Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
253a — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part I - Banks/
  6. Chapter 17a - Regulation of Deposits of Public Funds Sub/
  7. Subchapter III - Interests on Deposits § 253 - Interest—type; Agreement/
  8. 253a
Puerto Rico Legal Code

253a

Ask AI about this
Every financial institution designated as depositary of public funds shall be bound to accrue interest on all deposits, pursuant to what is provided in § 253 of this title and the terms of the contract signed by the Secretary to such purposes. History —Aug. 14, 1991, No. 69, § 3.2.