P.R. Laws tit. 13, § 505
2019-02-20 00:00:00+00
On payment of the price bid for any personal property sold, the delivery thereof, with a bill of sale, shall vest the title thereof in the purchaser. All excesses over the taxes, penalties and costs realized from such sale shall be returned by the collector or agent to the owner of the property sold, his heirs or assigns as provided in § 504 of this title. The collector or agent shall report to the Secretary of the Treasury or to his delegate the full amount realized of every sale upon attachment, and the disposition of the proceeds thereof. The unsold portion of any such personal property shall be left at the place of sale at the risk of the owner.
History —Political Code, 1902, § 338; June 14, 1957, No. 56, p. 125, § 5.