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691j — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Ten - Commerce (§§ 1 — 4196)/
  5. Subtitle 1 - Regulation of Business Generally/
  6. Chapter 33a - Puerto Rico Investment Companies Act of 2013 § 691 - Definitions/
  7. 691j
Puerto Rico Legal Code

691j

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No registered investment company shall, unless authorized by the vote of a majority of its issued voting securities, and notifies the Commission after carrying out such affirmative vote:(a) Change its subclassification under § 691a of this title.(b) Deviate from its investments objectives or from any fundamental policy recited in its registration statement pursuant to § 691c of this title.(c) Change the nature of its business so as to cease to be an investment company as defined in § 691 of this title.(d) Change its option to pay taxes as a corporation or partnership as provided in § 30041(a)(34) of Title 13, known as the 'Internal Revenue Code for a New Puerto Rico'.(e) Issue preferred stocks convertible into common stocks as provided in subsection L of Section 12[sic]. History —July 30, 2013, No. 93, § 13; Nov. 27, 2013, No. 137, § 8.