P.R. Laws tit. 10, § 1133
2019-02-20 00:00:00+00
Transactions for cash made on exchange must be consummated on the same day of their execution, or at the utmost, in the time intervening until the next meeting of the exchange.
The seller shall be under the obligation to deliver, without further delay, the instruments or securities sold and the purchaser to receive them, satisfying their price immediately.
Transactions on time and conditional ones shall be consummated in the same manner at the time agreed upon.
History —Commerce Code, 1932, § 51.