P.R. Laws tit. 32, § 3352j
2019-02-20 00:00:00+00
A natural person has the capacity to be a trustee to the extent that he has the capacity to administer the trust property for his own benefit.
A juridical person has the capacity to be a trustee to the extent that it has the capacity and authority by law to administer the trust property for a particular trust.
The trustor can be a trustee.
The beneficiary can be a trustee, provided he is not the sole beneficiary. If the trust has several beneficiaries, they can all be trustees.
The State can be a trustee, provided that it is expressly empowered by law for a particular trust.
History —Aug. 31, 2012, No. 219, § 17.