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https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-iv/2160/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter IV - Filing... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter IV - Filing (§§ 2151 — 2163) › § 2160 - Exemption of United... | History —Aug. 17, 1995, No. 208, added as § 9-410 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-iv/2161/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter IV - Filing... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter IV - Filing (§§ 2151 — 2163) › § 2161 - Exemption of Common... | History —Aug. 17, 1995, No. 208, added as § 9-411 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-iv/2162/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter IV - Filing... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter IV - Filing (§§ 2151 — 2163) › § 2162 - Exemption of cooper... | History —Aug. 17, 1995, No. 208, added as § 9-412 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-iv/2163/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter IV - Filing... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter IV - Filing (§§ 2151 — 2163) › § 2163 - Security interests ... | History —Aug. 17, 1995, No. 208, added as § 9-413 on Sept. 19, 1996, No. 241, § 13; Jan. 16, 1997, No. 1, § 1; Dec. 31, 1997, No. 214, § 7, eff. Jan. 1, 1998; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2201/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2201 - Default; procedure ... | History —Aug. 17, 1995, No. 208, added as § 9-501 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2202/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2202 - Collection rights o... | History —Aug. 17, 1995, No. 208, added as § 9-502 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2203/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2203 - Secured party’s rig... | History —Aug. 17, 1995, No. 208, added as § 9-503 on Sept. 19, 1996, No. 241, § 13; Dec. 31, 1997, No. 214, § 9, eff. Jan. 1, 1998; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2204/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2204 - Secured party’s rig... | History —Aug. 17, 1995, No. 208, added § 9-504 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2205/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2205 - Compulsory disposit... | History —Aug. 17, 1995, No. 208, added as § 9-505 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2206/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2206 - Debtor’s right to r... | History —Aug. 17, 1995, No. 208, added as § 9-506 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55/subchapter-v/2207/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207)›Subchapter V - Default... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55 - Secured Transactions; Sales of Accounts and Chattel Paper; Consignments (§§ 2001-2207 — 2207) › Subchapter V - Default (§§ 2201 — 2207) › § 2207 - Secured party’s lia... | History —Aug. 17, 1995, No. 208, added as § 9-507 on Sept. 19, 1996, No. 241, § 13; Repealed. Act. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2211/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2211 - Short title | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2211 - Short title | This chapter may be cited as Chapter 9–Secured Transactions.
History —Sept. 19, 1996, No. 241, added as § 9–101 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2212/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2212 - Definitions and i... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2212 - Definitions and index of definitions | (a) In this chapter:
(1) Accession.— Means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.
(2) Account, except as used in account for.— Means a right to payment of a monetary obligation, whether or not earned by performance, (i) for property that h... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2213/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2213 - Purchase-money se... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2213 - Purchase-money security interest; application of payments; burd... | (a) Definitions.— In this section:
(1) Purchase-money collateral.— Means goods or software that secures a purchase-money obligation incurred with respect to that collateral, and
(2) Purchase-money obligation.— Means an obligation of an obligor incurred as all or part of the price of the collateral or for value given to... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2214/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2214 - Control of deposi... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2214 - Control of deposit account | (a) Requirements for control.— A secured party has control of a deposit account if:
(1) The secured party is the bank with which the deposit account is maintained;
(2) the debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party d... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2215/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2215 - Control of electr... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2215 - Control of electronic chattel paper | (a) General rule: control of electronic chattel paper.— A secured party has control of electronic chattel paper if a system employed for evidencing the transfer of interests in the chattel paper reliably establishes the secured party as the person to which the chattel paper was assigned.
(b) Specific facts giving contr... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2216/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2216 - Control of invest... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2216 - Control of investment property | (a) Control under § 1706 of this title.— A person has control of a certificated security, uncertificated security, or security entitlement as provided in § 1706 of this title.
(b) Control of commodity contract.— A secured party has control of a commodity contract if:
(1) The secured party is the commodity intermediary ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2217/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2217 - Control of letter... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2217 - Control of letter-of-credit right | A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under § 1233(c) of this title or otherwise applicable law or practice.
H... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2217a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2217a - Control over lif... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2217a - Control over life insurance policy | (a) Requirements for control.— A secured party has control over a life insurance policy:
(1) If the secured party is the insurer that issued the policy, or
(2) if the secured party is not also the insurer, the insurer authenticates a record acknowledging notice of the granting of a security interest to the secured part... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2217b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2217b - Control conditio... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2217b - Control conditioned on default | A secured party that has satisfied § 2214, 2215, 2216, 2217 or 2217a of this title has control with respect to such collateral even if the secured party has agreed not to exercise its rights until a default by the debtor or other unfulfilled condition is met.
