Upon previous written approval of the entity which provided its financing and the Government Development Bank for Puerto Rico, a cooperative school may be sold, transferred or assigned to another bona fide cooperative school without affecting the loan security given to the former cooperative school. The loan security shall continue to produce all legal effects as if such sale, transfer or assignment had not taken place.\nHistory —June 7, 1973, No. 111, p. 456, § 12.
Puerto Rico Legal Code