Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
806 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 67 - Savings and Loans Labor Bank of Puerto Rico § 801 - Creation/
  7. 806
Puerto Rico Legal Code

806

Ask AI about this
In the exercise of the voting right of Class 'A' and 'D' shares, vote by proxy is hereby forbidden.It is hereby established that there shall be only one vote to each Class 'A' and Class 'D' shareholder regardless of the number of shares of this kind held by him.In case the bank comes into possession of any Class 'A' and 'D' shares it shall be bound to dispose of them through public or private sale within a period of one (1) year from the date of acquisition. History —June 14, 1960, No. 86, p. 162, § 6; June 28, 1969, No. 117, p. 327, § 2; July 1, 1975, No. 134, Part 1, p. 404, § 3.