History —Sept. 19, 1996, No. 241, added as § 9–107.2 on Jan.... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2218/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2218 - Sufficiency of de... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2218 - Sufficiency of description | (a) Sufficiency of description.— Except as otherwise provided in subsections (c), (d), and (e) of this section, a description of personal property is sufficient, whether or not it is specific, if it reasonably identifies what is described.
(b) Examples of reasonable identification.— Except as otherwise provided in subs... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2219/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2219 - Scope | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2219 - Scope | (a) General scope of chapter.— Except as otherwise provided in subsections (c) and (d), this chapter applies to:
(1) A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;
(2) an agricultural lien;
(3) a sale of accounts, chattel paper, payment intangibles,... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-i/2220/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter I - General Provisions (§§ 2211 — 2220)›§ 2220 - [Reserved.] | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter I - General Provisions (§§ 2211 — 2220) › § 2220 - [Reserved.] | History —Sept. 19, 1996, No. 241, added as § 9–110 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2231/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2231 - General effectiveness of sec... | (a) General effectiveness.— Except as otherwise provided in the Commercial Transactions Act, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.
(b) Applicable consumer laws and other law.— A transaction subject to this chapter is su... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2232/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2232 - Title to collateral immateri... | Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this chapter with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
History —Sept. 19, 1996, No. 241, added a... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2233/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2233 - Attachment and enforceabilit... | (a) Attachment.— A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment.
(b) Enforceability.— Except as otherwise provided in subsections (c) through (i) of this section, a security interest... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2234/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2234 - After-acquired property; fut... | (a) After-acquired collateral.— Except as otherwise provided in subsection (b) of this section, a security agreement may create or provide for a security interest in after-acquired collateral.
(b) When after-acquired property clause not effective.— A security interest does not attach under a term constituting an after-... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2235/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2235 - Use or disposition of collat... | (a) When security interest not invalid or fraudulent.— A security interest is not invalid or fraudulent against creditors solely because:
(1) The debtor has the right or ability to:
(A) Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;
(B) collect, compromise, enforce... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2236/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2236 - Security interest arising in... | (a) Security interest when person buys through securities intermediary.— A security interest in favor of a securities intermediary attaches to a person's security entitlement if:
(1) The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purcha... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2237/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2237 - Rights and duties of secured... | (a) Duty of care when secured party in possession.— Except as otherwise provided in subsection (e) of this section, a secured party shall use reasonable care in the custody and preservation of collateral in the secured party's possession. In the case of chattel paper or an instrument, reasonable care includes taking ne... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2238/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2238 - Additional duties of secured... | (a) Applicability of section.— This section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value.
(b) Duties of secured party after receiving demand from debtor.— Within ten (10) days after receiving an a... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2239/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2239 - Duties of secured party if a... | (a) Applicability of section.— Except as otherwise provided in subsection (c) of this section, this section applies if:
(1) There is no outstanding secured obligation, and
(2) the secured party is not committed to make advances, incur obligations, or otherwise give value.
(b) Duties of secured party after receiving dem... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-ii/2240/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter II - Effectiveness and Attachment; Rights and Obligations (§§ 2231 — 2240) › § 2240 - Request for accounting; requ... | (a) Definitions.— In this section:
(1) Request.— Means a record of a type described in clause (2), (3), or (4).
(2) Request for an accounting.— Means a record authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying the tran... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2251/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2251 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2251 - Law governing perfection and priority of security intere... | Except as otherwise provided in §§ 2253–2256 of this title, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral:
(1) Except as otherwise provided in this section, while a debtor is located in a jurisdiction, the loc... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2252/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2252 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2252 - Law governing perfection and priority of agricultural li... | While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
History —Sept. 19, 1996, No. 241, added as § 9-302 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2253/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2253 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2253 - Law governing perfection and priority of security intere... | (a) Applicability of section.— This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.
(b) When goods covered by certificate of title.— Goods become covered by a c... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2254/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2254 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2254 - Law governing perfection and priority of security intere... | (a) Law of bank's jurisdiction governs.— The local law of a bank's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank.
