P.R. Laws tit. 7, § 208
After the said plan has been approved by the Secretary of the Treasury of Puerto Rico it shall be obligatory on all depositors and creditors of the said closed bank, except creditors having secured credits, trust funds, and preferred credits in general, for the payment of which there shall be stipulated in the said plan a form of liquidation and payment that does not prejudice their rights in any way; Provided, That the Governor of Puerto Rico, in the name of the Commonwealth Government, is hereby fully empowered to make agreements as to form of liquidation and payment of the credits of the Commonwealth Government, courts, municipalities, and other dependencies of the Commonwealth Government.
History —Apr. 18, 1933, No. 17, p. 218, § 3; Apr. 30, 1948, No. 60, p. 118, § 2.