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https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-i/3969/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter I - Members (§§ 3968 — 3971)›§ 3969 - Liability to third parties | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter I - Members (§§ 3968 — 3971) › § 3969 - Liability to third parties | (a) Except as otherwise provided by this subtitle, the debts, obligations and liabilities of an LLC, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the LLC, and no member or manager of an LLC shall be obligated personally for any such debt, obligation or liabil... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-i/3970/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter I - Members (§§ 3968 — 3971)›§ 3970 - Access to confidential information... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter I - Members (§§ 3968 — 3971) › § 3970 - Access to confidential information; records | (a) Each member of an LLC has the right, subject to such reasonable standards (including standards governing what information and documents are to be furnished at what time and location and at whose expense) as may be set forth in an LLCA or otherwise established by the manager or, if there is no manager, then by the m... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-i/3971/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter I - Members (§§ 3968 — 3971)›§ 3971 - Remedies for breach of LLCA by mem... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter I - Members (§§ 3968 — 3971) › § 3971 - Remedies for breach of LLCA by member | [An] LLCA may provide that:
(1) A member who fails to perform in accordance with, or to comply with the terms and conditions of, the LLCA shall be subject to specified penalties or specified consequences, and
(2) at the time or upon the happening of events specified in the LLCA, a member shall be subject to specified p... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3972/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3972 - Admission of managers | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3972 - Admission of managers | A person may be named or designated as a manager of the LLC as provided in § 3951(a) of this title.
History —Dec. 16, 2009, No. 164, § 19.22. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3973/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3973 - Management of LLC | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3973 - Management of LLC | Unless otherwise provided in an LLCA, the management of an LLC shall be vested in its members in proportion to their percentages or other interest of members in the profits of the LLC owned by all of the members. The decisions shall be made by the members owning more than fifty percent (50%) of the said proportion or o... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3974/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3974 - Contributions by a manager | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3974 - Contributions by a manager | A manager of an LLC may make contributions to the LLC and share in the profits and losses of, and in distributions from, the LLC as a member. A person who is both a manager and a member has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as otherwise provided in an LL... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3975/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3975 - Classes and voting | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3975 - Classes and voting | (a) An LLCA may provide for classes and groups of managers having such rights, powers and duties as the LLCA may provide, and may make provision for the future creation of additional classes and groups of managers having such rights, powers and duties as may from time to time be established, including rights, powers an... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3976/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3976 - Remedies for breach of LLCA by m... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3976 - Remedies for breach of LLCA by member | An LLCA may provide that:
(1) A manager who fails to perform in accordance with, or to comply with the terms and conditions of, a limited liability company agreement shall be subject to specified penalties or specified consequences, and
(2) at the time or upon the happening of events specified in a limited liability co... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3977/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3977 - Actions of members and managers | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3977 - Actions of members and managers | The members and managers shall be as loyal to the limited liability company and liable for their acts and omissions in the exercise of their duties as the directors, officers and stockholders with regard to corporate matters pursuant to the provisions of Chapter 224 of this subtitle.
History —Dec. 16, 2009, No. 164, § ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3978/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3978 - Reliance on reports and informat... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3978 - Reliance on reports and information by member or manager | A member, manager or liquidating trustee of an LLC shall be fully protected in relying in good faith upon the records of the LLC and upon information, opinions, reports or statements presented by another manager, member or liquidating trustee, an officer or employee of the LLC, or committees of the LLC, members or mana... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-ii/3979/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter II - Managers (§§ 3972 — 3979)›§ 3979 - Delegation of rights and powers ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter II - Managers (§§ 3972 — 3979) › § 3979 - Delegation of rights and powers to manage | Unless otherwise provided in the LLCA, a member or manager of an LLC has the power and authority to delegate to one (1) or more other persons the member’s or manager’s, as the case may be, rights and powers to manage and control the business and affairs of the LLC, including to delegate to agents, officers and employee... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iii/3980/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter III - Contributions and Finance (§§ 3980 — 3984)›§ 3980 - Form | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter III - Contributions and Finance (§§ 3980 — 3984) › § 3980 - Form | The contribution of a member to an LLC may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services.
