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3880 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Fourteen - Private Corporations (§§ 1 — 4084)/
  5. Subtitle 5 - General Corporations Act (2009)/
  6. Chapter 236/
  7. 3880
Puerto Rico Legal Code

3880

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(a) Regular and periodic compensation distributed by the special employee-owned corporation to its full-time regular members for their work in the special corporation shall be deemed as an advance of profits and not as wages or salaries to the effects of labor legislation. Advance of profits shall not be distributed to part-time regular members.\nRegular members shall not be deemed to be employees or workers in their work relationship with the special employee-owned corporation, to the effects of labor-protective legislation; Provided, That to such effects, they shall be deemed as self-employed, with the exception of the application and benefits of §§ 1 et seq. of Title 11, known as the 'Compensation System for Work-Related Accidents Act', as well as with respect to §§ 701 et seq. of Title 29, known as the 'Puerto Rico Employment Security Act'.\n(b) Payment of advances of profits shall be subject to the same restrictions imposed for the payment of productivity credit notices found in § 3877 of this title.\nHistory —Dec. 16, 2009, No. 164, § 16.10.