P.R. Laws tit. 31, § 1262a-1
2019-02-20 00:00:00+00
Once recorded in the Registry of Property, a subordination agreement shall be effective against the subordinating lienholder’s successors and assigns and any other person who acquires the accommodation, facility, timeshare or vacation club right subject to the lienholder’s rights through foreclosure, by deed in lieu of foreclosure or by any other legal means, irrespective of whether the rights of the owner with respect to the accommodation, facility, timeshare or vacation club right is of the type coupled with a special property right or not.
History —Dec. 26, 1995, No. 252, added as § 12-102A on July 5, 1996, No. 66, § 32.