1858e

In such cases in which the protected property constituting a homestead is sold in accordance with the provisions of this chapter, the owner shall have a term of nine (9) months, as of the time of the sale, to invest the sale proceeds in another property located in Puerto Rico and for such property to become his/her new homestead. It shall be understood that the sale proceeds shall be protected from creditors during said nine (9)-month term. The financial protection herein provided is exclusively directed toward setting forth rules to protect the homestead right and in no way shall impair the provisions contained in tax laws.In the event that another property of lesser value is subsequently acquired, the difference in value shall not be protected by the provisions of this chapter. History —Sept. 13, 2011, No. 195, § 8.