(a) Except as otherwise provided in this section, to the extent that a transfer is avoided pursuant to § 111dd of this title, an eligible obligor or petitioner may recover the property transferred, or, if the Court so orders, the value of such property, from:(1) The initial transferee of such transfer or the entity for whose benefit such transfer was made; or(2) any immediate or mediate transferee of such initial transferee.(b) An eligible obligor or petitioner may not recover pursuant to subsection (a)(2) of this section from:(1) A transferee that takes for value, including satisfaction or securing of a present or antecedent debt, in good faith, and without knowledge of the voidability of the transfer avoided; or(2) any immediate or mediate good faith transferee of such transferee.(c) A good faith transferee from whom an eligible obligor or petitioner may recover pursuant to subsection (a) of this section has a lien on the property recovered to secure the lesser of:(1) The cost, to such transferee, of any improvement made after the transfer, less the amount of any profit realized by or accruing to such transferee from such property; and(2) any increase in the value of such , to such transferee, of any improvement made after the transfer, less the amount of any profit realized by or accruing to such transferee from such property; and(2) any increase in the value of such property as a result of such improvement of the property transferred.(d) The eligible obligor or petitioner is entitled to only a single satisfaction pursuant to subsection (a) of this section.(e) In this section, the term 'improvement' includes:(1) Physical additions or changes to the property transferred;(2) repairs to such property;(3) payment of any tax on such property;(4) payment of any debt secured by a lien on such property that is superior or equal to the rights of the eligible obligor or petitioner; and(5) preservation of such property. History —June 28, 2014, No. 71, § 132.
Puerto Rico Legal Code