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https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/761/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 761 - Specific powers | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 761 - Specific powers | In addition to the general powers granted to the Puerto Rican corporations by our laws, the Bank shall have the following specific powers:
(a) To purchase, sell, discount and negotiate bills of exchange, drafts, promissory notes and other negotiable instruments; to make loans for a specified term to natural or [juridic... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/762/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 762 - Regulation of loans | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 762 - Regulation of loans | The Board of Directors shall establish the regulations covering the granting of loans by the Bank.
History —June 21, 1966, No. 88, p. 257, § 12. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/763/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 763 - Discounts to employees | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 763 - Discounts to employees | Any employee may authorize, with the consent of his employer, that a fixed amount be periodically discounted from his wages or salary to be forwarded to the Bank for the following purposes:
(a) To deposit in a savings account in the Bank to the name of the employee.
(b) For the purchase of the Bank’s stock.
(c) To appl... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/764/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 764 - Restrictions on loans | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 764 - Restrictions on loans | The Bank shall not make to the same person, whether natural or [juridical], one or more loans aggregating more than fifteen percent (15%) of its paid-in capital and reserve fund, nor shall it accept the security of any one person, firm, partnership, or corporation in an amount exceeding fifteen percent (15%) of its pai... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/765/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 765 - Reserve Fund | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 765 - Reserve Fund | The Bank shall annually cover not less than ten percent (10%) of its net income into a fund which shall be known as Reserve Fund. Contributions to said fund shall continue until it becomes equal to the aggregate amount of the Bank’s paid-in capital. The balance of the net income of the year shall be posted upon the sur... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/766/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 766 - Tax exemptions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 766 - Tax exemptions | (a) General rule. — Except as provided in subsection (b) of this section:
(1) It is hereby declared that the Cooperative Bank complies with a purpose consistent with the public policy of the Commonwealth of Puerto Rico in matters related to the cooperative movement. Therefore, the Bank, its operational and financial su... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/767/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 767 - Legal reserve | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 767 - Legal reserve | The Bank shall always maintain a reserve which shall be known as “legal reserve”, and which shall not be less than twenty percent (20%) of its debentures payable on demand, with the exception of deposits of the Government of the Commonwealth of Puerto Rico, the municipal governments, public corporations and instrumenta... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/768/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 768 - Inspection | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 768 - Inspection | The Commissioner of Financial Institutions shall make at least one examination each year of the operations and activities of the Bank. The expenses incurred by the Commissioner in this examination shall be reimbursed by the Bank. Said examination shall cover the conditions and resources of the Bank, the manner of condu... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/768a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 768a - Suspension or removal of directors and officers | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 768a - Suspension or removal of directors and officers | When the Commissioner of Financial Institutions determines there is evidence that any director or officer of the Cooperative Bank of Puerto Rico has violated this chapter, the rules and regulations promulgated hereunder or a final injunction, or has performed acts contrary to sound banking practices in connection with ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/769/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 769 - Designation of receiver | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 769 - Designation of receiver | If as a result of the examination made of the Bank the Commissioner of Financial Institutions obtains evidence that the Bank is not in sound economic condition to continue its business, or that it is being managed in such manner that its depositors are in jeopardy of being defrauded, the Commissioner of Financial Insti... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/770/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 770 - Reports; accounting system; unclaimed amounts; publication of notice | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 770 - Reports; accounting system; unclaimed amounts; publication of notice | (a) The Bank shall render to the Commissioner of Financial Institutions all such reports as the latter may require for the discharge of his supervisory functions.
