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156 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Five - Agriculture (§§ 1 — 4706)/
  5. Chapter 7 - Agricultural Loans § 151 - Loans on Products and Agricultural Implements/
  6. 156
Puerto Rico Legal Code

156

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Within twenty (20) days following the maturity of the loan, if this be not paid, the holder of the certificate may solicit from the Court of First Instance the sale at public auction of the goods specified in the said certificate, and for which the said certificate must necessarily be exhibited. At least three (3) days’ public notice of said sale shall be posted at the front door of the Court of First Instance. The sale at public auction shall take place at the Court of First Instance on the fifth day after application has been made therefor, taking as a basis the price stipulated in the certificate the goods going to the highest bidder, to whom they shall be immediately delivered by the marshal upon an order from the judge. History —Mar. 10, 1904, p. 141, § 6.