P.R. Laws tit. 13, § 111ff

2019-02-20 00:00:00+00
§ 111ff. Right of GDB to coordinate and control debt enforcement and recovery procedures

(a) GDB shall have, on its own behalf and on behalf of the public sector obligor, at all stages of proceedings including appeals and certiorari proceedings, standing to raise, appear on, be heard on, prosecute, and defend against any and all issues and requests for relief in a consensual debt relief transaction under §§ 112-112f of this title or in a case under §§ 113-113nn of this title. The eligible obligor or the petitioner shall reimburse GDB for all its costs and expenses therefor.

(b) All rights of a public sector obligor to take action in seeking and leading its consensual debt relief transaction under §§ 112-112f of this title or in commencing and prosecuting its case under §§ 113-113nn of this title shall extend to GDB on behalf of the public sector obligor, in which instances GDB may act through its own attorneys, or the public sector obligor’s attorneys shall take instructions from GDB. Each action taken by GDB shall be binding on the public sector obligor.

History —June 28, 2014, No. 71, § 133.