Cooperatives may organize by districts, if it is thus provided in their general regulations. In such cases, the general regulations shall provide that the participation of the members shall be directed through duly elected delegates constituted in an assembly of delegates. The general regulations shall also establish the number of delegates to be elected for each district and the directors at large to be elected to the Board of Directors in representation of the assembly of delegates. The Corporation shall be advised of the way that the districts shall be constituted. History —Oct. 28, 2002, No. 255, § 3.05. Cooperatives may organize by districts, if it is thus provided in their general regulations. In such cases, the general regulations shall provide that the participation of the members shall be directed through duly elected delegates constituted in an assembly of delegates. The general regulations shall also establish the number of delegates to be elected for each district and the directors at large to be elected to the Board of Directors in representation of the assembly of delegates. The Corporation shall be advised of the way that the districts shall be constituted. History —Oct. 28, 2002, No. 255, § 3.05.
Puerto Rico Legal Code