History —Dec. 16, 2009, No. 164, § 19.30. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iii/3981/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter III - Contributions and Finance (§§ 3980 — 3984)›§ 3981 - Liability | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter III - Contributions and Finance (§§ 3980 — 3984) › § 3981 - Liability | (a) Except as provided in an LLCA, a member is obligated to an LLC to perform any promise to contribute cash or property or to perform services, even if the member is unable to perform because of death, disability or any other reason. If a member does not make the required contribution of property or services, the memb... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iii/3982/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter III - Contributions and Finance (§§ 3980 — 3984)›§ 3982 - Allocation of ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter III - Contributions and Finance (§§ 3980 — 3984) › § 3982 - Allocation of profits and losses | The profits and losses of an LLC shall be allocated among the members, and among classes or groups of members, in the manner provided in an LLCA. If the LLCA does not so provide, profits and losses shall be allocated on the basis of the agreed value (as stated in the records of the LLC) of the contributions made by eac... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iii/3983/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter III - Contributions and Finance (§§ 3980 — 3984)›§ 3983 - Allocation of ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter III - Contributions and Finance (§§ 3980 — 3984) › § 3983 - Allocation of distributions | Distributions of cash or other assets of an LLC shall be allocated among the members, and among classes or groups of members, in the manner provided in an LLCA. If the LLCA does not so provide, distributions shall be made on the basis of the agreed value (as stated in the records of the LLC) of the contributions made b... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iii/3984/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter III - Contributions and Finance (§§ 3980 — 3984)›§ 3984 - Defense of usu... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter III - Contributions and Finance (§§ 3980 — 3984) › § 3984 - Defense of usury not available | The availability of defense of usury in any action shall be governed pursuant to the provisions of § 3789 of this title.
History —Dec. 16, 2009, No. 164, § 19.34. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3985/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3985 - Interim distributions | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3985 - Interim distributions | Except as provided in this chapter, to the extent and at the times or upon the happening of the events specified in an LLCA, a member is entitled to receive from an LLC distributions before the member’s resignation from the LLC and before the dissolution and winding up thereof.
History —Dec. 16, 2009, No. 164, § 19.35. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3986/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3986 - Resignation of manager | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3986 - Resignation of manager | A manager may resign as a manager of an LLC at the time or upon the happening of events specified in an LLCA and in accordance with the LLCA. An LLCA may provide that a manager shall not have the right to resign as a manager of an LLC. Notwithstanding that an LLCA provides that a manager does not have the right to resi... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3987/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3987 - Resignation of member | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3987 - Resignation of member | A member may resign from an LLC only at the time or upon the occurrence of events specified in an LLCA and in accordance with the LLCA. Notwithstanding anything to the contrary under applicable law, unless an LLCA provides otherwise, a member may not resign from an LLC prior to the dissolution and liquidation of the LL... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3988/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3988 - Distribution upon resignati... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3988 - Distribution upon resignation | Except as provided in this chapter, upon resignation any resigning member is entitled to receive any distribution to which such member is entitled under an LLCA and, if not otherwise provided in an LLCA, such member is entitled to receive, within a reasonable time after resignation, the fair value of such member’s LLC ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3989/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3989 - Distribution in kind | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3989 - Distribution in kind | Except as provided in an LLCA, a member, regardless of the nature of the member’s contribution, has no right to demand and receive any distribution from an LLC in any form other than cash. Except as provided in an LLCA, a member may not be compelled to accept a distribution of any asset in kind from an LLC to the exten... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3990/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3990 - Right to distribution | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3990 - Right to distribution | Subject to § 3991 of this title, and unless otherwise provided in an LLCA, at the time a member becomes entitled to receive a distribution, the member has the status of, and is entitled to all remedies available to, a creditor of an LLC with respect to the distribution. An LLCA may provide for the establishment of a re... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-iv/3991/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter IV - Distributions (§§ 3985 — 3991)›§ 3991 - Limitations on distribution | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter IV - Distributions (§§ 3985 — 3991) › § 3991 - Limitations on distribution | (a) An LLC shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the LLC, other than liabilities to members on account of their LLC interests and liabilities for which the recourse of creditors is limited to specified pr... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-v/3992/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter V - Assignment of Interests (§§ 3992 — 3996)›§ 3992 - Nature of the LLC ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter V - Assignment of Interests (§§ 3992 — 3996) › § 3992 - Nature of the LLC interest | An LLC interest shall be deemed personal property. A member shall have no interest in specific LLC property.
History —Dec. 16, 2009, No. 164, § 19.42. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-v/3993/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter V - Assignment of Interests (§§ 3992 — 3996)›§ 3993 - Assignment of LLC ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter V - Assignment of Interests (§§ 3992 — 3996) › § 3993 - Assignment of LLC interest | (a) An LLC interest is assignable in whole or in part except as provided in an LLCA. The assignee of a member’s LLC interest shall have no right to participate in the management of the business and affairs of an LLC, except as provided in an LLCA or, subject to:
(1) The approval of all of the members of the LLC other t... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-v/3994/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter V - Assignment of Interests (§§ 3992 — 3996)›§ 3994 - Member’s interest ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter V - Assignment of Interests (§§ 3992 — 3996) › § 3994 - Member’s interest in an LLC subject to orders | (a) On application by a judgment creditor of a member or of a member’s assignee, a court with competent jurisdiction may charge against the LLC interest of the member subject to judgment to satisfy the same. To the extent so charged, the judgment creditor has only the right to receive any distribution or distributions ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-v/3995/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter V - Assignment of Interests (§§ 3992 — 3996)›§ 3995 - Right of assignee ... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter V - Assignment of Interests (§§ 3992 — 3996) › § 3995 - Right of assignee to become member | (a) An assignee of an LLC interest may become a member, as provided in the LLCA; and
(1) The approval of all of the members of the LLC other than the member assigning the LLC interest, or
(2) compliance with any procedure provided in the LLCA.
