P.R. Laws tit. 10, § 4123
2019-02-20 00:00:00+00
The provisions of this chapter shall not affect the characterization of the transactions through which a seller sells one or more financial assets to a purchaser subject to the obligation of repurchasing the same on a certain date or at the option of the purchaser through a repurchase agreement or through which a purchase buys one or more financial assets subject to the obligation of reselling the same to the seller on a certain date or at the option of the purchaser through a reverse repurchase agreement.
History —Feb. 23, 2007, No. 13, § 4.