P.R. Laws tit. 25, § 971f
The Secretary of Justice may institute civil proceedings to cancel the corporate charter of any corporation organized under the laws of the Commonwealth of Puerto Rico, or to cancel or revoke any license, permit or authorization granted to any foreign corporation doing business or charitable work in Puerto Rico when:
(a)
(1) Any official or a corporation or any other person with authority in the management or operation thereof, who, with the knowledge of the president and that of a majority of the members of the Board of Directors of such corporation or under circumstances in which they should have such knowledge, engages in, or is directly or indirectly connected with organized crime;
(2) a director, official, employee, agent or bondholder, acting for, through, or in behalf of the corporation and in the conduct of the enterprise’s affairs engages in organized crime, with the president’s knowledge and that of the majority of the members of the Board of Directors, or under circumstances in which they should have such knowledge, with the intention to compel or induce other persons, firms or corporations to do business with the corporation or to engage in organized crime, and
(b) the public interest requires that the corporate charter be cancelled, and the liquidation of the corporation be decreed, or the license, permit or authorization be cancelled, to prevent future illegal conduct under the provisions of this chapter.
History —July 13, 1978, No. 33, p. 468, § 7; June 19, 1987, No. 36, p. 120, § 4, eff. 180 days after June 19, 1987.