(b) An assignee who has become a member has, to the extent assigned, the rig... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-v/3996/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter V - Assignment of Interests (§§ 3992 — 3996)›§ 3996 - Powers of estate o... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter V - Assignment of Interests (§§ 3992 — 3996) › § 3996 - Powers of estate of deceased or incompetent member | If a member who is an individual dies or a court of competent jurisdiction adjudges the member to be incompetent to manage the member’s person or property, the member’s personal representative may exercise all of the member’s rights for the purpose of settling the member’s estate or administering the member’s property,... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/3997/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 3997 - Dissolution | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 3997 - Dissolution | (a) An LLC is dissolved and its affairs shall be wound up upon the first to occur of the following:
(1) At the time and date specified in an LLCA, but if no such time is set forth in the LLCA, then the LLC shall have a perpetual existence.
(2) Upon the happening of events specified in an LLCA.
(3) Unless otherwise prov... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/3998/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 3998 - Judicial dissolution | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 3998 - Judicial dissolution | On application by a member or manager the Court of First Instance may decree dissolution of an LLC whenever it is not reasonably practicable to carry on the business in conformity with an LLCA.
History —Dec. 16, 2009, No. 164, § 19.48. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/3999/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 3999 - Winding up | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 3999 - Winding up | (a) Unless otherwise provided in an LLCA, a manager who has not wrongfully dissolved an LLC or, if none, the members of a person approved by the members or, if there is more than one (1) class or group of members, then by each class or group of members, in either case, by members who own more than fifty percent (50%) o... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/4000/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 4000 - Distribution of assets | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 4000 - Distribution of assets | (a) Upon the winding up of an LLC, the assets shall be distributed as follows:
(1) To creditors, including members and managers who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the LLC (whether by payment or the making of reasonable provision for payment thereof) other than... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/4001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 4001 - Trustees or receivers for dis... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 4001 - Trustees or receivers for dissolved companies; appointment; powers; duties | When the certificate of formation of any LLC shall be canceled pursuant to this subtitle, the Court of First Instance (Superior Part), on application of any creditor, member or manager of the LLC, or any other person who shows good cause therefor, at any time, may either appoint one (1) or more of the managers of the L... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vi/4002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VI - Dissolution (§§ 3997 — 4002)›§ 4002 - Revocation of dissolution | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VI - Dissolution (§§ 3997 — 4002) › § 4002 - Revocation of dissolution | Notwithstanding the occurrence of an event set forth in clauses (1), (2), (3) or (4) of subsection (a) of § 3997 of this title, the LLC shall not be dissolved and its affairs shall not be wound up if, prior to the filing of a certificate of cancellation at the Department of State, the LLC is continued, effective as of ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vii/4003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VII - Derivative Actions (§§ 4003 — 4006)›§ 4003 - Right to bring action | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VII - Derivative Actions (§§ 4003 — 4006) › § 4003 - Right to bring action | A member or an assignee of an LLC interest may bring an action in the Court of First Instance on behalf of an LLC to recover a judgment in its favor if managers or members with authority to do so have refused to bring the action or if an effort to cause those managers or members to bring the action is not likely to suc... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vii/4004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VII - Derivative Actions (§§ 4003 — 4006)›§ 4004 - Proper plaintiff | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VII - Derivative Actions (§§ 4003 — 4006) › § 4004 - Proper plaintiff | In a derivative action, the plaintiff must be a member or an assignee of an LLC interest at the time of bringing the action and:
(1) At the time of the transaction of which the plaintiff complains, or
(2) the plaintiff’s status as a member or an assignee of an LLC interest had devolved upon the plaintiff by operation o... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vii/4005/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VII - Derivative Actions (§§ 4003 — 4006)›§ 4005 - Complaint | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VII - Derivative Actions (§§ 4003 — 4006) › § 4005 - Complaint | In a derivative action, the complaint shall set forth with particularity the effort, if any, of the plaintiff to secure initiation of the action by a manager or member or the reasons for not making the effort.
History —Dec. 16, 2009, No. 164, § 19.55. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-239/subchapter-vii/4006/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 239 - Limited Liability Companies (§§ 3951 — 4006)›Subchapter VII - Derivative Actions (§§ 4003 — 4006)›§ 4006 - Expenses | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 239 - Limited Liability Companies (§§ 3951 — 4006) › Subchapter VII - Derivative Actions (§§ 4003 — 4006) › § 4006 - Expenses | If a derivative action is successful, in whole or in part, as a result of a judgment, compromise or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorney fees, from any recovery in any such action or from an LLC.
