Statutes, codes, and regulations
Laws of Puerto Rico
TITLE THIRTY-ONE Civil CodeSubtitle 4 Obligations and ContractsPART VII. Annuities (Censos) not technically a rent charge, but an annuity charged directly on real estate, and also involving personal liability. (note in compilation of 1911, p. 768.)
Chapter 313. Transferable Annuities (Censos Consignativos)
§ 4264. Other cases in which value of estate is insufficient

P.R. Laws tit. 31, § 4264

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2019-02-20 00:00:00+00
§ 4264. Other cases in which value of estate is insufficient

The annuitant may also make use of the right mentioned in § 4263 of this title in the other cases in which the value of the estate should be insufficient to cover the principal of the annuity, and twenty-five (25) percent in addition if any of the following circumstances exist:

(1) If the value of the estate should have decreased by the fault or negligence of the person paying the annuity.

In such case the latter shall also be liable for losses and damages.

(2) When the person paying the annuity has failed to pay the pensions for two (2) consecutive years.

(3) When the person paying the annuity may have been declared a bankrupt or insolvent.

History —Civil Code, 1930, § 1551.