(b) Bank's jurisdiction.— The following rules determine a bank's jurisdiction for purpose... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2255/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2255 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2255 - Law governing perfection and priority of security intere... | (a) Governing law: general rules.— Except as otherwise provided in subsection (c) of this section, the following rules apply:
(1) While a security certificate is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security in... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2256/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2256 - Law govern... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2256 - Law governing perfection and priority of security intere... | (a) Governing law: issuer's or nominated person's jurisdiction.— Subject to subsection (c) of this section, the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right i... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2257/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2257 - Location o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2257 - Location of debtor | (a) Place of business.— In this section, “place of business” means a place where a debtor conducts its affairs.
(b) Debtor's location: general rules.— Except as otherwise provided in this section, the following rules determine a debtor's location:
(1) A debtor who is an individual is located at the individual's princip... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2258/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2258 - When secur... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2258 - When security interest or agricultural lien is perfected... | (a) Perfection of security interest.— Except as otherwise provided in this section and § 2259 of this title, a security interest is perfected if it has attached and all of the applicable requirements for perfection in §§ 2260–2266 of this title have been satisfied. A security interest is perfected when it attaches if t... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2259/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2259 - Security i... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2259 - Security interest perfected upon attachment | The following security interests are perfected when they attach:
(1) A purchase-money security interest in consumer goods, except as otherwise provided in § 2261(b) of this title with respect to consumer goods that are subject to a statute or treaty described in § 2261(a) of this title;
(2) an assignment of accounts or... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2260/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2260 - When filin... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2260 - When filing required to perfect security interest or agr... | (a) General rule: perfection by filing.— Except as otherwise provided in subsection (b) and § 2262(b) of this title a financing statement must be filed to perfect all security interests and agricultural liens.
(b) Exceptions: filing not necessary.— The filing of a financing statement is not necessary to perfect a secur... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2261/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2261 - Perfection... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2261 - Perfection of security interests in property subject to ... | (a) Security interest subject to other law.— Except as otherwise provided in subsection (d) of this section, the filing of a financing statement is not necessary or effective to perfect a security interest in property subject to:
(1) A statute, regulation, or treaty of the United States whose requirements for a securit... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2262/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2262 - Perfection... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2262 - Perfection of security interests in chattel paper, depos... | (a) Perfection by filing permitted.— A security interest in chattel paper, negotiable documents, instruments, or investment property may be perfected by filing.
(b) Control or possession of certain collateral.— Except as otherwise provided in subsections (c) and (d) of § 2265 of this title for proceeds:
(1) A security ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2263/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2263 - When posse... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2263 - When possession by or delivery to secured party perfects... | (a) Perfection by possession or delivery.— Except as otherwise provided in subsection (b) of this section, a secured party may perfect a security interest in negotiable documents, goods, instruments, money, or tangible chattel paper by taking possession of the collateral. A secured party may perfect a security interest... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2264/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2264 - Perfection... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2264 - Perfection by control | (a) Perfection by control.— A security interest in investment property, deposit accounts, letter-of-credit rights, or electronic chattel paper or a life insurance policy may be perfected by control of the collateral under § 2214, 2215, 2216, 2217 or 2217a of this title.
(b) Specified collateral: time of perfection by c... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2265/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2265 - Secured pa... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2265 - Secured party's rights on disposition of collateral and ... | (a) Disposition of collateral: continuation of security interest or agricultural lien; proceeds.— Except as otherwise provided in this chapter:
(1) A security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party autho... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2266/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2266 - Effect of ... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2266 - Effect of change in governing law | (a) General rule: effect on perfection of change in governing law.— A security interest perfected pursuant to the law of the jurisdiction designated in § 2251(1) or § 2255(c) of this title remains perfected until the earliest of:
(1) The time perfection would have ceased under the law of that jurisdiction;
(2) the expi... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2267/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2267 - Interests ... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2267 - Interests that take priority over or take free of securi... | (a) Conflicting security interests and rights of lien creditors.— A security interest or agricultural lien is subordinate to the rights of:
(1) A person entitled to priority under § 2272 of this title, and
(2) except as otherwise provided in subsection (e) of this section, a person that becomes a lien creditor before t... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2268/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2268 - No interes... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2268 - No interest retained in right to payment that is sold; r... | (a) Seller retains no interest.— A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain an ownership interest in the collateral sold.
