P.R. Laws tit. 13, § 31720
(a) Upon prior written application of the holder of a license issued under this part for use or exploitation in a particular site or building, the Secretary may approve the authorization for the transfer of said license to another site or building. Except for the provisions of subsection (b), the licenses required by this part may not be transferred from one person to another.
(b) When the holder of a license granted pursuant to the provisions of this Code sells or transfers the same to another person, the latter may continue the business for a term not to exceed one hundred and twenty (120) days after the time of the sale or transfer, term during which he/she shall certify to the Secretary compliance with the requirements established by law and by regulations to hold a license permanently.
(c) For such purpose, the buyer shall be required to inform the transaction to the Secretary within ten (10) days after it takes place, and the Secretary shall issue a temporary permit in his/her name backed by the license in effect, the term of which shall not exceed the remainder of the sixty (60)-day term previously granted.
(d) The license and temporary permit of any business sold or transferred shall be automatically cancelled one hundred and twenty (120) days after the time of the sale or transfer transaction.
(e) In case of the death of the holder of a license required by this part, the spouse, child, heir, executor, executor, or other legal representative of the deceased license holder may continue the decedent’s business during the remaining period for which the deceased had paid the license fees, without having to make additional payments for said period.
History —Jan. 31, 2011, No. 1, § 3050.10, retroactive to Jan. 1, 2011.