In the case of a conveyance or encumbrance of: (i) an accommodation already under construction, or (ii) a timeshare or vacation club right with respect to such accommodation, the shares to which § 1262b of this title refers shall be deemed acquired or encumbered, and the part already constructed of the accommodation in question shall be deemed individually acquired or encumbered, as applicable, the acquirer also being subrogated in the rights and to the extent of the conveyer for all legal purposes. History —Dec. 26, 1995, No. 252, § 12-104.
Puerto Rico Legal Code