P.R. Laws tit. 10, § 1431
2019-02-20 00:00:00+00
If within the period agreed upon any member does not contribute to the common funds the amount of capital he has obligated himself to contribute, the association may choose between proceeding to obtain an execution against his property to recover the portion of capital not contributed, or to rescind the contract with regard to the member in default, retaining the amounts which have been paid into the common capital.
History —Commerce Code, 1932, § 133.