P.R. Laws tit. 23, § 344
(a) Subject to any contractual limitations binding upon the holders of any issue of bonds, or trustees therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, any holder of bonds, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of bonds similarly situated:
(1) By mandamus or other suit, action or process of law or equity to enforce their rights against the Authority and the Board, their officers, agents and employees to perform and carry out their duties and obligations under §§ 331—352 of this title, as well as their agreements and contracts with the bondholders;
(2) by action or suit in equity, require that the Board and the Authority assume responsibility as if they were the trustees of an express trust;
(3) by action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the bondholders, and
(4) to bring suit upon the bonds.
(b) No remedy conferred by §§ 331—352 of this title upon any holder of the bonds, or any trustee therefor, is intended to be exclusive of any other remedy, but each such remedy is cumulative and in addition to every other remedy, and may be exercised without exhausting and without regard to any other remedy conferred by §§ 331—352 of this title or by any other law. No waiver of any default or breach of duty or contract, whether by any holder of the bonds, or any trustee therefor, shall extend to or shall affect any subsequent default or breach of duty or contract or shall impair any rights or remedies thereon. No delay or omission of any bondholder or any trustee therefor to exercise any right or power accruing upon default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein. Every substantive right and every remedy, conferred upon the holders of the bonds, may be enforced or exercised from time to time and as often as may be deemed expedient. In case any suit, action, or proceeding to enforce any right or exercise any remedy shall be brought or taken and then discontinued or abandoned, or shall be determined adversely to the holder of the bonds, or any trustee therefor, then and in every such case the Authority and such holder, or such trustee, shall be restored to their former positions and rights and remedies as if no such suit, action, or proceeding had been brought or taken.
History —May 7, 1942, No. 125, p. 710, § 14; May 14, 1952, No. 463, p. 976, § 11; Aug. 17, 1989, No. 65, p. 270, § 10, eff. 90 days after Aug. 17, 1989.