P.R. Laws tit. 7, § 207
Said plan, when approved by such depositors and creditors of the closed bank the reopening, reorganization, liquidation, or realization of the assets, and the payment of the liabilities of which, is being considered, as represent not less than two-thirds (⅔) of the total amount of its credits and deposits after deducting such compensations as are proper under the law, and excluding the duly secured funds of the Commonwealth or Federal Government, municipalities, courts, and other dependencies of the Commonwealth or Federal Government, preferred credits, and other secured credits shall be returned to the Secretary of the Treasury of Puerto Rico for final approval thereof.
History —Apr. 18, 1933, No. 17, p. 218, § 2; Apr. 30, 1948, No. 60, p. 118, § 2.