P.R. Laws tit. 10, § 1463
2019-02-20 00:00:00+00
The liquidators shall be liable to the members for any loss suffered by the common funds on account of fraud or serious negligence in the discharge of their duty, but are not authorized to transact business nor to compromise the common interests, unless the members have expressly granted them these privileges.
History —Commerce Code, 1932, § 150.