Ley 600

Ley 600, officially known as Law 600, was enacted in Puerto Rico to regulate the establishment and operation of cooperatives. It provides a legal framework that outlines how cooperatives can be formed, governed, and dissolved. The law aims to promote economic development through cooperative ownership, allowing members to collaboratively manage resources and share benefits. It sets guidelines for membership, management structures, and financial operations, ensuring transparency and accountability. Overall, Ley 600 supports the cooperative movement as a means of fostering community engagement and economic empowerment in Puerto Rico.