(b) Deemed rights of debtor if buyer's security interest unperfected.— For purposes of determining the rights of creditors of, and purch... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2269/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2269 - Rights and... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2269 - Rights and title of consignee with respect to creditors ... | (a) Consignee has consignor's rights.— Except as otherwise provided in subsection (b) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2270/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2270 - Buyer of g... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2270 - Buyer of goods | (a) Buyer in ordinary course of business.— Except as otherwise provided in subsection (e) of this section, a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security i... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2271/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2271 - Licensee o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2271 - Licensee of general intangible and lessee of goods in or... | (a) Licensee in ordinary course of business.— In this section, “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a per... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2272/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2272 - Priorities... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2272 - Priorities among conflicting security interests in and a... | (a) General priority rules.— Except as otherwise provided in this section, priority among conflicting security interests and agricultural liens in the same collateral is determined according to the following rules:
(1) Conflicting perfected security interests and agricultural liens rank according to priority in time of... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2273/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2273 - Future adv... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2273 - Future advances | (a) When priority based on time of advance.— Except as otherwise provided in subsection (c) of this section, for purposes of determining the priority of a perfected security interest under § 2272(a)(1) of this section, perfection of the security interest dates from the time an advance is made to the extent that the sec... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2274/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2274 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2274 - Priority of purchase-money security interests | (a) General rule: purchase-money priority.— Except as otherwise provided in subsection (g) of this section, a perfected purchase-money security interest in goods other than inventory or livestock has priority over a conflicting security interest in the same goods, and, except as otherwise provided in § 2277 of this tit... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2275/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2275 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2275 - Priority of security interests in transferred collateral | (a) Subordination of security interest in transferred collateral.— Except as otherwise provided in subsection (b) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(1) The debtor acquired the collateral subject to the secu... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2276/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2276 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2276 - Priority of security interests created by new debtor | (a) Subordination of security interest created by new debtor.— Subject to subsection (b) of this section, a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and perfected by a filed financing statement that would be ineffective to perfect the security intere... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2277/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2277 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2277 - Priority of security interests in deposit account | The following rules govern priority among conflicting security interests in the same deposit account:
(1) A security interest held by a secured party having control of the deposit account under § 2214 of this title has priority over a conflicting security interest held by a secured party that does not have control.
(2)... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2278/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2278 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2278 - Priority of security interests in investment property | The following rules govern priority among conflicting security interests in the same investment property:
(1) A security interest held by a secured party having control of investment property under § 2216 of this title has priority over a security interest held by a secured party that does not have control of the inves... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2279/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2279 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2279 - Priority of security interests in letter-of-credit right | The following rules govern priority among conflicting security interests in the same letter-of-credit right:
(1) A security interest held by a secured party having control of the letter-of-credit right under § 2217 of this title has priority to the extent of its control over a conflicting security interest held by a se... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2279a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2279a - Priority ... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2279a - Priority of security interests in life insurance policy | The following rules govern priority among conflicting security interests in the same life insurance policy:
(1) A security interest held by an insurer has priority over a conflicting security interest held by another secured party.
(2) A secured party that has control over the life insurance policy has priority over a ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2280/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2280 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2280 - Priority of purchaser of chattel paper or instrument | (a) Purchaser's priority: security interest claimed merely as proceeds.— A purchaser of chattel paper has priority over a security interest in the chattel paper which is claimed merely as proceeds of inventory subject to a security interest if:
(1) In good faith and in the ordinary course of the purchaser's business, t... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2281/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2281 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2281 - Priority of rights of purchasers of instruments, documen... | (a) Rights under chapters 3, 7, and 8 not limited.— This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier se... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2282/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2282 - Transfer o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2282 - Transfer of money; transfer of funds from deposit accoun... | (a) Transferee of money.— A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party.
(b) Transferee of funds from deposit account.— A transferee of funds from a deposit account takes the funds free of a security... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2283/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2283 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2283 - Priority of certain liens arising by operation of law | (a) Possessory lien.— In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien:
(1) Which secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;
(2) which i... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2284/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2284 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2284 - Priority of security interests in fixtures and crops | (a) Security interest in fixtures under this chapter.— A security interest under this chapter may be created in goods that are fixtures or may continue in goods that become fixtures. A security interest does not exist under this chapter in ordinary building materials incorporated into an improvement on land.
(b) Securi... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2285/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2285 - Accessions | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2285 - Accessions | (a) Creation of security interest in accession.— A security interest may be created in an accession and continues in collateral that becomes an accession.
