All regular members shall be empowered to cast their vote personally or through a proxy in all matters on which the members of the corporation are entitled to vote; but no proxy vote may be cast one (1) year after the granting of said proxy, unless a longer period is specifically provided therein. The right of a regular member to vote may only be delegated on a proxy who is a regular member of the corporation. The proxy of one (1) or more regular members cannot cast more than two (2) votes delegated on him/her in addition to the one he/she is entitled to cast for the membership certificate he/she holds, unless all of the votes for which he/she has been appointed proxy belong to persons who are his/her relatives within the fourth degree of consanguinity or the second of affinity, in which case he/she may cast a maximum of five (5) votes.\nSpecial members’ votes may be cast by means of delegates or proxies as determined in the certificate of incorporation. Special members’ votes may be cast by delegates to prevent voting by fractions of a vote, but no delegate may cast a number that exceeds an equivalent of five (5) votes, regardless of the number of members represented by those be cast by delegates to prevent voting by fractions of a vote, but no delegate may cast a number that exceeds an equivalent of five (5) votes, regardless of the number of members represented by those five (5) votes. Delegates or proxies of special members must be other special members. The manner and time that the special members shall select their delegates or proxies shall be provided in the special corporation’s bylaws.\nCorporate members may delegate on their directors or officers, respectively, to cast the votes they are entitled to.\nHistory —Dec. 16, 2009, No. 164, § 16.05.
Puerto Rico Legal Code