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https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-53/1045/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 53 - Mercantile Registry (§§ 1031 — 1046)›§ 1045 - Quotations of property, etc., to be in po... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 53 - Mercantile Registry (§§ 1031 — 1046) › § 1045 - Quotations of property, etc., to be in possession of registrar | The Mercantile Registrar shall have under his charge, where there is an exchange, copies of the daily quotations of the properties negotiated and the exchanges fixed therein.
The copies shall serve as original instruments in all cases of investigation and verification of exchanges and quotations on determined dates.
Hi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-53/1046/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 53 - Mercantile Registry (§§ 1031 — 1046)›§ 1046 - Collection of fees in mercantile registry... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 53 - Mercantile Registry (§§ 1031 — 1046) › § 1046 - Collection of fees in mercantile registry; duties of Secretary of Justice as regards to... | The Registrar of Property shall have charge of the collection of fees for such services as he may render in connection with the Mercantile Registry, subject to the provisions of this section. For keeping the mercantile register, said Registrars of Property shall receive no compensation additional to their salaries as s... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1071/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1071 - Books to be kept by merchant... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1071 - Books to be kept by merchants; exemption; minute books to be kept by compa... | Merchants shall necessarily keep:
(1) An inventory book.
(2) A daybook.
(3) A ledger.
Dealers on a small scale whose volume of business does not exceed one thousand dollars ($1,000) a year, and peddlers, are exempt, however, from the compulsory keeping of books.
Commercial partnerships shall also keep a minute book whe... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1072/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1072 - Other books | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1072 - Other books | Any other books which may be considered advisable, according to the system of bookkeeping adopted, may also be kept.
Such books shall not be subject to the provisions of § 1074 of this title; but any which may be considered proper may be legalized.
History —Commerce Code, 1932, § 27. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1073/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1073 - By whom to be kept | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1073 - By whom to be kept | Merchants may keep their books in person or have them kept by a person whom they authorize for the purpose.
If the merchant does not personally keep his books, it shall be presumed that authority has been granted the person who does keep them, unless there is proof to the contrary.
History —Commerce Code, 1932, § 28. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1074/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1074 - Authentication of books | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1074 - Authentication of books | Merchants shall present the books referred to in § 1071 of this title, bound, covered and the pages numbered, to the district judge or to the justice of the peace of the locality where they have their commercial establishment, in order that he may make on the first page of each one a signed memorandum of the number of ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1075/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1075 - Book of inventories and bala... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1075 - Book of inventories and balances | The book of inventories and balances shall begin with the inventory which must be made by the merchant at the time of commencing business, and shall contain:
(1) An exact statement of the money, securities, credits, notes payable, real or personal property, merchandise, and goods of all kinds appraised at their true va... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1076/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1076 - Daybook; entries in | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1076 - Daybook; entries in | The first entry in the daybook shall consist of the result of the inventory mentioned in the foregoing section, divided into one or several consecutive accounts, according to the system of bookkeeping adopted.
There shall thereafter follow day by day, all their transactions, each entry stating the credit and debit of t... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1077/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1077 - Ledger; entries in | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1077 - Ledger; entries in | The accounts referring to each object or person in particular shall, moreover, be opened with a credit and debit in the ledger, and the entries referring to these accounts in the daybook shall be transferred to the former in strict order of dates.
History —Commerce Code, 1932, § 32. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1078/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1078 - Minute books; entries in | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1078 - Minute books; entries in | In the minute book to be kept by each partnership having more than one managing partner, there shall be entered verbatim all such resolutions as may be adopted at meetings of managing partners or administrators, the date of each resolution to be stated, as well as the names of those present at such meeting; the vote ca... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1079/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1079 - Copies of letters, telegrams... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1079 - Copies of letters, telegrams, etc | Merchants may also keep a letter and telegram copybook in which they shall copy by mechanical means, in the order of dates, and including the subscribing clause and signature, all letters written by them in connection with their business, and such telegrams as they may transmit. In default of such copybook, merchants s... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1080/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1080 - Files of records | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1080 - Files of records | Merchants shall carefully keep in bundles and in proper order the letters and telegraphic messages relating to their transactions which they may receive.
