P.R. Laws tit. 23, § 6351
Notwithstanding the provisions of the Civil Code pertaining to the obligations of partners toward their parties, any partners or stockholders that constitute a partnership or any other juridical person organized under the laws of Puerto Rico or any other jurisdiction that enjoys an exemption grant under the Puerto Rico Tourism Development Act of 2010 or any analogue successor law, shall not be liable with their personal estate beyond their contribution to the licensee juridical entity for any debts or obligations of the entity, in the event that the assets of the juridical entity are not enough to cover them. Provided, That the aforesaid limited liability shall benefit the partners or stockholders in terms of all the activities of the juridical entity, including, but not limited to: (i) claims arising from tourist activities that gave rise to the aforesaid grant; (ii) activities related to the liquidation and termination of such activity; (iii) activities related to the disposal and transfer of the property used in the same; and (iv) activities related to the operation of any casino operating under a franchise granted pursuant to §§ 71 et seq. of Title 15. Provided, further, that the limited liability benefit provided herein shall take effect on the date of filing an application for exemption under this chapter, and the same shall apply to any cause of action that may arise from the facts transpired, before the juridical entity is dissolved.
History —July 10, 2010, No. 74, § 12.