(b) Perfection of security interest.— If a security interest is perfected when the collateral becomes an accession, the security interest remains perfected in the co... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2286/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2286 - Commingled... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2286 - Commingled goods | (a) Commingled goods.— In this section, “commingled goods” means goods that are physically united with other goods in such a manner that their identity is lost in a product or mass.
(b) No security interest in commingled goods as such.— A security interest does not exist in commingled goods as such. However, a security... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2287/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2287 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2287 - Priority of security interests in goods covered by certi... | If, while a security interest in goods is perfected by any method under the law of another jurisdiction, this state issues a certificate of title that does not show that the goods are subject to the security interest or contain a statement that they may be subject to security interests not shown on the certificate:
(1)... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2288/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2288 - Priority o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2288 - Priority of security interest or agricultural lien perfe... | If a security interest or agricultural lien is perfected by a filed financing statement providing information described in § 2236(b)(5) of this title which is incorrect at the time the financing statement is filed:
(1) The security interest or agricultural lien is subordinate to a conflicting perfected security interes... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2289/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2289 - Priority s... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2289 - Priority subject to subordination | This chapter does not preclude subordination by agreement by a person entitled to priority.
History —Sept. 19, 1996, No. 241, added as § 9-339 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012. |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2290/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2290 - Effectiven... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2290 - Effectiveness of right of recoupment or set-off against ... | (a) Exercise of recoupment or set-off.— Except as otherwise provided in subsection (c) of this section, a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.
(b) Recoupment or set-off not affected ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2291/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2291 - Bank's rig... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2291 - Bank's rights and duties with respect to deposit account | Except as otherwise provided in § 2290(c) of this title, and unless the bank otherwise agrees in an authenticated record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
(1) The creation, attachment, or perfection of a security interes... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iii/2292/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter III - Perfection and Priority (§§ 2251 — 2292)›§ 2292 - Bank's rig... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter III - Perfection and Priority (§§ 2251 — 2292) › § 2292 - Bank's right to refuse to enter into or disclose existen... | This chapter does not require a bank to enter into an agreement of the kind described in § 2214(a)(2) of this title, even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its cu... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2301/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2301 - Alienabilit... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2301 - Alienability of debtor’s rights | (a) Other law governs alienability; exceptions.— Except as otherwise provided in subsection (b) and §§ 2306–2309 of this title, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
(b) Agreement does not prevent transfer.— An agreement betwe... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2302/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2302 - Secured par... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2302 - Secured party not obligated on contract of debtor or in t... | The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor’s acts or omissions.
History —Sept. 19, 1996, No. 241, added as § 9–402 on Jan. 17, 2012, No. 21, § 11, ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2303/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2303 - Agreement n... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2303 - Agreement not to assert defenses against assignee | (a) Value.— In this section, “value” has the meaning provided in § 603(a)of this title.
(b) Agreement not to assert claim or defense.— Except as otherwise provided in this section, an agreement between an account debtor and an assignor not to assert against an assignee any claim or defense that the account debtor may h... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2304/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2304 - Rights acqu... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2304 - Rights acquired by assignee; claims and defenses against ... | (a) Assignee’s rights subject to terms, claims, and defenses; exceptions.— Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e) of this section, the rights of an assignee are subject to:
(1) All terms of the agreement between the account... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2305/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2305 - Modificatio... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2305 - Modification of assigned contract | (a) Effect of modification on assignee.— A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2306/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2306 - Discharge o... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2306 - Discharge of account debtor; notification of assignment; ... | (a) Discharge of account debtor; effect of notification.— Subject to subsections (b) through (i) of this section, an account debtor on an account, chattel paper, or a payment intangible may discharge its obligation by paying the assignor until, but not after, the account debtor receives a notification, authenticated by... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2307/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2307 - Restriction... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2307 - Restrictions on creation or enforcement of security inter... | (a) Term restricting assignment generally ineffective.— Except as otherwise provided in subsection (b) of this section, a term in a lease agreement is ineffective to the extent that it:
(1) Prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachmen... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2308/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2308 - Restriction... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2308 - Restrictions on assignment of promissory notes, health-ca... | (a) Term restricting assignment generally ineffective.— Except as otherwise provided in subsection (b) of this section, a term in a promissory note or in an agreement between an account debtor and a debtor which relates to a health-care-insurance receivable or a general intangible, including a contract, permit, license... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-iv/2309/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter IV - Rights of Third Parties (§§ 2301 — 2309)›§ 2309 - Restriction... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter IV - Rights of Third Parties (§§ 2301 — 2309) › § 2309 - Restrictions on assignment of letter -of-credit rights in... | (a) Term or law restricting assignment generally ineffective.— A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary’s assignment of or c... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2321/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2321 - Filing office | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2321 - Filing office | (a) Filing offices.— If the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is:
(1) At the Department of Transportation and Public Works in the Registry of Motor Vehicles and T... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2322/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2322 - Contents of financing stateme... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2322 - Contents of financing statement; mortgage as financing statement; time of f... | (a) Sufficiency of financing statement.— Subject to subsection (b) of this section, a financing statement is sufficient only if it:
(1) Provides the name of the debtor;
(2) provides the name of the secured party or a representative of the secured party, and
(3) indicates the collateral covered by the financing statemen... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2323/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2323 - Name of debtor and secured pa... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2323 - Name of debtor and secured party | (a) Sufficiency of debtor's name.— A financing statement sufficiently provides the name of the debtor:
(1) Except as otherwise provided in clause (3), if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2324/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2324 - Indication of collateral.— | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2324 - Indication of collateral.— | A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) A description of the collateral pursuant to § 2218 of this title; or
(2) an indication that the financing statement covers all assets or all personal property.