(b) It shall be the duty of the Cooperative Bank to publish each year in a newspaper of general circulation in the area in which it is located, a statement o... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/771/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 771 - Books, papers and affairs | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 771 - Books, papers and affairs | If the Bank shall refuse to submit its books, papers and affairs to the inspection of any examiner of the Treasury Department, or if it should appear that the Bank has violated its charter or any law concerning it, the Secretary of the Treasury shall proceed to declare the liquidation and dissolution of the Bank and sh... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/772/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 772 - Acceptance of gifts; penalties | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 772 - Acceptance of gifts; penalties | Any officer, director, employee or agent of the Bank who receives or agrees to receive anything of value from any person or enterprise, for procuring for him or it, or for any other person or enterprise, any loan, or the purchase of or discount on any negotiable document of the Bank shall be guilty of a felony and puni... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/772a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 772a - Violation of this chapter, penalties | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 772a - Violation of this chapter, penalties | Any director, officer, employee or agent of the Bank who, knowingly and maliciously violates or allows the violation of the provisions of this chapter, or the regulations promulgated hereunder by the Commissioner of Financial Institutions, shall be guilty of a felony, and upon conviction, shall be punished with impriso... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/773/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 773 - Discredit of financial situation or solvency; penalties | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 773 - Discredit of financial situation or solvency; penalties | Any person or publication that knowingly and maliciously makes, circulates or transmits to another, or to others, any statement, hearsay or suggestion, written, printed, or oral, which directly or by inference detracts from the financial condition of the Bank, or which affects the solvency or credit of the Bank, or any... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/774/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 774 - Investments—Cooperatives | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 774 - Investments—Cooperatives | All types of cooperatives organized under the laws of the Commonwealth of Puerto Rico are hereby authorized to invest in stocks and bonds of the Bank.
History —June 21, 1966, No. 88, p. 257, § 24. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/775/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 775 - Investments—Commonwealth and instrumentalities | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 775 - Investments—Commonwealth and instrumentalities | The Commonwealth, its municipalities, instrumentalities and public corporations, savings and retirement funds administered by the Commonwealth and its instrumentalities, including the Teachers’ Retirement Fund as well as the Savings and Loan Fund of the Employees Association of the Government of Puerto Rico, are hereby... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/776/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 776 - Investments—Cooperative Development Administrator | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 776 - Investments—Cooperative Development Administrator | The Cooperative Development Administrator is hereby authorized to invest his/her funds in the organization and promotion of the Bank.
History —June 21, 1966, No. 88, p. 257, § 26; Aug. 13, 1998, No. 238, § 3. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/777/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 777 - Fines | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 777 - Fines | Any violation of the provisions of this chapter or of regulations promulgated hereunder by the Commissioner of Financial Institutions shall be subject to an administrative fine to be determined by the Commissioner of Financial Institutions, and which shall in no case exceed one thousand dollars ($1,000). Provided, That... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/778/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 778 - Application of the “Banking Law” | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 778 - Application of the “Banking Law” | The provisions of the “Banking Law” in force, §§ 1 et seq. of this title, shall be applicable to the Bank insofar as compatible with the provisions of this chapter.
History —June 21, 1966, No. 88, p. 257, § 28. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/779a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 779a - Guaranteed payment obligations for capital | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 779a - Guaranteed payment obligations for capital | The Government of Puerto Rico is authorized to guarantee the payment at maturity of a series of capital obligations for an amount of up to ten million dollars ($10,000,000), plus interest pending payment thereon; to be issued by the Cooperative Bank of Puerto Rico. This guarantee shall be effective at the time that the... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/779b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 779b - Issuance of capital obligations with a fixed or variable rate of interest | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 779b - Issuance of capital obligations with a fixed or variable rate of interest | The Cooperative Bank of Puerto Rico, created by §§ 751—778 of this title, is hereby authorized to issue capital obligations with a fixed or variable rate of interest and a term of maturity which shall not exceed ten (10) years from the effective date of this act, and in compliance with the provisions of § 779a of this ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-66/779c/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c)›§ 779c - Funds | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 66 - Cooperative Bank of Puerto Rico (§§ 751 — 779c) › § 779c - Funds | The Secretary of the Treasury is authorized to acquire an advance of any liquid resources of the General Fund of the Commonwealth Treasury, or to borrow from the Government Development Bank or from private banks, those sums that are necessary to comply with the purposes of the §§ 779a—779c of this title.
History —July ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/801/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 801 - Creation | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 801 - Creation | The creation of a corporation to operate under the name of “Savings and Loans Labor Bank of Puerto Rico”, hereinafter to be referred to as the Labor Bank, is hereby authorized.
History —June 14, 1960, No. 86, p. 162, § 1. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/802/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 802 - Purpose; activities | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 802 - Purpose; activities | The purpose of the Savings and Loans Labor Bank of Puerto Rico is to promote the welfare of the Puerto Rican workers by encouraging regular and systematic saving on their part, and the utilization of such savings, in addition to other resources the institution may avail itself of, for:
(a) Meeting the legitimate credit... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/803/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 803 - Principal office; branches | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 803 - Principal office; branches | The principal office of the Labor Bank shall be located in San Juan, Puerto Rico. Such branches as the Board of Directors of the Labor Bank may deem necessary may be established, but the same shall be approved by the Secretary of the Treasury. The Board of Directors may request the transfer of its principal office and ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/804/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 804 - Minimum capital | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 804 - Minimum capital | The minimum capital required for the establishment of the Labor Bank shall be one hundred thousand dollars ($100,000), which must be paid in before the institution commences to operate as a bank in Puerto Rico.