History —Dec. 16, 2009, No. 164, § 19.56. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4021/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4021 - Law governing | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4021 - Law governing | (a) Subject to the Constitution of the Commonwealth of Puerto Rico:
(1) The laws of the state, territory, possession, or other jurisdiction or country under which an FLLC has been organized shall govern its organization and internal affairs and the liability of its members and managers, and
(2) an FLLC may not be denie... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4022/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4022 - Authorization to do business; application | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4022 - Authorization to do business; application | A foreign limited liability company shall not be able to do business in Puerto Rico until it is authorized to do so pursuant to the procedures set forth in Chapter 233 of this subtitle regarding foreign corporations.
History —Dec. 16, 2009, No. 164, § 20.02. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4023/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4023 - Name; registered office; registered agent | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4023 - Name; registered office; registered agent | (a) Foreign limited liability company or FLLC may be registered to do business by the Secretary of State under any name (whether or not it is the name under which it is registered in the jurisdiction of its formation) which includes the words Limited Liability Company, or Compañía de Responsabilidad Limitada, Low-Profi... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4024/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4024 - Cancellation of registration | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4024 - Cancellation of registration | An FLLC may cancel its registration by filing with the Secretary of State a certificate of cancellation, executed by an authorized person, together with a fee as set forth in § 4041(b)(6) of this title. A cancellation does not terminate the authority of the Secretary of State to accept service of process on the FLLC wi... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4025/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4025 - Doing business without registration | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4025 - Doing business without registration | (a) An FLLC doing business in Puerto Rico may not commence any action, suit or proceeding in Puerto Rico until it has registered and paid to Puerto Rico all fees, taxes and penalties for the period of time during which it did business in Puerto Rico without having registered.
(b) The failure of an FLLC to register in P... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4026/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4026 - Doing business without having qualified— Injunctions | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4026 - Doing business without having qualified— Injunctions | (a) The Court of First Instance shall have jurisdiction to enjoin any FLLC or any agent thereof, from doing any business in Puerto Rico if such FLLC has failed to register under this chapter or if such FLLC has secured a certificate of the Secretary of State on the basis of false or misleading representations. Upon pet... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4027/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4027 - Service of process to foreign limited liability companies | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4027 - Service of process to foreign limited liability companies | The service of process to an FLLC shall be conducted pursuant to the provisions of § 3811 of this title regarding foreign corporations.
History —Dec. 16, 2009, No. 164, § 20.07. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4028/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4028 - Service of process to unregistered FLLC | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4028 - Service of process to unregistered FLLC | The service of process to an FLLC doing business in Puerto Rico without having registered as provided in this subtitle, shall be conducted pursuant to the provisions of § 3813 of this title regarding foreign corporations.
History —Dec. 16, 2009, No. 164, § 20.08. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-240/4029/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029)›§ 4029 - Activities not constituting doing business | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 240 - Foreign Limited Liability Companies (§§ 4021 — 4029) › § 4029 - Activities not constituting doing business | The activities not constituting doing business in Puerto Rico shall be defined as provided in § 3805 of this title regarding foreign corporations.
History —Dec. 16, 2009, No. 164, § 20.09. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-241/4041/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044)›§ 4041 - Fees | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044) › § 4041 - Fees | (a) No document or certificate held or to be filed pursuant to the provisions of this subtitle, shall be effective until all fees provided in this section are paid. The Secretary of State shall collect the following fees for the filing of the following documents through different electronic payment means when transacti... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-241/4042/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044)›§ 4042 - Cancellation of the certificate for failure... | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044) › § 4042 - Cancellation of the certificate for failure to pay annual fees | A certificate of formation of a DLLC shall be deemed to be cancelled in the event that the DLLC fails to comply with its obligation to pay the fees established in § 4043 of this title for a period of three (3) consecutive years, counted as of the date in which the first of said payments became due.
History —Dec. 16, 20... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-241/4043/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044)›§ 4043 - Tax liability | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044) › § 4043 - Tax liability | (a) For purposes of any tax levied by the Commonwealth of Puerto Rico or any instrumentalities, agencies or political subdivisions thereof, an LLC formed under this subtitle or an LLC authorized to do business in Puerto Rico shall be deemed to be a corporation as provided in § 8697(a)(2) of Title 13, known as the “Puer... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-241/4044/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044)›§ 4044 - Violations and penalties; revocation | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 241 - Fees Payable and Limited Liability Company Tax Liabilities (§§ 4041 — 4044) › § 4044 - Violations and penalties; revocation | (a) The Secretary of State shall impose on a DLLC or FLLC that violates the provisions of this subtitle, a fine of not less than two hundred dollars ($200) or greater than five hundred dollars ($500) for each violation.