History —Commerce Code, 1932, § 35. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1081/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1081 - Form of keeping books | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1081 - Form of keeping books | Merchants, besides complying with and fulfilling the conditions and formalities prescribed in §§ 1071—1087 of this title, must keep their books in a clear manner in order of dates, without leaving blank spaces, interlineations, erasures, or blots, and without showing traces of having been altered by substituting or tea... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1082/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1082 - Correction of errors and omi... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1082 - Correction of errors and omissions | Merchants shall correct the errors or omissions which may occur in making entries in the books immediately thereafter, as soon as they notice them, clearly explaining in what they consisted and writing the phrase as it should have appeared.
Should some time have elapsed since the error was committed or since the occurr... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1083/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1083 - Official inquiry as to bookk... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1083 - Official inquiry as to bookkeeping of merchants | No official inquiry shall be instituted by any judge, court, or authority to ascertain whether or not merchants keep their books according to the provisions of this Code, nor shall any general investigation or examination of accounts be made at the offices or business places of merchants, except when such investigation... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1084/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1084 - When examination of books an... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1084 - When examination of books and papers forbidden | Neither can the general communication, delivery, or inspection of the books, correspondence, and other documents of merchants be decreed at the instance of a party, except in cases of liquidation, universal heirship, or bankruptcy.
History —Commerce Code, 1932, § 39. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1085/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1085 - When exhibition of books and... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1085 - When exhibition of books and papers may be ordered | With the exception of the cases stated in § 1084 of this title, the exhibition of the books and documents of merchants may be decreed only at the instance of a party, or officially, when the person to whom they belong has any interest or liability in the matter in which such exhibition is proper.
The inspection shall b... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1086/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1086 - Rules governing weight of ev... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1086 - Rules governing weight of evidence of books | In order to graduate the weight of evidence of books of merchants, the following rules shall be observed:
(1) Books of merchants shall be evidence against themselves, no proof to the contrary being admitted; but the opponent can not accept the entries which are favorable to him and reject those which prejudice him; but... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-55/1087/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087)›§ 1087 - Retention of books and paper... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 55 - Commercial Books and Bookkeeping (§§ 1071 — 1087) › § 1087 - Retention of books and papers by heirs and successors of merchants | Merchants and their heirs or successors shall preserve the books, telegrams and correspondence of their business in general for the entire period which it may continue in existence, and until five years after the liquidation of all their commercial transactions and business.
Documents which specially relate to certain ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1111/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1111 - Def... | Public establishments where merchants and intermediary agents usually assemble to transact or carry out the business deals stated in §§ 1111—1116 of this title, shall be called commercial exchanges.
History —Commerce Code, 1932, § 43. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1112/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1112 - Who... | None but corporations organized exclusively for the purpose in accordance with the law of private corporations may establish commercial exchanges.
History —Commerce Code, 1932, § 44. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1113/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1113 - How... | Commercial exchanges shall be governed by the provisions of this Code.
History —Commerce Code, 1932, § 45. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1114/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1114 - Con... | The following shall be the subject matter of contracts on exchange:
(1) Public securities.
(2) Industrial and commercial securities issued by private parties or by legally constituted partnerships or enterprises.
(3) Bills of exchange, drafts, promissory notes, and other commercial securities.
(4) The sale of precious ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1115/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1115 - Pub... | The following shall be included in the designation of public securities:
(1) Those which, by means of an issue, represent credits against The Commonwealth of Puerto Rico or the municipalities, or against the United States or any state or territory or political subdivision thereof, and the dealing in which on exchange i... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-i/1116/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter I - Commer... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter I - Commercial Exchanges (§§ 1111 — 1116) › § 1116 - Com... | The regulations of the corporations shall state the days and hours at which meetings of exchange are to be held, and all such matters as relate to their internal government and policing, which matters, on each exchange, shall be in charge of the Board of Directors of such corporation.
History —Commerce Code, 1932, § 48... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1131/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1131 ... | Any person, whether or not a merchant, may contract deals in public securities or in industrial or commercial securities, without the intervention of an exchange broker; but such contracts shall have no more value than arises from their form and than is given them by common law.
History —Commerce Code, 1932, § 49. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1132/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1132 ... | Transactions which take place on exchange shall be complied with under the conditions and in the manner and form agreed upon by the contracting parties, and can be either for cash or on time, definite or optional, with or without brokerage, stating at the time of announcing the same the conditions which may have been s... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1133/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1133 ... | Transactions for cash made on exchange must be consummated on the same day of their execution, or at the utmost, in the time intervening until the next meeting of the exchange.
