A secured party that has satisfied § 2214, 2215, 2216, 2217 or 2217a of this title has control with respect to such collateral even if the secured party has agreed not to exercise its rights until a default by the debtor or other unfulfilled condition is met. History —Sept. 19, 1996, No. 241, added as § 9–107.2 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.
Puerto Rico Legal Code