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4123 — Puerto Rico Law | CourtGPT
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  2. Laws/
  3. Puerto Rico/
  4. Title Ten - Commerce (§§ 1 — 4196)/
  5. Subtitle 3 - Business Regulations Generally/
  6. Chapter 314/
  7. 4123
Puerto Rico Legal Code

4123

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The provisions of this chapter shall not affect the characterization of the transactions through which a seller sells one or more financial assets to a purchaser subject to the obligation of repurchasing the same on a certain date or at the option of the purchaser through a repurchase agreement or through which a purchase buys one or more financial assets subject to the obligation of reselling the same to the seller on a certain date or at the option of the purchaser through a reverse repurchase agreement.\nHistory —Feb. 23, 2007, No. 13, § 4.