P.R. Laws tit. 23, § 1017

2019-02-20 00:00:00+00
§ 1017. Amounts recovered in judgments; special fund

The amounts recovered by the plaintiffs on behalf of consumers and/or merchants unnamed or undetermined in class suits under the laws of the Commonwealth and/or the United States of America shall be deposited in a Trust Fund to be used according to an order issued by the sentencing court, which shall see that said amounts be used in favor or in benefit of the consumers’ or merchants’ class who suffered the damage.

The court shall appoint an administrator for such Fund and shall fix his fees. If the administrator happens to be a government official, he shall receive no compensation whatsoever.

During the year following the filing of copy of the judgment, any member of the class favored by the latter may claim his rights pursuant to the proceedings established by the court.

After one year, the amounts recovered shall be deposited in a Trust Fund created by § 1016(b) of this title and shall be used for the prosecution of actions for protection of the consumers and/or merchants.

The court shall order the administrator to notify the members of the class through the publication of edicts in two (2) newspapers of general circulation and in a fairly visible way, once (1) a week, during the four (4) weeks immediately following the judgment and the four (4) weeks immediately preceding the end of the one (1) year prescribed period settled in this section. The court may provide, in addition to the method herein indicated, any other it deems proper.

History —June 7, 1973, No. 110, p. 455.