P.R. Laws tit. 7, § 210
When the receiver, either temporary or permanent, or the liquidator of a closed bank or of a bank in liquidation believes that the assets of the said bank are sufficient to pay, wholly or partly, the claims of the depositors and of the creditors, but if, at that particular time and due to the condition of business, or for any other reason, it is impossible to realize said assets without a substantial sacrifice of their value, said receiver or liquidator may, from time to time, request from the court that appointed him or the court having jurisdiction in the matter, authorization to borrow such sum or sums of money as, in his judgment, may be advisable, guaranteeing said loan or loans by the conveyance, pignoration, and/or mortgaging of the property of the bank.
History —July 15, 1935, No. 12, p. 80, § 1.