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4264 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Thirty-one - Civil Code (§§ 1 — 5305)/
  5. Subtitle 4 - Obligations and Contracts/
  6. Part VII/
  7. Chapter 313/
  8. 4264
Puerto Rico Legal Code

4264

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The annuitant may also make use of the right mentioned in § 4263 of this title in the other cases in which the value of the estate should be insufficient to cover the principal of the annuity, and twenty-five (25) percent in addition if any of the following circumstances exist:\n(1) If the value of the estate should have decreased by the fault or negligence of the person paying the annuity.\nIn such case the latter shall also be liable for losses and damages.\n(2) When the person paying the annuity has failed to pay the pensions for two (2) consecutive years.\n(3) When the person paying the annuity may have been declared a bankrupt or insolvent.\nHistory —Civil Code, 1930, § 1551.