P.R. Laws tit. 14, § 3833
2019-02-20 00:00:00+00
The fact that a close corporation does not observe the customary corporate formalities or requirements with respect to its corporate powers or the conduct of its business and affairs is not grounds for imposing personal liability on the stockholders for the liabilities of the corporation.
History —Dec. 16, 2009, No. 164, § 14.13.