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3927 — 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 238/
  7. 3927
Puerto Rico Legal Code

3927

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No corporation organized under this chapter may engage in another business which is not the rendering of the professional services for which it was incorporated, or the auxiliary or complementary services thereto; Provided, however, That nothing contained in this subtitle, or in any other provision of law applicable to corporations, shall be interpreted as prohibiting a corporation from investing its funds in real property, mortgages, stock or any other type of investments, or from being the owner of the personal or real property necessary and desirable to carry out the rendering of the professional services for which it was incorporated.\nHistory —Dec. 16, 2009, No. 164, § 18.07.