P.R. Laws tit. 7, § 492
2019-02-20 00:00:00+00
If any trust company shall refuse to submit its books, papers and affairs to the inspection of any duly appointed examiner, or if it shall be found to have violated its charter or any law governing it, or if it is found to be insolvent, the Secretary of the Treasury of Puerto Rico shall report the fact to the Secretary of Justice of Puerto Rico who shall institute such action as may be necessary in the proper court and if the court shall find that the charges made are true, it shall decree the dissolution and liquidation of such trust company.
History —Apr. 23, 1928, No. 40, p. 234, § 28, eff. 90 days after Apr. 23, 1928.