47

The term 'security' as used in §§ 46—54 of this title shall mean any direct debenture of the Commonwealth of Puerto Rico, of the municipalities of Puerto Rico, or of the dependencies, entities, public corporations, and political subdivisions of the Government of Puerto Rico entailing payment to the holder thereof of principal, interest or any other benefit. Said term includes bonds, notes, certificates of indebtedness, interim certificates, coupon bonds, and any other instrument of a like nature. History —May 22, 1956, No. 20, p. 48, § 2.