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3710 — Puerto Rico Law | CourtGPT
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  4. Title Fourteen - Private Corporations (§§ 1 — 4084)/
  5. Subtitle 5 - General Corporations Act (2009)/
  6. Chapter 229/
  7. 3710
Puerto Rico Legal Code

3710

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The trustees or receivers of the dissolved corporation, after paying all charges, expenses and costs, and satisfying, within the scope of their legal priority, all special and general liens weighing on the funds of the corporation, shall pay all other corporate debts pending payment if the funds in custody are sufficient to pay. If the funds are not sufficient, these shall be distributed pro rata among all of the creditors who confirm the credit in the manner ordered or decreed by the court. If after payment of the debts any surplus remains, the trustees or receivers shall distribute it and make the appropriate payments among those justly entitled thereto because they were stockholders of the corporation or the legal representatives thereof.\nHistory —Dec. 16, 2009, No. 164, § 9.10.