The Board shall designate one (1) or more banks to serve as custodians of the money, stocks, and assets of the Permanent Fund.\nThe custodian banks shall be:\n(1) Incorporated under the laws of the United States or the Commonwealth of Puerto Rico.\n(2) Shall be subject to the supervision and scrutiny of banking authorities, or federal or Commonwealth deposit institutions.\nHistory —June 12, 1992, No. 12, § 19.
Puerto Rico Legal Code