Puerto Rico Operations by Less Than All Parties

State:
Multi-State
Control #:
US-OG-711
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a provision for an Operating Agreement that addresses forfeitures by a non-consenting party in any operations by less than all parties.

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FAQ

The debate over Puerto Rico's statehood remains as relevant as ever, as the island struggles with the combined effects of economic depression, shrinking population, debt crisis and bankruptcy, natural disasters, the COVID-19 pandemic, and government mismanagement.

Today, the Republican and Democratic parties dominate the political process?both of them heirs to predecessor parties from the 18th and 19th centuries. With rare exceptions, members of the two major parties control the presidency, the Congress, the governorships and the state legislatures.

The Republican Party of Puerto Rico (Spanish: Partido Republicano de Puerto Rico) is the local affiliate of the national United States Republican Party in Puerto Rico.

In the mainland United States, six Republicans from Florida and a significant number of Republicans across the country are in favor of granting Puerto Rico statehood.

For example, in the United States, the Bahamas, Jamaica, and Zimbabwe, the sense of two-party system describes an arrangement in which all or nearly all elected officials belong to either of the two major parties, and third parties rarely win any seats in the legislature.

The politics of Puerto Rico are dominated by three political parties: the Partido Nuevo Progresista (PNP), the Partido Popular Democratico (PPD), and, to a lesser extent, the Partido Independentista Puertorriqueno (PIP).

Three main alternatives are generally presented to Puerto Rican voters during a Puerto Rico political status plebiscite: full independence, maintenance or enhancement of the current commonwealth status, and full statehood into the American Union.

Based on 1930s New Deal economic relief reforms and infrastructure provided by the programs such as the Puerto Rico Reconstruction Administration, Operation Bootstrap intended to move Puerto Rico away from its agrarian system and into an industrial economy.

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Puerto Rico Operations by Less Than All Parties