The seller shall be under the obligation to deliver, without further delay, the instruments or securities sold and the purchaser to receive the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1134/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1134 ... | If transactions are made through an exchange broker who withholds the name of his principal, or among brokers under the same condition, and the selling or purchasing broker delay fulfillment of the agreement, the party prejudiced by the delay may choose at the next meeting of the exchange between the abandonment of the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1135/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1135 ... | A quotable transaction having been agreed upon, the exchange broker intervening therein shall make a signed memorandum thereof and shall immediately deliver such memorandum to the announcer, who, after publicly reading it aloud, shall transmit it to the Board of Directors.
History —Commerce Code, 1932, § 53. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1136/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1136 ... | Transactions involving public securities, when made through brokers, shall be announced viva voce immediately after they are agreed upon, without prejudice to the transmission of the proper memorandum to the Board of Directors.
Other transactions shall be announced in the quotation bulletin with a statement of the maxi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-ii/1137/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter II - Trans... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter II - Transactions on Exchange (§§ 1131 — 1137) › § 1137 ... | The Board of Directors shall meet after exchange hours, and in view of such transactions in public securities as may be shown by the memorandum delivered by brokers, as well as of the reports of sales and other transactions intervened in by said brokers, it shall spread the list of quotations in the minutes and forward... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1151/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | Corporations which fulfill the conditions mentioned in § 1112 of this title, may establish produce exchanges.
History —Commerce Code, 1932, § 56. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1152/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | Sale and resale contracts executed at fairs may be for cash or on time; the former must be complied with on the same day of their execution, or, at the utmost, within the following twenty-four hours.
After this time has elapsed without either of the contracting parties having demanded its compliance, they shall be cons... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1153/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | Such questions as may arise at fairs over contracts executed thereat, shall be decided in accordance with the provisions of this Code, at a hearing before the district judge of the town where such fair is held, provided the value of the thing in litigation does not exceed five hundred dollars ($500).
History —Commerce ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1154/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | The purchase of merchandise at warehouses or in stores open to the public shall cause prescription of right in favor of the purchaser as regards the merchandise acquired. The right of the owner of the merchandise sold to bring such civil or criminal actions as may be proper against the person unduly selling said mercha... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1155/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | The money in which the payment of merchandise bought for cash is effected, in shops or public establishments, shall not be recoverable.
History —Commerce Code, 1932, § 60. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-57/subchapter-iii/1156/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156)›Subchapter III - Othe... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 57 - Places and Buildings for Commercial Transactions (§§ 1111 — 1156) › Subchapter III - Other Public Places for Transactions—Fairs, Market... | Purchases and sales which take place in establishments shall always be presumed to be made for cash unless there is proof to the contrary.
History —Commerce Code, 1932, § 61. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-i/1181/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter I - Prov... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter I - Provisions Common to Commercial Agents (§§ 1181 — ... | The following, as commercial agents, shall be subject to commercial laws:
(1) Exchange and stock brokers.
(2) Commercial brokers.
(3) Ship broker-interpreters.
History —Commerce Code, 1932, § 62. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-i/1182/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter I - Prov... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter I - Provisions Common to Commercial Agents (§§ 1181 — ... | Brokers shall keep a register pursuant to the provisions of § 1074 of this title wherein they shall enter separately and daily, and in the order in which they take place, all transactions in which they intervene. They may keep other books under the same formalities.
The books and documents of brokers shall be admitted ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-i/1183/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter I - Prov... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter I - Provisions Common to Commercial Agents (§§ 1181 — ... | It shall be the duty of brokers:
(1) To make certain of the identity and of the legal capacity to contract of the persons in whose business they intervene, and in the proper case, of the genuineness of the signatures of the contracting parties.
When such contracting parties cannot freely dispose of their property, brok... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-i/1184/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter I - Prov... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter I - Provisions Common to Commercial Agents (§§ 1181 — ... | Brokers shall not:
(1) Constitute themselves underwriters of risks and merchandise, or security for insurance contracts and obligations of this kind.
(2) Deal in securities or merchandise belonging to individuals or partnerships, that have suspended payment or that have been declared bankrupt, unless they have been dis... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-i/1185/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter I - Prov... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter I - Provisions Common to Commercial Agents (§§ 1181 — ... | Persons violating the provisions of § 1184 of this title shall be civilly liable for such damages as may result from their misconduct or negligence in the performance of their duties.
