P.R. Laws tit. 13, § 32566
(a) Upon written application of the holder of a license required under this part, the Secretary may approve the authorization for the transfer of said license and the stock of alcoholic beverages to another site or building. The licenses required by this part shall not be transferred from one person to another.
(b) When the holder of a license sells or transfers his/her stock of alcoholic beverages to another person, the latter may continue the business for a period no greater than sixty (60) days following the date of the sale or transfer. The holder of the license, as well as the purchaser thereof, shall report the transaction to the Secretary within thirty (30) days following the same. The license of any business that is sold, transferred, leased, or otherwise alienated, shall be automatically cancelled sixty (60) days after the date of the corresponding transaction. In case of the death of the holder of a license required under this part, the spouse, child, heir, executor or administrator, or other legal representative of the deceased license holder may continue the business of the deceased person during the remaining period for which said deceased person had paid the license fees without having to make an additional payment for said period.
History —Jan. 31, 2011, No. 1, § 5050.16, retroactive to Jan. 1, 2011.