P.R. Laws tit. 19, § 2361
(a) Rights of secured party after default.— After default, a secured party has the rights provided in this subchapter and, except as otherwise provided in § 2362 of this title, those provided by agreement of the parties. A secured party:
(1) May reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien by any available judicial procedure, and
(2) if the collateral is documents, may proceed either as to the documents or as to the goods they cover.
(b) Rights and duties of secured party in possession or control.— A secured party in possession of collateral or control of collateral under § 2214, 2215, 2216, 2217 or 2217a of this title has the rights and duties provided in § 2237 of this title.
(c) Rights cumulative; simultaneous exercise.— The rights under subsections (a) and (b) of this section are cumulative and may be exercised simultaneously.
(d) Rights of debtor and obligor.— Except as otherwise provided in subsection (g) and § 2365 of this title after default, a debtor and an obligor have the rights provided in this subchapter and by agreement of the parties.
(e) Continuation of security interest after judgment.— The security interest shall continue when the secured party has reduced its claim to judgment, and shall secure the judgment without interruption whether or not the security interest is expressly recognized in the judgment, except to the extent the judgment expressly provides to the contrary.
(f) Judicial sale.— A judicial sale pursuant to a judgment is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free of any other requirements of this chapter.
(g) Consignor or buyer of certain rights to payment.— Except as otherwise provided in § 2367(c) of this title, this subchapter imposes no duties upon a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles, or promissory notes.
History —Sept. 19, 1996, No. 241, added as § 9-601 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.