History —June 14, 1960, No. 86, p. 162, § 4. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/805/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 805 - Classes of stock | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 805 - Classes of stock | The capital shall consist of four (4) types of common stocks: Class “A” shares, Class “B” shares, Class “C” shares, and Class “D” shares, which shall have the same par value, and preferred Class “E” shares. Class “A” shares shall be voting stock, and shall be held by natural persons who are accredited members of labor ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/806/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 806 - Voting rights | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 806 - Voting rights | In the exercise of the voting right of Class “A” and “D” shares, vote by proxy is hereby forbidden.
It is hereby established that there shall be only one vote to each Class “A” and Class “D” shareholder regardless of the number of shares of this kind held by him.
In case the bank comes into possession of any Class “A” ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/807/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 807 - Incorporation | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 807 - Incorporation | Five (5) or more natural persons residing in Puerto Rico, each and every one of them being accredited members of different central bodies of labor unions recognized in Puerto Rico, may request of the Secretary of the Treasury authorization to establish the Savings and Loans Labor Bank of Puerto Rico, by filing an appli... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/808/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 808 - Commencement of operations | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 808 - Commencement of operations | The Labor Bank shall commence its banking operations as soon as the Secretary of the Treasury shall certify that all organization requirements established by law or regulations have been complied with.
History —June 14, 1960, No. 86, p. 162, § 8. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/809/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 809 - Administration of Bank’s business | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 809 - Administration of Bank’s business | (a) The business of the Bank shall be managed and its corporate powers exercised by a Board of Directors composed of seven (7) members who shall be Class “A” shareholders. The Board of Directors shall promulgate bylaws for the internal government of the Bank, which bylaws shall be approved by the General Meeting of Sto... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/810/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 810 - Stockholders’ meetings | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 810 - Stockholders’ meetings | There shall be held at least one (1) regular general meeting of stockholders for the election of the Board of Directors, every two (2) years and as many special meetings as may be necessary in the opinion of the Board of Directors.
Notice of the general meetings shall be served through labor unions to stockholder at le... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/811/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 811 - General powers | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 811 - General powers | In addition to the powers granted to Puerto Rican corporations by the laws of Puerto Rico, the Labor Bank shall have the following general powers:
(a) To accept deposits in checking accounts, savings deposits and fixed-term deposits and to issue evidence thereof. But the Bank may:
(1) Refuse any amounts tendered in dep... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/812/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 812 - Loan regulations; wage deductions upon default | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 812 - Loan regulations; wage deductions upon default | The Board of Directors shall establish the regulations covering the granting of loans by the Labor Bank; Provided, That in establishing such regulations, the Board shall provide for the granting of loans to workers in seasonal employment.
