P.R. Laws tit. 32, § 3352u

2019-02-20 00:00:00+00
§ 3352u. Self-dealing prohibition

The trustee may not lend trust funds to himself or his dependents or partners, nor buy trust property for himself or a third-party, either in private sale or public auction, without prejudice to the trustee’s authorization in the trust instrument.

History —Aug. 31, 2012, No. 219, § 28.