P.R. Laws tit. 7, § 211

2019-02-20 00:00:00+00
§ 211. Borrowing by receiver or liquidator—Contents of application

Said application shall contain a complete, detailed statement of the reasons on which he bases his application; the amount of the loan involved; the rate of interest to be paid thereon; the term; the kind of guaranty to be conveyed, pignorated, and/or mortgaged; the sum to be paid to the creditors and/or to the depositors; the percentage to be paid to each kind of creditors and/or to each depositor, and any other information which, in his judgment, may be pertinent.

History —July 15, 1935, No. 12, p. 80, § 2.