History —Commerce Code, 1932, § 66. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1201/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | It shall be incumbent on exchange and stock brokers:
(1) To intervene exclusively in deals and transfers of all kinds of quotable public securities as defined in § 1115 of this title.
(2) To intervene, in concurrence with commercial brokers, in all other exchange transactions and contracts. In said transactions and con... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1202/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | Stock brokers intervening in contracts of purchase and sale or in other cash or time transactions, shall be liable to the purchaser for the delivery of such securities as said transactions refer to, and to the vendor for payment of the price or indemnity agreed upon.
History —Commerce Code, 1932, § 68. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1203/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | Stock brokers shall enter in their books in numerical and chronological order, all transactions in which they intervene.
History —Commerce Code, 1932, § 69. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1204/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | Stock brokers shall reciprocally deliver to each other a signed memorandum of each transaction agreed upon, on the same day on which such transaction is made. They shall deliver another signed memorandum to their principals; and the latter shall deliver a signed memorandum to their brokers, in which the principals shal... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1205/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | In addition to the obligations common to all commercial agents as enumerated in §§ 1182, 1183 and 1184 of this title, stock brokers shall be civilly liable for such industrial or commercial titles or securities as they may sell after a denunciation of the illegal origin of said securities is made public by the Board of... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-ii/1206/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter II - Exc... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter II - Exchange and Stock Brokers (§§ 1201 — 1206) › § 1... | The president, or the person acting in his stead, and at least two members of the Board of Directors of the exchange, shall always be present at the meetings of the exchange in order to decide what may be proper in such cases as may arise.
The Board of Directors shall fix the rate of the monthly liquidations at the clo... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iii/1221/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter III - Co... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter III - Commercial Brokers (§§ 1221 — 1225) › § 1221 - O... | In addition to the obligations common to all commercial agents as said obligations are enumerated in § 1183 of this title, commercial brokers shall be bound:
(1) To answer at law for the authenticity of the signature of the last assignor in transactions involving bills of exchange or other endorsable securities.
(2) To... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iii/1222/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter III - Co... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter III - Commercial Brokers (§§ 1221 — 1225) › § 1222 - R... | Brokers shall make separate entries in their books of all transactions in which they have intervened, said entries to state the names and domiciles of the contracting parties, and the subject matter, terms, and conditions of the contracts.
In cases of sales, they shall state the quality, quantity, and price of the thin... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iii/1223/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter III - Co... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter III - Commercial Brokers (§§ 1221 — 1225) › § 1223 - D... | On the day the contract is executed, brokers shall deliver to each of the contracting parties a signed memorandum containing a full statement of the agreement.
History —Commerce Code, 1932, § 75. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iii/1224/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter III - Co... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter III - Commercial Brokers (§§ 1221 — 1225) › § 1224 - C... | In cases in which, on account of the convenience of the parties, a written contract is executed, the broker shall place his certificate at the foot of the duplicates and shall keep the originals.
History —Commerce Code, 1932, § 76. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iii/1225/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter III - Co... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter III - Commercial Brokers (§§ 1221 — 1225) › § 1225 - O... | In concurrence with ship broker-interpreters, commercial brokers may perform the functions of the former by subjecting themselves to the provisions of §§ 1241—1243 of this title.
History —Commerce Code, 1932, § 77. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iv/1241/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter IV - Shi... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter IV - Ship Broker-Interpreters (§§ 1241 — 1243) › § 124... | The duties of ship broker-interpreters are:
(1) To intervene in charter contracts, marine insurance contracts, and contracts of bottomry, when required to do so.
(2) To aid captains and supercargoes of foreign vessels and to act as their interpreters in making declarations and protests and in transacting such other bus... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iv/1242/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter IV - Shi... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter IV - Ship Broker-Interpreters (§§ 1241 — 1243) › § 124... | It shall furthermore be the obligation of ship broker-interpreters to keep:
(1) A copying book for the translations they may make, entering the same literally.
(2) A register of the names of the captains to whom they render the services pertaining to their office, stating the flag, name, class, and tonnage of the vesse... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-i/chapter-59/subchapter-iv/1243/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART I - Merchants and Commerce in General (§§ 1001 — 1243)›Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243)›Subchapter IV - Shi... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART I - Merchants and Commerce in General (§§ 1001 — 1243) › Chapter 59 - Commercial Agents and Their Respective Obligations (§§ 1181 — 1243) › Subchapter IV - Ship Broker-Interpreters (§§ 1241 — 1243) › § 124... | The ship broker-interpreters shall keep one copy of the contract or contracts which they may have been exeucted between the captain and the charterer.
