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587 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-eight - Public Lands/
  5. Part III - Housing Development and Improvements Administration/
  6. Chapter 55 - Family-type Farm Program (/
  7. 587
Puerto Rico Legal Code

587

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Failure to pay any amount indebted for any legal reason whatsoever under which a farm is owned, except by sale or usufruct, or the noncompliance of any of the conditions or restrictions stated in [this] act or in the contract or the proper regulations, shall cause the resolutions and termination of the right under which the farm is owned and in such case, unless otherwise agreed in the corresponding contract, the holder of any legal right, except by purchase or usufruct, shall leave the farm at the disposal of the Secretary of Agriculture and shall only have the right to receive the value of the buildings, improvements, plantations introduced in the farm, including the value of crops to be determined through the assessment at the time the resolution and the termination of his right, from which amount there shall be deducted any debt it may have with the Commonwealth of Puerto Rico. Notwithstanding, the said owner may take with him his personal properties and farm implements. History —Dec. 7, 1966, No. 5, p. 24, § 1.