(b) The Secretary of State may file a proceeding under § 4043 of this title to revoke the certificat... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4061/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4061 - Vested rights—Prior laws | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4061 - Vested rights—Prior laws | Every corporation organized before or after the effective date of this act shall be governed by its provisions. This subtitle shall not impair, restrict or affect the rights, privileges and immunities conferred or vested under any law prior to the enactment hereof; or pending litigation and existing causes of action; n... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4062/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4062 - Non-retroactivity of amendments | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4062 - Non-retroactivity of amendments | This subtitle may be amended or repealed at the will of the Legislature; but neither the repeal nor the amendment of this subtitle shall work to detract or impair any remedy against any corporation in accordance with this subtitle or against the officers of the corporation for any liability incurred before such repeal ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4063/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4063 - Special laws | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4063 - Special laws | No provision of this subtitle shall repeal or be interpreted as repealing, wholly or partially, any law of the Commonwealth relating to the regulation of banks or banking, insurance or insurance companies, public utility companies or other special classes of corporations which the Commonwealth may have regulated.
Histo... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4064/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4064 - Conversions | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4064 - Conversions | (a) The stockholders of a professional corporation may convert it into a civil partnership by unanimous agreement. In order to do so, they shall proceed with the dissolution of the corporation in accordance with the provisions of this subtitle, and to the constitution of a partnership as provided in the Civil Code.
(b)... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4065/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4065 - Regulations | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4065 - Regulations | The Secretary of State shall set forth through regulation any rules necessary to fulfill his/her duties, as provided in this subtitle, including but not limited to the filing of documents and other transactions with the Department of State through electronic means.
History —Dec. 16, 2009, No. 164, § 22.07. |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-242/4066/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066)›§ 4066 - Late annual reports | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 242 - Date of Effectiveness, Regulations, Repeal and Transitory Rules (§§ 4061 — 4066) › § 4066 - Late annual reports | For the purpose of conforming existing corporations to this new subtitle, the Secretary of State is hereby empowered to set forth a window of opportunity as a transitory measure, which shall not exceed from five (5)-months, for any non-profit corporation owing corporate reports to have the opportunity to file such repo... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4071/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4071 - Applicable law | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4071 - Applicable law | This chapter shall govern all public benefit corporations, as defined in § 4073 of this title. If a corporation elects to become a public benefit corporation under and as prescribed in this chapter, it shall be subject to the provisions of this subtitle, except as otherwise provided in this chapter.
History —Dec. 16, 2... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4072/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4072 - Effect of this chapter on other laws | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4072 - Effect of this chapter on other laws | This chapter shall not repeal any statute or legal provision that governs or may govern any corporation organized under the General Corporations Act other than a public benefit corporation.
A public benefit corporation may be simultaneously subject to this chapter and other chapters of this the General Corporations Act... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4073/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4073 - Definitions | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4073 - Definitions | (a) Public benefit corporation.— A public benefit corporation is a for profit corporation that may issue stocks and capital stocks, organized in accordance with the requirements of this chapter, whose mission and purposes are directed toward creating a general public benefit. For these purposes, a public benefit corpor... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4074/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4074 - Incorporation of a public benefit corporation | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4074 - Incorporation of a public benefit corporation | A public benefit corporation shall be incorporated in the Department of State of the Commonwealth of Puerto Rico in accordance with §§ 3501, 3502 and 3503 of this title. The certificate of incorporation of every public benefit corporation shall state:
(1) The general public benefit sought by the corporation through its... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4075/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4075 - Election of status of public benefit corporation; amendments; merger | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4075 - Election of status of public benefit corporation; amendments; merger | (a) Conversion by amendment.— Any corporation organized in accordance with the provisions of this subtitle may become a public benefit corporation under this chapter upon the issuance, authentication, filing, and registration of a certificate of amendment to its certificate of incorporation, which shall include, in add... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4076/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4076 - Termination of status | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4076 - Termination of status | (a) A public benefit corporation may terminate its status as such and cease to be subject to this chapter by amending its certificate of incorporation and deleting the provision required under § 4074 of this title stating that the corporation is a public benefit corporation. Such amendment shall be approved in accordan... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4077/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4077 - Corporate purposes | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4077 - Corporate purposes | (a) General public benefit.— A public benefit corporation shall create a general public benefit, in addition to any other ends and purposes stated in §§ 3501—3508 of this title.
(b) The creation of a general public benefit shall respond to the best interests of the public benefit corporation.
(c) Amendment.— A public b... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4078/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4078 - Duties of the board of directors of a public benefit corporation | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4078 - Duties of the board of directors of a public benefit corporation | (a) The business and affairs of every public benefit corporation organized in accordance with the provisions of this chapter shall be managed by the Board of Directors.
(b) The Board of Directors, its committees, workgroups, administrative bodies, and other related groups, as created, as well as directors in their indi... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4079/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4079 - Public benefit director | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4079 - Public benefit director | (a) General rule.— Any Board of Directors of a public benefit corporation organized under the provisions of this chapter may designate from among its members a public benefit director who shall have, in addition to the same powers, duties, rights, and immunities of the other directors of the public benefit corporation,... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4080/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4080 - Standards of conduct for officers and employees | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4080 - Standards of conduct for officers and employees | (a) General rule.— The authority and powers vested in every public benefit corporation organized under this chapter or in the directors and officers thereof, described in the certificate of incorporation or instrument with similar force and effect, or the corporate bylaws shall be enjoyed and exercised by the corporati... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4081/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4081 - Public benefit officer | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4081 - Public benefit officer | (a) A public benefit corporation may have an officer designated as Public Benefit Officer.