After the approval of this act, when the worker so authorizes in writing under hi... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/813/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 813 - Wage deductions for savings accounts or stock purchases; funeral ex... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 813 - Wage deductions for savings accounts or stock purchases; funeral expenses | When a worker or employee signs an authorization, the employer or officer shall regularly deduct from his wages or salary the authorized amount to be forwarded to the Labor Bank and deposited in a savings account to the name of the said worker or employee. Also, when an accredited member of a labor union or of a teache... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/814/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 814 - Limitations on loans; checks | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 814 - Limitations on loans; checks | The Labor Bank shall not grant to the same person, natural or juridical, one or more loans amounting to a sum greater than fifteen percent (15%) of its paid-in capital and reserve fund, neither shall it accept the surety of any person, firm, partnership or corporation for a sum in excess of fifteen percent (15%) of its... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/815/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 815 - Dividends; reserve fund | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 815 - Dividends; reserve fund | The directors of the Labor Bank may periodically declare dividends to its stockholders in such amount as they may deem reasonable; Provided, That the Labor Bank shall, before declaring dividends on its common stock, cover not less than ten percent (10%) of its net income during the period to which the dividends so decl... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/816/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 816 - Exemption from taxes | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 816 - Exemption from taxes | The Labor Bank, including its capital, reserves and surpluses, and its loans and income, shall be exempt from all kinds of taxes heretofore or hereafter levied by the Commonwealth of Puerto Rico or any political subdivision thereof, and all stock and capital debentures issued shall be exempt, in their value and in the ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/817/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 817 - Uncollectible accounts reserve | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 817 - Uncollectible accounts reserve | The Board of Directors of the Labor Bank shall set aside annually a sum equivalent to one half of one percent (0.5%) of the total of the loans outstanding and not duly secured or guaranteed by any government agency, to form what shall hereinafter be known as the uncollectible accounts reserve. The uncollectible account... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/817a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 817a - Legal reserve | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 817a - Legal reserve | The Labor Bank shall always keep a reserve that shall be called “legal reserve” and which shall not be less than twenty percent (20%) of its obligations payable at sight, except the deposits of the Government of the Commonwealth of Puerto Rico, of municipal governments, public corporations and instrumentalities of the ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/818/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 818 - Examinations by Secretary of the Treasury | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 818 - Examinations by Secretary of the Treasury | The Secretary of the Treasury shall make at least one examination each year of the operations and activities of the Labor Bank. The expenses incurred by the Secretary of the Treasury in this examination shall be reimbursed by the Labor Bank. Said examination shall cover the conditions and resources of the Bank, the man... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/819/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 819 - Receivership | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 819 - Receivership | (a) If as a result of an audit made of the Labor Bank, the Secretary of the Treasury obtains evidence that said Bank is not in a sound financial condition to continue its business or that it is being managed in such a way that its depositors run the risk of being defrauded, the Secretary of the Treasury shall assume th... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/820/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 820 - Reports to Secretary of the Treasury | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 820 - Reports to Secretary of the Treasury | The Labor Bank shall render to the Secretary of the Treasury all such reports as the latter may require in connection with the function of supervision.
History —June 14, 1960, No. 86, p. 162, § 20. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/821/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 821 - Liquidation and dissolution | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 821 - Liquidation and dissolution | If the Labor Bank shall refuse to submit its books, papers and matters to the inspection of any examiner duly appointed by the Secretary of the Treasury, or if it should appear that the Bank has violated its charter or any law concerning it, the Secretary of the Treasury shall proceed to declare the liquidation and dis... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/822/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 822 - Banking law not applicable | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 822 - Banking law not applicable | The provisions of the Banking Law in force, §§ 1 et seq. of this title, shall not be applicable to the corporation created hereunder.
History —June 14, 1960, No. 86, p. 162, § 22. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/823/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 823 - Penalties | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 823 - Penalties | (a) If the Bank violates any of the provisions of this chapter or of the regulations promulgated by the Secretary of the Treasury hereunder, it shall be subject to an administrative fine to be determined by the Secretary of the Treasury, and which in no case shall exceed ($1,000) dollars.
(b) Every director, officer or... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/824/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 824 - Destruction of records | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 824 - Destruction of records | Upon previous authorization and under the supervision of the Secretary of the Treasury the Bank may destroy the books, records or original documents after having photographed their contents, after the lapse of ten (10) years from the date of the last entry in such books or records or from the date any obligation has ce... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-67/825/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825)›§ 825 - Unlawful preference for creditors | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 67 - Savings and Loans Labor Bank of Puerto Rico (§§ 801 — 825) › § 825 - Unlawful preference for creditors | (a) Every transfer of notes, bonds, bills of exchange, debt to the Bank or deposits to its credit, every mortgage assignment, surety on real property, or judgment or decree in its favor; every deposit of money, or other thing of value for its use or for the use of stockholders and creditors made after the Bank is insol... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/851/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 851 - Title | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 851 - Title | This chapter shall be known as the “Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank of Puerto Rico Act”.