History —Commerce Code, 1932, § 80. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1301/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1301 - Laws governing commercial contracts | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1301 - Laws governing commercial contracts | Commercial contracts in so far as the requisites thereof are concerned, the modification, exception, interpretation, and extinction thereof, and the capacity of the contractors, shall be governed, in all that is not expressly established in this Code or in special laws, by the general rules of common law.
History —Comm... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1302/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1302 - Commercial contracts, when valid; telegraphic correspo... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1302 - Commercial contracts, when valid; telegraphic correspondence, effect of; contracts made by telephone... | Commercial contracts shall be valid and shall cause obligations and causes of action whatever may be the form and language in which they are executed, the class to which they belong, and the amount of the contract, provided their existence is shown by any of the means provided by civil law. However, the testimony of wi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1303/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1303 - Exceptions | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1303 - Exceptions | The following are excepted from the provisions of § 1302 of this title:
(1) Such contracts as, pursuant to the provisions of this Code or of special laws, must be reduced to writing, or the validity of which requires certain necessary forms or formalities.
(2) Contracts executed in foreign countries where the law requi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1304/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1304 - Unlawful agreements | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1304 - Unlawful agreements | Unlawful agreements can not serve as the basis for any obligation or cause of action, even where they involve commercial transactions.
History —Commerce Code, 1932, § 84. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1305/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1305 - Contracts through correspondence | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1305 - Contracts through correspondence | Contracts executed through correspondence shall be perfected from the time an answer is made accepting the proposition or the conditions by which the latter may be modified.
History —Commerce Code, 1932, § 85. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1306/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1306 - Contracts through correspondence—In which agents have ... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1306 - Contracts through correspondence—In which agents have taken part | Contracts in which an agent or broker mediates shall be perfected when the contracting parties shall have agreed to the conditions set forth.
History —Commerce Code, 1932, § 86. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1307/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1307 - Contracts through correspondence—Containing an indemni... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1307 - Contracts through correspondence—Containing an indemnification clause | In a commercial contract containing an indemnification clause against the person who fails to comply therewith, the party aggrieved may take legal steps to demand the fulfillment of the contract or the indemnification stipulated; but in resorting to either of these two actions the other one shall be annulled unless the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1308/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1308 - How contracts to be executed and complied with | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1308 - How contracts to be executed and complied with | Commercial contracts shall be executed and complied with in good faith according to the terms in which they were made and drafted, without evading the honest, proper, and usual signification of written or spoken words with arbitrary interpretations, nor limiting the effects which are naturally derived from the manner i... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1309/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1309 - Differences in copies of contracts | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1309 - Differences in copies of contracts | Should any difference appear between the copies of a contract presented by the contracting parties and an agent or broker who shall have mediated in the execution thereof, what appears in the books of the latter shall be accepted as conclusive, provided they are kept in accordance with law.
History —Commerce Code, 1932... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1310/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1310 - Resolution of doubts | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1310 - Resolution of doubts | Should any doubts arise which cannot be decided in accordance with the provisions of § 1002 of this title, the question shall be decided in favor of the debtor.
History —Commerce Code, 1932, § 90. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1311/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1311 - Computation of time | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1311 - Computation of time | In all computations of days, months, and years, a day shall be understood to mean twenty-four hours; months shall be computed as designated in the Gregorian calendar, and years shall be understood to mean three hundred and sixty-five days.
Such cases as are otherwise provided for in this Code or in special laws are exp... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1312/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1312 - Days of grace | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1312 - Days of grace | Laws of grace, courtesy, and others, which under any designation whatsoever defer the fulfillment of commercial obligations, shall not be recognized, but only those which the parties may have previously fixed in the contract, or which are founded on a definite provision of law.
History —Commerce Code, 1932, § 92. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1313/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1313 - Obligations without a time limit | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1313 - Obligations without a time limit | Obligations which do not have a limit previously fixed by the parties, or by the provisions of this Code, shall be demandable ten days after having been contracted, if they can only be the basis for an ordinary action, and on the next day if execution lies.
History —Commerce Code, 1932, § 93. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-71/1314/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 71 - General Provisions (§§ 1301 — 1314)›§ 1314 - Effects of delay, beginning of | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 71 - General Provisions (§§ 1301 — 1314) › § 1314 - Effects of delay, beginning of | The effects of delay in compliance with commercial obligations shall begin:
(1) In contracts in which a day is fixed for compliance therewith by the will of the parties or by law, on the day following the one on which they fall due.