(b) Duties.— A public benefit officer shall administer the bylaws established by the Board of Directors to pursue general public benefits.
History —Dec. 16, 2009, No. 164, added as § 23.11 on Dec. 22, 2015, No. 233, § 8, eff. 90 ... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4082/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4082 - Derivative suits in public benefit corporations | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4082 - Derivative suits in public benefit corporations | (a) Legal standing.— Only stockholders who own, individually or collectively, at least five percent (5%) of the total number of outstanding shares of one class or series at the time of the action or inaction stated in the suit, may initiate a derivative suit:
(1) Only for the failure to pursue or create a general publi... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4083/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4083 - Transparency; annual reports; annual benefit report | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4083 - Transparency; annual reports; annual benefit report | (a) Every public benefit corporation organized under this chapter shall file annually a certified report with the Department of State, not later than April fifteenth (15th) of each year, pursuant to subsections (a) and (b) of § 3503 of this title, by an authorized officer, director or the incorporator, as provided in §... |
https://law.justia.com/codes/puerto-rico/title-fourteen/subtitle-5/chapter-243/4084/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FOURTEEN - Private Corporations (§§ 1 — 4084)›Subtitle 5 - General Corporations Act (2009)›Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084)›§ 4084 - Stock certificates | 2023 Laws of Puerto Rico › TITLE FOURTEEN - Private Corporations (§§ 1 — 4084) › Subtitle 5 - General Corporations Act (2009) › Chapter 243 - Public Benefit Corporations (§§ 4071 — 4084) › § 4084 - Stock certificates | All certificates representing shares in a public benefit corporation shall contain the following sentence in a conspicuous language: “This public benefit corporation is subject to Chapter XXIII of the Puerto Rico General Corporations Act, Act No. 164-2009, as amended.
History —Dec. 16, 2009, No. 164, added as § 23.14 o... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/13/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 13 - Local parks—Restricted revenue account; donations | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 13 - Local parks—Restricted revenue account; donations | The Secretary of the Treasury of Puerto Rico is hereby authorized and directed to create a restricted revenue account to which shall be credited the funds derived from donations made by persons or organizations concerned with the construction of such parks, as hereinafter provided for. The proceeds of the donations so ... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/14/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 14 - Local parks—Powers and duties as to local parks | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 14 - Local parks—Powers and duties as to local parks | In connection with the construction and maintenance of such local parks, the Sports and Recreation Department shall have the following faculties, powers, and duties:
(a) To construct, maintain, organize, direct, regulate, and control the same, including the development of such activities as befit such parks.
(b) To app... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/15/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 15 - Local parks—Place of sale | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 15 - Local parks—Place of sale | The sale of admission tickets to sports events outside the places expressly provided for these purposes by the impresario of the event with the approval of the Sports and Recreation Secretary is hereby prohibited.
Any person who sells or permits or aids in the selling of tickets to a sports event outside the place expr... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/16/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 16 - Admission tickets to sports events—Sale in excess of capacity | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 16 - Admission tickets to sports events—Sale in excess of capacity | There is hereby prohibited the sale of tickets in excess of the maximum capacity as fixed by the Sports and Recreation Secretary and the Chief of the Firefighters Corps for each of the types of localities of the park where a sports event is to be held.
History —Dec. 15, 1953, No. 7, p. 96, § 2; June 16, 1956, No. 51, p... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/17/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 17 - Admission tickets to sports events—Penalties; impresario defined | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 17 - Admission tickets to sports events—Penalties; impresario defined | Any impresario of a sports event or any employee thereof who refuses or in any way fails to comply with the provisions of §§ 15—20 of this title or of the regulations that the Secretary of the Treasury may prescribe for implementing same, shall be guilty of a misdemeanor and upon conviction punished by a fine of not le... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/18/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 18 - Admission tickets to sports events—Administrative fines | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 18 - Admission tickets to sports events—Administrative fines | The Secretary of the Treasury is hereby authorized to levy administrative fines not exceeding five hundred dollars ($500) for each violation on any natural or [juridical] person violating the provisions of §§ 15—20 of this title or of any regulations promulgated or which may be promulgated for their enforcement; Provid... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/19/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 19 - Admission tickets to sports events—Cooperation of Chief of Police | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 19 - Admission tickets to sports events—Cooperation of Chief of Police | The Chief of the Police of Puerto Rico is hereby directed to cooperate with the Secretary of the Treasury or his agents in the implementing of §§ 15—20 of this title, pursuant to the regulations that the said Secretary may promulgate.
