P.R. Laws tit. 7, § 611l

2019-02-20 00:00:00+00
§ 611l. Nullity of transfers

Every transfer of notes, bonds, bills of exchange or credit balances of the Bank or deposits to the credit thereof, as well as every assignment of mortgage, collateral on real property or of a judgment or decree in favor of the Bank, and every deposit or other thing of value; and every cash payment made to its creditors while the Bank is bankrupt or pending bankruptcy, with the purpose of preventing the application of the assets of the Bank in the manner prescribed in this chapter, or with the idea of giving preference to one creditor over another.

History —July 24, 1985, No. 22, p. 735, § 13; June 10, 1998, No. 88, § 2.