P.R. Laws tit. 10, § 429
2019-02-20 00:00:00+00
A receipt which is not in such form that it can be negotiated by delivery may be transferred by the holder by delivery to a purchaser or donee.
A nonnegotiable receipt cannot be negotiated, and the indorsement of such a receipt gives the transferee no additional right.
History —Feb. 21, 1918, No. 9, p. 22, § 39.