P.R. Laws tit. 16, § 626m

2019-02-20 00:00:00+00
§ 626m. Debts of parties

As of the effective date of this act, the certified debts of the political parties in the custody of the State Election Commission shall be in the custody of the Office of the Election Comptroller. Any outstanding debts of over ten (10) years, counted as of the time they became due and payable, may be claimed within forty-five (45) days according to the procedure established in this chapter. This process shall be carried out only once. Only those debts that are claimed within the term and under the conditions set forth in this section shall be payable. Failure to claim by the creditor shall not be construed as a contribution to the political party. The Election Comptroller shall publish only one public notice in a newspaper of general circulation stating in detail the name of the creditors and the amount of the debt. Creditors shall have a term of forty-five (45) days to claim the payment by filing a sworn statement with the Office of the Election Comptroller, as well as attesting evidence of the debt. Once the forty-five (45)-day term provided in this section elapses, all unclaimed debts of the parties shall prescribe and shall be eliminated from the records of the party, and may not be claimed, excepting those in which the Government of the Commonwealth of Puerto Rico is the creditor. The publication of the public notice shall not be construed as an admission or acceptance of the debt by the political party.

History —Nov. 18, 2011, No. 222, § 7.013; July 3, 2012, No. 135, § 19; renumbered as § 6.013 and amended on Dec. 19, 2014, No. 233, § 44.