P.R. Laws tit. 7, § 630j
Any business established pursuant to the provisions of this chapter may destroy its books and records after five (5) years have elapsed from the date of the last entry in such books or records or from the date in which any obligation ceases to be enforceable according to the documents in its possession.
The business shall submit a written request to the Commissioner to receive authorization to destroy said records. A list of the documents to be destroyed indicating the date that justifies such destruction shall be attached to said request.
The request shall also certify that any obligation appearing in the documents to be destroyed has ceased to be enforceable.
If the Commissioner fails to deny the request within fifteen (15) days from the date it was filed, it shall be understood that the same has been authorized and the destruction of the documents may proceed.
The destruction of the documents shall be carried out and an authorized officer or representative of the business shall prepare a document on said destruction of records. Said document shall be remitted to the Office of the Commissioner within fifteen (15) days from the date the same was executed.
The aforementioned document shall become part of the permanent records of the business.
History —Aug. 31, 2004, No. 236, § 12, eff. 60 days after Aug. 31, 2004.