(3) in the case of motor vehicles not held a... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2325/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2325 - Filing and compliance with ot... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2325 - Filing and compliance with other statutes and treaties for consignments, le... | (a) Use of terms other than “debtor” and “secured party”.— A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in § 2261(a) of this title, using the terms “consignor”, “consignee... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2326/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2326 - Effect of errors or omissions | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2326 - Effect of errors or omissions | (a) Minor errors and omissions.— A financing statement substantially satisfying the requirements of this subchapter is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
(b) Financing statement seriously misleading.— Except as otherwise... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2327/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2327 - Effect of certain events on e... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2327 - Effect of certain events on effectiveness of financing statement | (a) Disposition.— A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.
(b) Information becoming seri... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2328/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2328 - Effectiveness of financing st... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2328 - Effectiveness of financing statement if new debtor becomes bound by securit... | (a) Financing statement naming original debtor.— Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2329/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2329 - Persons entitled to file reco... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2329 - Persons entitled to file record | (a) Person entitled to file record.— A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:
(1) The debtor authorizes the filing in an authenticated record or pursuant to subsection (b) or (c), ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2330/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2330 - Effectiveness of filed record | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2330 - Effectiveness of filed record | (a) Filed record effective if authorized.— A filed record is effective only to the extent that it was filed by a person that may file it under § 2329 of this title.
(b) Authorization by one secured party of record.— A record authorized by one secured party of record does not affect the financing statement with respect ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2331/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2331 - Secured party of record | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2331 - Secured party of record | (a) Secured party of record.— A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under § 2334(a) of ... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2332/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2332 - Amendment of financing statem... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2332 - Amendment of financing statement | (a) Amendment of information in financing statement.— Subject to § 2329 of this title, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to subsection (e) of this section, otherwise amend the information provided in, a financing statement by filing an amendment th... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2333/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2333 - Termination statement | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2333 - Termination statement | (a) Consumer goods.— A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:
(1) There is no obligation secured by the collateral covered by the financing statement and no commitme... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2334/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2334 - Assignment of powers of secur... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2334 - Assignment of powers of secured party of record | (a) Assignment reflected on initial financing statement.— Except as otherwise provided in subsection (c) of this section, an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the ass... |
https://law.justia.com/codes/puerto-rico/title-nineteen/subtitle-2/chapter-55a/subchapter-v/2335/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409)›Subtitle 2 - Commercial Transactions (§§ 401 — 2409)›Chapter 55A - Secured Transactions (§§ 2211 — 2409)›Subchapter V - Filing (§§ 2321 — 2346)›§ 2335 - Duration and effectiveness of... | 2023 Laws of Puerto Rico › TITLE NINETEEN - Negotiable Instruments (§§ 1-24 — 2409) › Subtitle 2 - Commercial Transactions (§§ 401 — 2409) › Chapter 55A - Secured Transactions (§§ 2211 — 2409) › Subchapter V - Filing (§§ 2321 — 2346) › § 2335 - Duration and effectiveness of financing statement; effect of lapsed financi... | (a) Five (5)-year effectiveness.— Except as otherwise provided in subsections (b), (e), (f), and (g) of this section, a filed financing statement is effective for a period of ten (10) years after the date of filing.
(b) Public-finance or manufactured-home transaction.— Except as otherwise provided in subsections (e), (... |
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