918

The consumer cooperative associations duly organized pursuant to the provision of former §§ 881—909 of this title, known as the General Cooperative Associations Act of Puerto Rico, as subsequently amended, shall be exempt from payment of municipal license taxes authorized under the provisions of Act No. 26, approved March 28, 1914, known as the Municipal License Tax Act, as amended, with regard to the volume of business done by the said cooperative associations with their members. History —June 20, 1955, No. 81, p. 300, § 2, eff. July 1, 1955.