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1246 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seven - Banking (§§ 1 — 3116)/
  5. Part III - Other Financial Institutions/
  6. Chapter 81 - Investment Capital Fund § 1250a - Designated Entities; Requirements; Obligations and Duties/
  7. 1246
Puerto Rico Legal Code

1246

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(a) The investors in a fund shall answer for the fund’s debts or obligations only up to the total amount invested.\n(b) Passive investors in a designated entity shall answer for the designated entity’s debts or obligations only up to the total amount invested.\n(c) Non-passive investors in a designated entity shall answer for the designated entity’s debts or obligations up to the total amount corresponding to them under the applicable laws.\nHistory —Oct. 6, 1987, No. 3, p. 840, § 6; July 11, 1996, No. 70, § 6.