(2) In contracts in which no such day is fixed, from the day on which the creditor lega... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1341/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1341 - Commercial arti... | Articles of association by which two or more persons obligate themselves to place in a common fund any property, industry, or any of these things, in order to obtain profit, shall be commercial, no matter what its class may be, provided it has been established in accordance with the provisions of this Code.
After a com... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1342/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1342 - Validity of con... | A commercial company contract executed according to the essential requisites of law shall be valid and binding among the parties thereto, no matter what the licit and honest form, conditions, and combinations thereof may be, provided they are authorized by this Code or by special laws.
History —Commerce Code, 1932, § 9... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1343/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1343 - Validity of con... | Contracts executed between commercial associations and any other persons capable of binding themselves shall be valid and binding, provided the same are legal and honest, and that the requirements mentioned in the following section have been complied with.
History —Commerce Code, 1932, § 97. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1344/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1344 - Record of estab... | Every commercial association before beginning business shall be obliged to record its establishment, agreements, and conditions in a public instrument, which shall be presented for record in the mercantile registry, in accordance with the provisions of § 1032 of this title.
Additional instruments which modify or alter ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1345/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1345 - Liability for v... | The persons in charge of the management of the association who violate the provisions of the foregoing section shall be jointly responsible with the persons not members of the association with whom they may have transacted business in the name of the same.
History —Commerce Code, 1932, § 99. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1346/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1346 - Commercial comp... | Commercial companies shall be governed by the clauses and conditions of their articles, and in all that is not determined and prescribed therein, by provisions of this Code.
History —Commerce Code, 1932, § 100. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-i/1347/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter I - Manner of Establishing Companies and Their Kin... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter I - Manner of Establishing Companies and Their Kinds (§§ 1341 — 1347) › § 1347 - How established | As a general rule, partnerships and civil corporations shall be established under any of the following forms:
(1) As a general partnership in which all the partners collectively, and under a firm name, bind themselves to share the same rights and obligations in the proportion they may establish.
(2) As special partners... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1361/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1361 - Articles | The articles of general copartnership must state:
The names, surnames, and domiciles of the partners.
The firm name.
The names and surnames of the partners to whom the management of the firm and the use of its signature is intrusted.
The capital which each partner contributes in cash, credits, or property, stating the ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1362/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1362 - Style | The general copartnership must transact business under the name of all its members, of several of them or of one only, it being necessary to add in the latter two cases to the name or names given the words “and company”.
This general name shall constitute the firm name or signature, in which there may never be included... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1363/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1363 - Liability of partners | All the members of the general copartnership, be they or be they not managing partners of the same, are personally and jointly liable with all their property for the results of the transactions consummated in the name and for the account of the partnership, under the signature of the latter, and by a person authorized ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1364/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1364 - Liability of partners not authorized | The partners not duly authorized to make use of the firm signature shall not make the company liable through their acts and contracts, even though they execute them in the name of the latter, and under its signature.
The civil or criminal liability for these acts shall be incurred exclusively by the authors thereof.
Hi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1365/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1365 - Right of management | If the management of the general copartnership has not been limited by a special instrument to one of its members, all of them shall have the right to take part in the direction and management of the common business, and the partners present shall come to an agreement with regard to all contracts or obligations in whic... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1366/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1366 - Contracting new obligations | No new obligation shall be contracted against the will of one of the managing partners, should he have expressly stated it; but if, however, it should be contracted it shall not be annulled for this reason, and shall have its effects without prejudice to the liability of the partner or partners who contracted it to rei... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1367/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1367 - Interference by partners | Should there be partners especially intrusted with the management, the other partners cannot oppose nor hinder them in the transaction of the business nor prevent the effects thereof.
History —Commerce Code, 1932, § 108. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1368/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1368 - Improper use of right to manage | When the special power to manage and to use the signature of the copartnership has been conferred in a special condition of the articles of copartnership, the person who obtains the same cannot be deprived thereof; but should the latter make an improper use of said power, and his management cause serious damage to the ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1369/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 136... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1369 - Examination of books, etc | In general copartnerships all the partners, be they managing partners or not, have a right to examine the condition of the administration and of the bookkeeping and to make the objections which they may consider proper, in accordance with the agreements contained in the articles of copartnership or in the general provi... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1370/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1370 - Transactions by partners in their own na... | Transactions made by the partners in their own names and with their private funds shall not be communicated to the company nor shall it be liable therefor, provided they are of a kind that partners may legally make for their own account and risk.
