P.R. Laws tit. 30, § 1726
The term of three years prescribed by article 384 of the Mortgage Regulation of 1893 for the return of bonds to registrars of property who shall have been permitted to substitute them, is hereby reduced to three months. The same term is hereby fixed for the return of the bonds to notaries substituting their bonds: Provided, That in those cases where the registrar of property or notaries have furnished corporate bonds, said bonds may be terminated by either the party bonded or surety, upon giving sixty days’ notice in writing to the Chief Justice of the Supreme Court, which notice of termination shall be communicated by the secretary of the court to the party bonded, requesting a new bond. Should no new bond be substituted or furnished within said sixty days, the commission of the registrar or notary shall be canceled. A certificate of termination shall be furnished the surety company on the expiration of the sixty days’ notice, but the bond so terminated shall be considered good and valid, for three years after its termination, for acts committed during the period said bond was in existence.
History —Mar. 9, 1911, No. 69, p. 224, § 2; Mar. 7, 1912, No. 50, p. 94.