P.R. Laws tit. 23, § 6037
Notwithstanding the provisions of Civil Code referring to the obligations of the partners towards third parties, those partners of shareholders that are part of a partnership or any other juridical person organized under the laws of Puerto Rico or any other jurisdiction, that has been granted an exemption under this chapter, or any successor act of a similar nature, shall not be liable with their personal equity beyond their contribution to the juridical concessionaire entity for the debts and obligations thereof, in the event that the equity of the juridical entity is not sufficient to cover them. Provided, That said limited liability shall benefit the partners or shareholders with regard to all the activities of the juridical person, including, but without being limited to:
(a) Claims arising from tourist activities that are subject to said concession;
(b) activities related to the liquidation and termination of said activity;
(c) activities related to the availability and transfer of the property used therein, and
(d) activities related to the operation of any casino that operates under a franchise granted pursuant to §§ 71 et seq. of Title 15. Provided, further, That the benefit of the limited liability provided hereby shall commence on the filing date of an application for exemption under this chapter, and shall apply to any cause of action that arises from facts occurring before the juridical entity is dissolved.
History —Sept. 10, 1993, No. 78, added as § 27A on Jan. 8, 1994, No. 3, § 13; Dec. 20, 1997, No. 179, § 3.