Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
1367 — 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 86 - Cooperative Savings and Credit Associations Act of 2002 Sub/
  7. Subchapter VII - Institutional Changes § 1367a - Mergers or Consolidations—voluntary/
  8. 1367
Puerto Rico Legal Code

1367

Ask AI about this
No cooperative shall merge or consolidate with another cooperative, except as provided in §§ 1367a and 1368f of this title. Cooperatives shall not sell their assets nor acquire obligations or debts insurable by the Corporation, except in the normal course of business, with the prior authorization of the Corporation and pursuant to what is established by regulations.\nHistory —Oct. 28, 2002, No. 255, § 7.01.