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1365a — Puerto Rico Law | CourtGPT
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  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 86 - Cooperative Savings and Credit Associations Act of 2002 Sub/
  7. Subchapter V - Assemblies, Board of Directors and Committees § 1365a - Notice/
  8. 1365a
Puerto Rico Legal Code

1365a

The Board of Directors may convoke special, general or district assemblies, when it is deemed convenient. The cooperative shall be bound to call special assemblies when requested by:(a) Ten percent (10%) of the total number of members of the cooperative when it is a general assembly of members;(b) ten percent (10%) of the total number of members of a district when it is a district assembly, or(c) fifty percent (50%) of the total number of delegates, when it is a general assembly in a cooperative organized by districts.The request shall specify the matters to be considered in the extraordinary assembly. History —Oct. 28, 2002, No. 255, § 5.02.

The Board of Directors may convoke special, general or district assemblies, when it is deemed convenient. The cooperative shall be bound to call special assemblies when requested by:(a) Ten percent (10%) of the total number of members of the cooperative when it is a general assembly of members;(b) ten percent (10%) of the total number of members of a district when it is a district assembly, or(c) fifty percent (50%) of the total number of delegates, when it is a general assembly in a cooperative organized by districts.The request shall specify the matters to be considered in the extraordinary assembly. History —Oct. 28, 2002, No. 255, § 5.02.
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