P.R. Laws tit. 10, § 691j
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.