History —Mar. 16, 1979, No. 24, p. 50, § 1. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/852/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 852 - Creation | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 852 - Creation | A public corporation and a government instrumentality denominated “Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank of Puerto Rico”, which shall hereinafter be referred to as “the Corporation”, is hereby created. The powers and the duties of the Corporation shall be carried out... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/853/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 853 - Powers | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 853 - Powers | The Corporation is created with the purpose of acting as receiver in the liquidation of the Savings and Loans Labor Bank of Puerto Rico, and to such effect shall exercise all the powers needed to carry out the purposes of this chapter, including but not being limited to the following:
(a) Adopt the regulations needed f... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/854/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 854 - Tax exemption | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 854 - Tax exemption | (a) The purposes for which the Corporation is created and for which it shall exercise its powers are public purposes for the benefit of the People of Puerto Rico, and the exercise thereof constitutes the fulfillment of the essential government functions. For such reasons, the Corporation is hereby exempted from the pay... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/855/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 855 - Reports | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 855 - Reports | (a) The Corporation shall submit to the Secretary of the Treasury within the term of ninety (90) days counting from the closing of each calendar year the following:
(1) A financial statement certified by a certified public accountant and a complete report on the Corporation’s activities for the previous year, and
(2) a... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-68/856/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856)›§ 856 - Termination of exist... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 68 - Corporation for the Administration of the Receivership of the Savings and Loans Labor Bank (§§ 851 — 856) › § 856 - Termination of existence | The Board of Directors of the Corporation, by means of a resolution to this effect, may terminate the existence of the Corporation after having concluded its function as receiver of the Savings and Loans Labor Bank of Puerto Rico.
History —Mar. 16, 1979, No. 24, p. 50, § 6. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-69a/924/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928)›§ 924 - Definitions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928) › § 924 - Definitions | (a) Authority. — Means the Puerto Rico Housing Financing Authority, the name by which the Puerto Rico Housing Financing Corporation, as defined hereinbelow, shall be known as of the effective date of this act.
(b) Housing Bank. — Means the Puerto Rico Housing Bank and Financing Agency, a public corporation subsidiary o... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-69a/926/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928)›§ 926 - Transfer | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928) › § 926 - Transfer | (a) All the assets, functions, contracts, agreements, exemptions and privileges of the Housing Bank are hereby transferred to the Authority, as well as all its existing rights records and resources as of the effective date of this act.
(b) All debts, liabilities, obligations, agreements and the collective bargaining ag... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-69a/927/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928)›§ 927 - Board of Directors | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928) › § 927 - Board of Directors | Seven (7) members who shall be appointed by the Governor of Puerto Rico, shall constitute the Board of Directors of the Puerto Rico Housing Financing Authority. Two (2) of them shall be ex-officio members, who are: the Secretary of the Department of Housing, who shall chair the Board of Directors; the Chairperson of th... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-69a/928/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928)›§ 928 - Responsibility to notify [of] affordable housing projects | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 69A - Puerto Rico Housing Financing Authority Act (§§ 924 — 928) › § 928 - Responsibility to notify [of] affordable housing projects | The Puerto Rico Housing Financing Authority shall have the responsibility to prepare a register of existing and future affordable housing projects, including their location, the developer, and telephone numbers of the contacts and the person in charge of the project in the Puerto Rico Housing Financing Authority. This ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1051-1062/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ § 1051—1062 - Repealed. Act Dec. 30, 2010, No. 247, § 6.7, eff. 120 days aft... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § § 1051—1062 - Repealed. Act Dec. 30, 2010, No. 247, § 6.7, eff. 120 days after Dec. 30, 2010 | History —June 5, 1973, No. 97, p. 413, § 1; July 23, 1974, No. 127, Part 1, p. 568, § 1; Aug. 2, 1988, No. 146, p. 607, § 1; Aug. 10, 1995, No. 149, § 1; Dec. 12, 2002, No. 276, § 1; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1052/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1052 - License for business of granting mortgage loans; exceptions [Repealed... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1052 - License for business of granting mortgage loans; exceptions [Repealed] | History —June 5, 1973, No. 97, p. 413, § 2; July 23, 1974, No. 127, Part 1, p. 568, § 2; Aug. 2, 1988, No. 146, p. 607, § 2; Aug. 10, 1995, No. 149, § 1, eff. 30 days after Aug. 10, 1995; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1053/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1053 - License application and fees; resident agent; capital [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1053 - License application and fees; resident agent; capital [Repealed] | History —June 5, 1973, No. 97, p. 413, § 3; July 23, 1974, No. 127, Part 1, p. 568, § 3; Aug. 2, 1988, No. 146, p. 607, § 3; June 2, 1994, No. 26, § 1; Aug. 10, 1995, No. 149, § 1, eff. 30 days after Aug 10, 1995; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1054/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1054 - Proceeding [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1054 - Proceeding [Repealed] | History —June 5, 1973, No. 97, p. 413, § 4; July 23, 1974, No. 127, Part 1, p. 568, § 4; Aug. 2, 1988, No. 146, p. 607, § 4; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1055/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1055 - Annual licenses—Requirements [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1055 - Annual licenses—Requirements [Repealed] | History —June 5, 1973, No. 97, p. 413, § 5; July 23, 1974, No. 127, Part 1, p. 568, § 5; Aug. 2, 1988, No. 146, p. 607, § 5; Aug. 10, 1995, No. 149, § 1; July 19, 1998, No. 155, § 1; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1056/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1056 - Annual licenses—Revocation; temporary suspension; waiver; existing co... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1056 - Annual licenses—Revocation; temporary suspension; waiver; existing contracts [Repealed] | History —June 5, 1973, No. 97, p. 413, § 6; July 23, 1974, No. 127, Part 1, p. 568, § 6; Aug. 2, 1988, No. 146, p. 607, § 6; Aug. 20, 1997, No. 96, § 1; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1057/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1057 - Powers of Commissioner [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1057 - Powers of Commissioner [Repealed] | History —June 5, 1973, No. 97, p. 413, § 7; July 23, 1974, No. 127, Part 1, p. 568, § 7; Aug. 2, 1988, No. 146, p. 607, § 7; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1057a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1057a - Prohibited practices [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1057a - Prohibited practices [Repealed] | History —June 5, 1973, No. 97, p. 413, added as § 7A on July 23, 1974, No. 127, Part 1, p. 568, § 8; Aug. 2, 1988, No. 146, p. 607, § 8; Aug. 10, 1995, No. 149, § 1; Aug. 20, 1997, No. 96, § 2; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1058/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1058 - Duties of concessionaire [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1058 - Duties of concessionaire [Repealed] | History —June 5, 1973, No. 97, p. 413, § 8; July 23, 1974, No. 127, Part 1, p. 568, § 9; Aug. 2, 1988, No. 146, p. 607, § 9; Aug. 20, 1997, No. 96, § 3; July 19, 1998, No. 155, § 2; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1059/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1059 - Orders to cease and desist [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1059 - Orders to cease and desist [Repealed] | History —June 5, 1973, No. 97, p. 413, § 9; Aug. 2, 1988, No. 146, p. 607, § 10; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1060/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1060 - Regulations [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1060 - Regulations [Repealed] | History —June 5, 1973, No. 97, p. 413, § 10; Aug. 2, 1988, No. 146, p. 607, § 11; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1061/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1061 - Penalties [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1061 - Penalties [Repealed] | History —June 5, 1973, No. 97, p. 413, § 11; Aug. 2, 1988, No. 146, p. 607, § 12; Aug. 20, 1997, No. 96, § 4; Dec. 12, 2002, No. 276, § 2; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1061a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1061a - Fraudulent practices when obtaining mortgage loans [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1061a - Fraudulent practices when obtaining mortgage loans [Repealed] | History —June 5, 1973, No. 97, p. 413, added as § 12 on Dec. 12, 2002, No. 276, § 3; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-73/1062/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063)›§ 1062 - Reconsideration and review [Repealed] | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 73 - Concessionaires of Mortgage Loans (§§ 1051-1062 — 1063) › § 1062 - Reconsideration and review [Repealed] | History —June 5, 1973, No. 97, p. 413, § 12; July 23, 1974, No. 127, Part 1, p. 568, § 10; Aug. 2, 1988, No. 146, p. 607, § 13; Aug. 10, 1995, No. 149, § 1; renumbered as § 13 on Dec. 12, 2002, No. 276, § 4; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1071/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1071 - Definitions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1071 - Definitions | For purposes of this chapter, the following terms shall have the meaning stated below:
(a) Liquid assets.— Means assets that can be converted into cash in a short time, bank deposits, and securities with a maturity of less than three (3) months.
(b) Agent.—- Means any person who acts, operates, and executes in the name... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1072/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1072 - Application, exclusions and prohibitions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1072 - Application, exclusions and prohibitions | (a) Application.— This chapter shall apply to every person who offers or renders services as loan and financing broker, and to any money lender, agent, financial planner, financial consultant or advisor, as these terms are defined in § 1071 of this title.
