When the plaintiff resides outside of Puerto Rico or is a foreign corporation, a bond shall be required to secure the costs, expenses and attorney’s fees which may be awarded. All proceedings in the action shall be stayed until bond is given, which shall not be less than one thousand (1,000) dollars. The court may require an additional bond upon a showing that the original bond is not sufficient security, and stay the proceedings in the action until such additional bond is given.
After the lapse of ninety (90) days from the service of the order requiring bond or additional bond, without the bond having been given, the court shall dismiss the action.