History —Dec. 15, 1953, No. 7, p. 96, § 5. |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/20/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 20 - Admission tickets to sports events—Regulations | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 20 - Admission tickets to sports events—Regulations | The Secretary of the Treasury is hereby empowered to draft and promulgate such regulations as may be necessary for the carrying out of the purposes of §§ 15—20 of this title, which regulations shall have the force of law as soon as they are approved and promulgated, provided that said regulations shall be published in ... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-1/22/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22)›§ 22 - Germán Riekehoff-Sampayo Excellence in Sports Medal | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 1 - Public Recreation and Parks Administration (§§ 1 — 22) › § 22 - Germán Riekehoff-Sampayo Excellence in Sports Medal | (a) An award is established with the name of “Germán Rieckehoff-Sampayo Excellence in Sports Medal of the Legislature of Puerto Rico” to annually acknowledge outstanding merits in the state or international arena of sportsmen who have rendered exceptional and ennobling services for the sporting image of Puerto Rico.
Th... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-2/25/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 2 - Permanent Register of Outstanding Puerto Rican Athletes (§§ 25 — 26)›§ 25 - Definitions | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 2 - Permanent Register of Outstanding Puerto Rican Athletes (§§ 25 — 26) › § 25 - Definitions | For the purposes of this chapter, the following terms shall have the meaning expressed below:
(1) Department. — Means the Sports and Recreation Department.
(2) Outstanding athlete. — Means a person who has practiced, practices or is involved in any sport and who has obtained or achieved local or international recogniti... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-2/26/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 2 - Permanent Register of Outstanding Puerto Rican Athletes (§§ 25 — 26)›§ 26 - Permanent Register | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 2 - Permanent Register of Outstanding Puerto Rican Athletes (§§ 25 — 26) › § 26 - Permanent Register | (a) The Permanent Register of Outstanding Puerto Rican Athletes is hereby established within the Sports and Recreation Department.
(b) The Department shall be the custodian of said Register, which shall be periodically updated.
(c) The Secretary may:
(1) Prepare the Register.
(2) Employ the necessary professional, tech... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/41/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 41 - Colón Park Board | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 41 - Colón Park Board | A board is created which shall be known as “Commonwealth Board of Colón Park”, composed of the Mayor of Aguadilla, the Mayor of Aguada, and the Secretary of Transportation and Public Works or any person designated by him to represent him on said board; Provided, That the persons composing said board shall serve ad hono... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/42/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 42 - Colón Park Board—Powers | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 42 - Colón Park Board—Powers | This board shall have in its charge the maintenance and improvement of Colón Park, of all historic monuments, and of buildings and dependencies now existing thereon, as well as of all those that may be constructed hereafter, and shall cooperate with the authorities who appropriate funds for the maintenance and beautify... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/43/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 43 - Colón Park Board—Authority to administer funds | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 43 - Colón Park Board—Authority to administer funds | The Colón Park Board is hereby authorized to receive donations for the maintenance and improvement of said Colón Park and to administer said fund as well as any other funds which may be placed at its disposal by the federal or Commonwealth Government or by any municipality.
History —May 15, 1938, No. 320, p. 567, § 3, ... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/44/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 44 - Colón Park Board—Exploitation of buildings | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 44 - Colón Park Board—Exploitation of buildings | The Colón Park Board is hereby further authorized to exploit, as it deems advisable, the buildings now existing and those hereafter constructed, either for account of the board or through lease to private persons; Provided, That all receipts obtained from the exploitation of said buildings shall be applied by the board... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/53/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 53 - State Park Condado Lagoon | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 53 - State Park Condado Lagoon | (a) The Condado Lagoon and all the public lands surrounding it are hereby declared as Commonwealth Park under the jurisdiction of the Sports and Recreation Department.
(b) The Sports and Recreation Department shall be in charge of the development and embellishment of said area, as well as of the regulations for its use... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/54/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 54 - Muñoz Rivera Park museum; funds | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 54 - Muñoz Rivera Park museum; funds | (a) The Secretary of Agriculture of Puerto Rico is hereby directed to transfer to the Sports and Recreation Department the museum of the Department of Agriculture located at Muñoz Rivera Park and organized by virtue of the Organic Act of said Department, §§ 351—362, 366—375 and 378—385 of Title 3, including all specime... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/55/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 55 - El Parque Campo del Morro | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 55 - El Parque Campo del Morro | (a) The Grounds of El Morro are hereby declared as a State Park, under the jurisdiction of the Sports and Recreation Department, which shall be known as “ El Parque Campo del Morro ”.
(b) For the purposes of this section, the “Grounds of El Morro” shall be understood to be the land comprised within the perimeter formed... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/56/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 56 - Luis Muñoz Marín Park | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 56 - Luis Muñoz Marín Park | The park which has been known as “Las Américas” is hereby named “Luis Muñoz Marín Park”.
History —Oct. 6, 1980, No. 14, p. 1000. |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/57/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 57 - Father Santiago Guerra Park | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 57 - Father Santiago Guerra Park | The recreational and passive park of the San Antonio and San José Urbanizations of Ponce is hereby designated with the name of Father Santiago Guerra.
