P.R. Laws tit. 31, § 1296b
(a) The common elements that are personal property shall only be mortgaged or encumbered with the consent of the administrator under such terms and conditions as the administrator in his/her sole discretion may deem convenient and by the affirmative vote of the owners of lodging units in such manner, number or proportion as provided in the master deed. None of the foregoing shall be construed as to grant the owners of lodging units the right to propose terms and conditions for the actions set forth in this subsection, thus clarifying that this subsection only grants the owners of lodging units the right to vote to accept or reject any proposal submitted by the administrator or agent with respect to the issues addressed herein.
(b) The common property may only be mortgaged or encumbered with the consent of the administrator under such terms and conditions as the administrator in his/her sole discretion may deem convenient and by the affirmative vote of the owners of the real property in such manner, number or proportion as provided in the master deed. None of the foregoing shall be construed as to grant owners of lodging units the right to propose terms and conditions for the actions set forth in this subsection, thus clarifying that this paragraph only grants such owners of the real property the right to vote to accept or reject any proposal submitted by the administrator or agent with respect to the issues addressed herein.
History —Aug. 12, 2008, No. 249, § 4.103; Dec. 16, 2009, No. 178, § 4; June 24, 2010, No. 67, § 4.