P.R. Laws tit. 27, § 432
The negotiation process for the sale of the assets of the Authority is hereby authorized, subject to the conditions and procedures established in this chapter. This authorization empowers the sale of some or all the assets of the Authority and of any of its direct or indirect subsidiaries, to one or several buyers, including the public or private sale of all or some of the shares of the P.R.T.C., of any other direct or indirect subsidiary of the Authority, and of any other corporation created pursuant to § 437(a) of this title. The Negotiating Committee is hereby authorized to conduct the process of sale authorized herein. The Negotiating Committee may authorize the President of the Bank to contract whatever experts and advisors are needed, negotiate the terms and conditions of said sale, including the agreements with the buyers that are needed to protect the interests of the Authority, and take whatever steps are necessary and convenient before any Commonwealth, federal or foreign country forum or agency, leading to promote said sale. The sale shall be subject to the conditions imposed by this chapter.
History —Aug. 4, 1997, No. 54, § 3.