History —Commerce Code, 1932, § 111. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1371/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1371 - Use of funds or signature for private pu... | The partners cannot apply the funds of the copartnership nor make use of the firm signature for business for their own account; and should they do so, they shall lose to the benefit of the company that part of the profit which in the transaction or transactions made in this manner may be due them, and the articles of c... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1372/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1372 - Transactions by partners on their own ac... | The members of general copartnerships which are not engaged in any special branch of commerce cannot make transactions for their own account without the previous consent of the copartnership, which cannot refuse it without proving that it will suffer thereby manifest and pecuniary damage.
Partners who violate this prov... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1373/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1373 - When partners may transact business on t... | If the copartnership shall have determined in its articles of copartnership the branch of commerce in which it is to engage, the partners may legally transact any commercial business which they may desire, provided it does not belong to the kind of transactions the copartnership of which they are partners is engaged in... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1374/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1374 - Industrial partners | Partners giving their services and not contributing any capital (socio industrial) cannot engage in any other business whatsoever, unless expressly permitted to do so by the company, and should they do so the partners furnishing the capital (socios capitalistas) may, at their option, remove them from the company, depri... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1375/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1375 - Personal expenses of partners | In general or in limited copartnerships, no partner may remove or divert from the common funds a larger amount than that assigned to each one for his personal expenses; should he do so, he may be compelled to repay it as if he had not fully contributed the portion of the capital which he bound himself to contribute to ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1376/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1376 - Division of profits | Should the articles of copartnership not state the portion of the profits to be received by each partner, said profits shall be divided pro-rata, in accordance with the interest each one has in the copartnership, partners who have not contributed any capital, but giving their services, receiving in the distribution the... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1377/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1377 - Computation of losses | Losses shall be computed in the same proportion among the partners who have contributed the capital, without including those who have not, unless by special agreement the latter have been constituted as participants therein.
History —Commerce Code, 1932, § 118. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1378/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1378 - Payment of expenses of partners | The copartnership must pay to the partners the expenses they may incur, and indemnify them for the damages they may suffer, immediately and directly by reason of the business which the former may intrust to them; but it shall not be bound to indemnify them for the losses they may suffer by their own fault, through acci... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1379/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 137... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1379 - Transfer of interest of partners | No partner can transfer to another person the interest he may have in the copartnership, nor can he substitute another person in his place for the discharge of the work under his charge in the management of the business of the partnership, without the previous consent of the other partners.
History —Commerce Code, 1932... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-ii/1380/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter II - General Copartnerships (§§ 1361 — 1380)›§ 138... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter II - General Copartnerships (§§ 1361 — 1380) › § 1380 - Loss to partnership by malice, etc | The damage suffered by the copartnership by reason of malice, abuse of authority, or serious negligence of duty on the part of one of the partners, shall obligate the person guilty thereof to indemnify it, should the other partners request it, provided an express or virtual approval or ratification of the act on which ... |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-iii/1391/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter III - Limited Copartnerships (§§ 1391 — 1396)›§ 13... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter III - Limited Copartnerships (§§ 1391 — 1396) › § 1391 - Articles | The same statements shall be included in articles of limited copartnerships as are required for those of general copartnerships.
History —Commerce Code, 1932, § 122. |
https://law.justia.com/codes/puerto-rico/title-ten/subtitle-2/part-ii/chapter-73/subchapter-iii/1392/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE TEN - Commerce (§§ 1 — 4196)›Subtitle 2 - Commerce Code (§§ 1001 — 1950)›PART II - Commercial Contracts (§§ 1301 — 1867)›Chapter 73 - Commercial Companies (§§ 1341 — 1469)›Subchapter III - Limited Copartnerships (§§ 1391 — 1396)›§ 13... | 2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 73 - Commercial Companies (§§ 1341 — 1469) › Subchapter III - Limited Copartnerships (§§ 1391 — 1396) › § 1392 - Style | Limited copartnerships must transact business under the name of all the members thereof, of several of them, or of one only, it being necessary to add in the latter two cases to the name or names given, the words “and company” and in all cases the words “limited copartnership”.
History —Commerce Code, 1932, § 123. |
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