P.R. Laws tit. 10, § 691w

2019-02-20 00:00:00+00
§ 691w. Reorganization plans

Any person who solicits or permits the use of his/her name to solicit any proxy, consent, authorization, power of attorney, ratification, deposit, or dissent in respect of any plan of reorganization of any registered investment company shall submit to the Commissioner, within twenty- four (24) hours, a copy of such plan, any agreement, or any proxy, consent, authorization, power of attorney, ratification, deposit, or instrument of dissent in respect thereto, if such documents have not been previously filed with the Commissioner. The Commissioner is hereby authorized, if so requested by the holders of twenty-five percent (25%) of voting securities of the registered investment company, to render an advisory report in respect of the fairness of any such plan and its effect upon any class or classes of security holders.

History —July 30, 2013, No. 93, § 26, eff. 120 days after July 30, 2013.