History —Sept. 17, 1994, No. 107, § 1. |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/58/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 58 - Dr. Juan A. Rivero Zoo | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 58 - Dr. Juan A. Rivero Zoo | (a) It is hereby provided that the Mayagüez Zoo be designated as the Dr. Juan A. Rivera Zoo.
(b) The Public Structures and Roads Commission of the Commonwealth of Puerto Rico shall take the necessary measures to comply with the provisions of this section without being subject to the provisions of §§ 178—182 of Title 23... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/59/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 59 - Doctor José Celso Barbosa Third Millennium Park | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 59 - Doctor José Celso Barbosa Third Millennium Park | (a) It is hereby directed that the Third Millennium Park in San Juan be denominated as the “Doctor José Celso Barbosa Third Millennium Park”.
(b) The Structures and Public Highways Commission shall take the necessary steps to comply with the provisions of this section, without being subject to the provisions of §§ 178 ... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/60/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 60 - José del Carmen “Pinky” Nieves-Rivera Fire Station | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 60 - José del Carmen “Pinky” Nieves-Rivera Fire Station | (a) The Fire Station of the Municipality of Aguas Buenas is hereby designated as the José del Carmen “Pinky” Nieves-Rivera, Fire Station.
(b) The Public Structures and Highways Naming Commission of the Institute of Puerto Rican Culture is hereby relieved from the designating function as conferred by law.
History —June ... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-3/61/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 3 - Parks (§§ 41 — 61)›§ 61 - Miguel Ángel Luzunaris-Soto Baseball Complex | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 3 - Parks (§§ 41 — 61) › § 61 - Miguel Ángel Luzunaris-Soto Baseball Complex | (a) The Little League Baseball Complex is hereby designated as the “Miguel Ángel Luzunaris-Soto Baseball Complex”, in order to pay homage to the person who was the advocate for the creation of Little League baseball teams in Humacao.
(b) The Puerto Rico Public Structures and Highways Naming Commission, the Sports and R... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-5/71/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 5 - Games of Chance (§§ 71 — 91)›§ 71 - Games of chance in licensed gambling rooms, authorized | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 5 - Games of Chance (§§ 71 — 91) › § 71 - Games of chance in licensed gambling rooms, authorized | (a) Any person who plays, takes part in, establishes, opens, prompts the opening of, or directs, as principal or employee, through lease or otherwise, any game of faro, monte, roulette, fan tan, poker, seven-up, Blackjack, hokey pokey or any game of chance played with cards, dice or of any other kind, for money, checks... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-5/71a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 5 - Games of Chance (§§ 71 — 91)›§ 71a - Slot machine service attendants and technicians | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 5 - Games of Chance (§§ 71 — 91) › § 71a - Slot machine service attendants and technicians | (a) Every slot machine service attendant and technician who ceases to work for the Tourism Company as a result of being contracted by a licensee pursuant to the provisions of § 71(c) of this title, shall receive from the Tourism Company for a period of one year, while employed by a licensee as a slot machine service at... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-5/71b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 5 - Games of Chance (§§ 71 — 91)›§ 71b - Untransferable power to remove, collect and enter in the books the moneys obtained from the... | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 5 - Games of Chance (§§ 71 — 91) › § 71b - Untransferable power to remove, collect and enter in the books the moneys obtained from the slot machines | (a) The Tourism Company is hereby granted the exclusive and untransferable authority to:
(1) Remove, collect and enter in the books all the moneys and/or tokens obtained from the slot machines, regardless of whether the slot machines are owned by or under the control of the Tourism Company or a holder of a license to o... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-5/72/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 5 - Games of Chance (§§ 71 — 91)›§ 72 - Games of chance in licensed gambling rooms, authorized—Qualifications for licenses | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 5 - Games of Chance (§§ 71 — 91) › § 72 - Games of chance in licensed gambling rooms, authorized—Qualifications for licenses | (a) The Commissioner of Financial Institutions is hereby empowered to issue licenses for the operation of gambling rooms for roulette, craps, cards and bingo, where the machines known as slot machines, be they owned or leased by the Tourism Company or a holder of a gambling license, may be installed and operated pursua... |
https://law.justia.com/codes/puerto-rico/title-fifteen/subtitle-1/chapter-5/73/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020)›Subtitle 1 - Generally (§§ 1 — 915)›Chapter 5 - Games of Chance (§§ 71 — 91)›§ 73 - Games of chance in licensed gambling rooms, authorized—License applications | 2023 Laws of Puerto Rico › TITLE FIFTEEN - Sports and Parks (§§ 1 — 2020) › Subtitle 1 - Generally (§§ 1 — 915) › Chapter 5 - Games of Chance (§§ 71 — 91) › § 73 - Games of chance in licensed gambling rooms, authorized—License applications | Any person interested in obtaining a license under the provisions of §§ 71—79 and 85—89 of this title shall file a sworn application before the Commissioner of Financial Institutions showing that he/she meets the requirements established in § 76 of this title. Said application shall be accompanied by the sum of fifteen... |
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