P.R. Laws tit. 31, § 1261
(1) Except as otherwise provided in § 1261h of this title, the Company shall be the sole and exclusive governmental agency responsible for the implementation and enforcement of the provisions of this chapter. In furtherance thereof, the Company may from time to time promulgate, amend, and rescind any regulations, forms, and orders which it deems necessary or appropriate to carry out the provisions of this chapter, including regulations and forms governing applications and reports and defining any term, whether or not used in this chapter; Provided, That any such definitions are not inconsistent with the provisions of this chapter.
(2) The Company may intervene in any action or suit involving the rights or responsibilities of a developer in connection with any timeshare plan or vacation club with respect to which an application for a timeshare or vacation club permit is pending.
History —Dec. 26, 1995, No. 252, § 11-101.