The president, or the person acting in his stead, and at least two members of the Board of Directors of the exchange, shall always be present at the meetings of the exchange in order to decide what may be proper in such cases as may arise.\nThe Board of Directors shall fix the rate of the monthly liquidations at the close of the exchange on the last day of each month, on the basis of the average quotations of the day.\nThe said Board shall be in charge of receiving the partial liquidations and of preparing the general monthly liquidation.\nHistory —Commerce Code, 1932, § 72.
Puerto Rico Legal Code