P.R. Laws tit. 10, § 1039

2019-02-20 00:00:00+00
§ 1039. Registration of increase or reduction of capital

There shall also be entered in the registry all resolutions or acts which produce an increase or decrease in the capital of commercial associations, no matter what may be their denomination, and those which modify or alter the conditions of the recorded instruments.

The omission of this requisite shall produce the effects mentioned in the § 1038 of this title.

History —Commerce Code, 1932, § 18.