Upon subscribing and acknowledging the articles of incorporation as hereinbefore provided and upon submitting the two copies of the same to the Secretary of State of Puerto Rico, and payment of the proper filing fees, and upon the issuance by the Secretary of State of Puerto Rico, and under his seal, of his certificate that the said articles containing the statements required by the foregoing section have been filed in the Department of State, the existence of the trust company named in the said articles of incorporation shall begin, and from and after the date of such filing said trust company shall be and shall constitute a body corporate under the name set forth in the said articles, subject, however, to dissolution as §§ 301—503 of this title provided.
Upon the issuance by the Secretary of State of Puerto Rico of his certificate, as hereinbefore provided, he shall so notify the Secretary of the Treasury of Puerto Rico, and at the same time shall transmit to him the duplicate copy of the articles of incorporation.
The articles of incorporation filed in accordance with the provisions of §§ 301—503 of this title, or a copy thereof duly legalized by the Secretary of State of Puerto Rico, shall be prima facie evidence of the facts therein contained.
History —Apr. 23, 1928, No. 40, p. 234, § 7, eff. 90 days after Apr. 23, 1923.