P.R. Laws tit. 19, § 2340

2019-02-20 00:00:00+00
§ 2340. Acceptance and refusal to accept record

(a) Mandatory refusal to accept record.— A filing office shall refuse to accept a record for filing for a reason set forth in § 2336(b) of this title and may refuse to accept a record for filing only for a reason set forth in § 2336(b) of this title.

(b) Communication concerning refusal.— If a filing office refuses to accept a record for filing, it shall communicate to the person that presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing-office rule but in no event more than two (2) business days after the filing office receives the record.

(c) When filed financing statement effective.— A filed financing statement satisfying subsections (a) and (b) of § 2322 of this title and subsection (b) is effective, even if the filing office is required to refuse to accept it for filing under subsection (a). However, § 2288 of this title applies to a filed financing statement providing information described in § 2336(b)(5) of this title which is incorrect at the time the financing statement is filed.

(d) Separate application to multiple debtors.— If a record communicated to a filing office provides information that relates to more than one (1) debtor, this part applies as to each debtor separately.

History —Sept. 19, 1996, No. 241, added as § 9-520 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.