P.R. Laws tit. 23, § 11170
(a) Any holder of bonds or any trustee therefor, subject to any mandatory contractual obligations of holders of bonds or trustees therefor, including, but not limited to, the restriction of the exercise of any remedy to a specified proportion or percentage of such holders, shall have the right for the equal benefit or protection of every holder of bonds similarly situated, may be entitled and empowered:
(1) By mandamus or any other suit, action or proceeding at law or in equity, to enforce any and all rights against the Authority and its officers, agents, and employees, to compel any of the latter to perform and carryout duties and obligations under this chapter, and to honor its agreements and covenants with bondholders;
(2) By action or suit in equity, to require the Authority to account as if it were the trustee of an express trust;
(3) By action or suit in equity, enjoin any acts or things that may be unlawful or in violation of rights of bondholders; and
(4) Bring action upon the bonds.
(b) No remedy conferred by this chapter to any holder of bonds or trustee therefor, is intended to be exclusive of any other remedy, but each remedy is cumulative and in addition to every other remedy and may be exercised without exhausting and without regard to any other remedy conferred by this chapter or any other law. A waiver of any default or breach of duty or contract by any bondholder or his trustee shall not apply to or affect any subsequent default or breach of duty or contract, nor impair any rights or remedies in connection therewith. The delay or omission of any bondholder or his/her trustee to exercise any right or power with regard to a breach shall not impair the right or power and is not a waiver of the default or acquiescence in it. Any substantive right and remedy conferred upon bondholders may be enforced or exercised from time to time and as often as it is deemed expedient. If any suit, action, or proceeding to enforce any right or exercise any remedy is abandoned or determined adversely to the bondholder or his/her trustee, then in each of these cases, the Authority and such bondholder or trustee shall be restored to their former positions, rights, and remedies as if such suit, action, or proceeding had not been brought.
History —Aug. 3, 2014, No. 123, § 11.