(b) The Puerto Rico Education and Rehabilitation Society (SER de... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1073/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1073 - Obtaining a license; exceptions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1073 - Obtaining a license; exceptions | No person, except those excluded from the applicability of this chapter, banks authorized to do business in Puerto Rico, trust companies, federal agencies or entities of the Government of Puerto Rico, credit and savings cooperative banks, government retirement systems, federal savings and loan associations, insurance c... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1074/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1074 - License and application fees | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1074 - License and application fees | The application for a license to engage in the financial intermediation business shall be made under oath and shall be filed in the Office of the Commissioner. The same shall indicate the name and address where the main office of the business shall be established in Puerto Rico, and shall also contain any information r... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1075/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1075 - Processing the application | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1075 - Processing the application | (a) License application.—
(1) Any person interested in obtaining a license to engage in the financial intermediation business shall file a sworn application with the Office of the Commissioner of Financial Institutions along with all the required information and on the forms provided therefor by the Office.
(2) A licen... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1076/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1076 - License renewal | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1076 - License renewal | (a) Each license shall remain in effect until its expiration date which shall be at the end of each calendar year or until it is suspended, revoked, or surrendered.
(b) All renewal applications shall be filed not later than December 1st of each year and shall include:
(1) The annual license fee of one thousand eight hu... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1077/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1077 - Repealed. Act Dec. 30, 2010, No. 248, § 6, eff. Dec. 30,... | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1077 - Repealed. Act Dec. 30, 2010, No. 248, § 6, eff. Dec. 30, 2010 | History —Oct. 14, 1995, No. 214, § 8; July 29, 1996, No. 92, § 2; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1078/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1078 - Duties of the licensee | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1078 - Duties of the licensee | (a) Examination.— Every licensee, as provided in this chapter, shall be required to make available to the Commissioner for examination accounting books, records, documents, and any other information that the Commissioner may deem necessary and allow the Commissioner or his/her representatives free access to his/her pro... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1079/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1079 - Additional duties and obligations | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1079 - Additional duties and obligations | Every licensee, as provided in this chapter, shall fulfill the following duties and obligations:
(1) The relationship with his/her clients shall be deemed to be of a fiduciary nature and he/she shall be required to exercise his/her functions with the utmost degree of diligence, care, loyalty and monetary benefit for hi... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1080/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1080 - Prohibited practices | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1080 - Prohibited practices | No person, licensee, member of the board of directors, or the committees, nor any executive officer, official, employee, or agent of the licensee under the provisions of this chapter may:
(1) Solicit, receive or collect in advance, the total or partial payment of any commission or fees for services to be rendered.
(2) ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1081/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1081 - Transfer of capital or control | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1081 - Transfer of capital or control | (a) No licensee under the provisions of this chapter may initiate the sale, assignment, merger, conversion, exchange, or any other transfer of voting stock, interest, or shares in the capital of a licensee without the prior written authorization of the Commissioner if, by means of said transaction, a person could direc... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1082/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1082 - Waiver, revocation, or suspension of license | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1082 - Waiver, revocation, or suspension of license | (a) Any licensee may surrender a license by providing a written notice to the Commissioner, but shall notify his /her decision to the Commissioner within at least thirty (30) days before the surrender takes effect. The Commissioner may direct and conduct an examination of the licensee’s business before accepting said s... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1083/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1083 - Powers of the Commissioner | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1083 - Powers of the Commissioner | In addition to the powers and authorities conferred upon the Commissioner by the Organic Act, he/she shall be empowered to:
(1) Conduct investigations, at the request of interested parties or on his/her own initiative, regarding alleged violations of this chapter, as well as any other investigations needed for the soun... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1084/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1084 - Cease and desist orders | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1084 - Cease and desist orders | Upon determining that a person has committed a violation of this chapter or an administrative order or resolution, or regulation approved hereunder, the Commissioner shall enter an order to cease and desist against the defendant, and prescribe the remedial terms and conditions that he/she determines, by means of the ev... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1085/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1085 - Regulations | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1085 - Regulations | The Commissioner shall issue the regulations he/she deems necessary to enforce the provisions of this chapter.
