(a) A close corporation need not approve bylaws if the provisions required by law to appear in the bylaws are stated in the certificate of incorporation or in a stockholders’ agreement authorized by § 3829 of this title.\n(b) If a corporation does not have bylaws upon termination of its status as a close corporation pursuant to § 3838 of this title the corporation must immediately approve bylaws pursuant to the provisions of Section 1.09 [sic].\nHistory —Dec. 16, 2009, No. 164, § 14.12.
Puerto Rico Legal Code