All real property of the Authority and of the proportional-profit farms created under the Land Law of Puerto Rico shall be exempt from levy and sale under execution of judgment. No execution or other judicial proceeding shall issue against such property, nor shall any judgment against the Authority or the said proportional-profit farms constitute a levy; Provided, That the provisions of this section shall not apply to, nor limit the rights of bondholders, mortgagees or crop-loan creditors to foreclose or otherwise enforce any contract or mortgage executed by the Authority or the said proportional-profit farms prior to the effectiveness of this act, or executed hereafter; or the rights of bondholders, mortgagees, or crop-loan creditors to obtain remedies for the enforcement of any mortgage lien, crop loan, pledge, or other encumbrance established by the Authority or the said proportional-profit farms on their properties, rents, rights or revenues. History —Apr. 12, 1941, No. 26, p. 388, § 56; May 11, 1942, No. 197, p. 996, § 13; May 8, 1948, No. 129, p. 294; May 28, 1954, No. 46, p. 260, § 4.
Puerto Rico Legal Code