P.R. Laws tit. 21, § 973c
2019-02-20 00:00:00+00
(a) The Special Communities Business Financing Trust, in its capacity as trustee, shall have the authority to sue and be sued as a trustee and in representation of the Trust created by this chapter.
(b) The Special Communities Business Financing Trust, in its capacity as trustee, shall have the faculties and powers expressly conferred upon the trustees in §§ 2541–2581 of Title 31.
(c) The Trust, whose creation is authorized by this chapter, shall be entitled to receive public and private funds through the [issuance] and sale of any instrument that serves as evidence of participation in the investment, pursuant to the regulations established pursuant to this chapter.
History —Sept. 23, 2004, No. 457, §§ 5–7, eff. July 1, 2005.