P.R. Laws tit. 21, § 5104

2019-02-20 00:00:00+00
§ 5104. Attachment and sale of debtor’s assets—Transfer of title to buyer; distribution of proceeds of the sale

Payment of the bidding price of the personal property sold, its delivery and that of the sales account, shall give the buyer title to and rights over said property. All of the remainder of the proceeds of the sale received in excess of the taxes, penalties and cost and costs shall be returned by the Collection Center to the owner of the property sold, or his/her assignees in the manner prescribed by § 5103 of this title. The unsold part of said personal property shall be left at the site of the auction at the owner’s expense and risk.

History —Aug. 30, 1991, No. 83, § 4.04.