History —Oct. 14, 1995, No. 214, § 16; renumbered as § 15 on Dec. 30, 2010, No. 248, § 14. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1086/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1086 - Reconsiderations and review | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1086 - Reconsiderations and review | All matters concerning administrative hearing procedures, adjudicative procedures, and reconsiderations and review of orders and resolutions issued by the Commissioner, shall be governed by the provisions of §§ 2101 et seq. of Title 3, known as “Commonwealth of Puerto Rico Uniform Administrative Procedures Act”, and by... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-74/1087/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087)›§ 1087 - Penalties | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 74 - Regulation of the Financial Intermediation Business (§§ 1071 — 1087) › § 1087 - Penalties | The Commissioner is hereby authorized to impose and collect administrative fines of not less than one hundred dollars ($100) nor more than five thousand dollars ($5,000), for any violation to the provisions of this chapter or to the provisions contained in the rules and regulations promulgated by virtue thereof.
The Co... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80/1226/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b)›§ 1226 - Early retirement | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b) › § 1226 - Early retirement | Any employee of the Puerto Rico Commercial and Agricultural Credit and Development Corporation, in its nature as a public corporation as defined in § 763 of Title 3, who is a participant of the Employees Retirement System of the Government of Puerto Rico and its Instrumentalities and, as of the effective date that the ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80/1226a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b)›§ 1226a - Cost of pensions for early retirement | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b) › § 1226a - Cost of pensions for early retirement | The Puerto Rico Commercial and Agricultural Credit and Development Corporation shall pay the actuarial cost of the pensions provided by §§ 1226—1226b of this title to the Employees Retirement System of the Government of Puerto Rico and its Instrumentalities. Said actuarial cost shall consist of the difference between t... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80/1226b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b)›§ 1226b - Application | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80 - Commercial and Agricultural Credit and Development Corporation (§§ 1221-1225 — 1226b) › § 1226b - Application | All of the provisions of §§ 761—830i of Title 3, which are not in conflict with §§ 1226—1226b of this title, shall apply to the early retirement plans contemplated hereunder.
History —Aug. 18, 1994, No. 90, § 3. |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227 - Definitions | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227 - Definitions | The following words and terms, whenever used or referred to in this chapter, shall have the meaning stated below, unless it is otherwise clearly understood from the context. The present tense shall include the future tense and the masculine gender shall include the feminine, except in those cases where such interpretat... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227a - Creation | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227a - Creation | A public corporation is hereby created attached to the Department of Economic Development and Commerce of the Commonwealth of Puerto Rico, which shall be known as the Puerto Rico Trade and Export Company, with legal capacity and personality separate from the Government of the Commonwealth of Puerto Rico, its agencies, ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227b - Faculties, powers, and responsibilities | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227b - Faculties, powers, and responsibilities | The Company may exercise all powers necessary or inherent to perform its corporative purposes, including, but not limited to:
(a) Act as a link between local and international markets promoting commercial trade of goods and services between Puerto Rico, the United States of America and the rest of the world; promote an... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227c/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227c - Transfer of functions and powers | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227c - Transfer of functions and powers | All functions and powers of the Administration, including, but without being limited to, those functions regarding the investigation and promotion of commerce, are hereby transferred to the Company.
All functions and powers of the Puerto Rico Exports Promotion Corporation, including without being limited to, those func... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227d/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227d - Management | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227d - Management | The powers of the Company shall be exercised, and its public policy, as well as its management shall be determined by a Board of Directors, hereinafter “the Board”, composed of nine (9) members. This body shall be composed of the Secretary of the Department, who shall be its Chairperson; the Executive Director of the I... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227e/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227e - Officials | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227e - Officials | The Executive Director of the Company shall be appointed by the Governor with the advice and consent of the Senate. The Executive Director shall discharge his/her functions at the will of the Board and his/her compensation shall be determined by the Board. The Executive Director shall be in charge of the activities of ... |
https://law.justia.com/codes/puerto-rico/title-seven/part-iii/chapter-80a/1227f/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE SEVEN - Banking (§§ 1 — 3116)›PART III - Other Financial Institutions (§§ 551 — 1390)›Chapter 80A - Trade and Export Company (§§ 1227 — 1227r)›§ 1227f - Officers and employees | 2023 Laws of Puerto Rico › TITLE SEVEN - Banking (§§ 1 — 3116) › PART III - Other Financial Institutions (§§ 551 — 1390) › Chapter 80A - Trade and Export Company (§§ 1227 — 1227r) › § 1227f - Officers and employees | The Executive Director shall have the power to appoint and contract the services of all his/her employees, officials and agents, and confer to them the powers, faculties, responsibilities and authority he/she deems proper. Appointments, removals, promotions, transferences, dismissals, reinstatements, suspensions, leave... |
Subsets and Splits
Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.