P.R. Laws tit. 23, § 276
In addition to the other powers conferred herein, the Company is hereby authorized to promote and carry out those activities that shall tend to encourage investments in the manufacture and services sectors and in other enterprises, enable commercial exchange, foster the use in industrial enterprises of capital owned by residents of Puerto Rico, and prevent the evils of large-scale absentee ownership of capital and to that end, but without limitation thereto, it may impose requirements with regard to loans, permit that the owners of private capital to acquire any type and quantity of stock or other securities in the corporations it organizes, and shall acquire any kind and quantity of stock or other securities in corporations engaged in industrial or commercial enterprises initiated with private capital, whether of residents or nonresidents, under such terms, conditions and stipulations which the Company may prescribe; and it may, provided that all other factors being equal, grant preference and priority to residents for the investment of money in stock and in granting loans, and conduct any other transactions it deems proper.
History —May 11, 1942, No. 188, p. 934, § 9; Apr. 5, 1946, No. 285, p. 658, § 6; renumbered as § 6 on May 14, 1952, No. 456, p. 950, § 15; June 20, 1955, No. 80, p. 298; Dec. 29, 1997, No. 203, § 4, eff. Jan. 1, 1998.