P.R. Laws tit. 28, § 91q
In the discretion of the Corporation, any bond issued under the provisions of this chapter may be secured by a trust agreement executed by and between the Corporation and a corporate trustee which may be any trust company or bank with the powers of a trust company in or outside the Commonwealth. It shall be legal for any bank or trust company incorporated under the laws of the Commonwealth or of any state of the Union which may act as depository of the proceeds of the bonds, income and other money under this chapter, to furnish the bonds or pledge the guarantees that the Corporation may require. In addition to the foregoing, any trust agreement shall contain such provisions as the Corporation may deem reasonable and proper for the security of the bondholders.
History —July 2, 1975, No. 145, p. 433, § 18.