P.R. Laws tit. 19, § 1715
A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:
(1) Took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or
(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant, or
(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.
History —Aug. 17, 1995, No. 208, added as § 8-115 on Sept. 19, 1996, No. 241, § 12.