The capital stock of every corporation shall be deemed personal property and transferable as provided in Chapter 226 of this subtitle. Whenever any transfer of shares shall be made as collateral security, and not in absolute manner, it shall be so stated in the entry of transfer thereof, if when the certificates are presented to the corporation for transfer, or when the transfer of uncertificated shares is requested, both the transferor and transferee so request.\nHistory —Dec. 16, 2009, No. 164, § 5.12.
Puerto Rico Legal Code