P.R. Laws tit. 7, § 153
2019-02-20 00:00:00+00
All the banks and foreign banks doing business in Puerto Rico shall provide themselves with protection and indemnity against burglary, embezzlement and other similar insurable losses. In case a bank or foreign bank refuses to comply with this requirement, the Commissioner shall make arrangements to provide said protection and indemnity, charging the cost thereof to the bank or foreign bank.
History —May 12, 1933, No. 55, p. 322, added as § 36a on May 15, 1950, No. 430, p. 1056, § 13; Aug. 28, 1997, No. 108, § 40.