the highest level of cooperative integration and it shall be exclusively composed, with equal rights and obligations by:\n(a) Cooperatives federations.\n(b) Central cooperatives.\n(c) The Cooperative Bank, insurance cooperatives, and other cooperative institutions which in any case enjoy the juridical nature of central cooperatives but, because of their activities, must comply with certain particular requirements of the Commonwealth.\n(d) Basic or first level cooperatives, until the development of a second level structure which ensures due representation of basic cooperatives.\nThe organizational structure of the League of Cooperatives shall be established in the bylaws adopted by its assembly of delegates, following the same procedure for approval and amendments established in the bylaws of the cooperatives.\nHistory —Sept. 1, 2004, No. 239, § 28.2.
Puerto Rico Legal Code