Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
111ff — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 1 - Governmental Finances/
  6. Chapter 8 - Puerto Rico Public Corporation Debt Enforcement and Recovery Act Sub/
  7. Subchapter I - General Provisions § 111 - Short Title and Fiscal Emergency/
  8. 111ff
Puerto Rico Legal Code

111ff

Ask AI about this
(a) GDB shall have, on its own behalf and on behalf of the public sector obligor, at all stages of proceedings including appeals and certiorari proceedings, standing to raise, appear on, be heard on, prosecute, and defend against any and all issues and requests for relief in a consensual debt relief transaction under §§ 112-112f of this title or in a case under §§ 113-113nn of this title. The eligible obligor or the petitioner shall reimburse GDB for all its costs and expenses therefor.(b) All rights of a public sector obligor to take action in seeking and leading its consensual debt relief transaction under §§ 112-112f of this title or in commencing and prosecuting its case under §§ 113-113nn of this title shall extend to GDB on behalf of the public sector obligor, in which instances GDB may act through its own attorneys, or the public sector obligor’s attorneys shall take instructions from GDB. Each action taken by GDB shall be binding on the public sector obligor. History —June 28, 2014, No. 71, § 133.