P.R. Laws tit. 23, § 3067
(a) Subject to any binding contractual limitations upon the holders of any issue of bonds, or the trustees thereof, including but not limited to the restriction of a specific proportion or percentage of such holders, to exercise any remedy any bondholder or trustee thereof, shall have the right and power, for equal benefit and the protection of all bondholders in similar situations:
(1) To enforce his/her rights against the Authority and its officials, agents and employees, through mandamus or other suit, action or proceeding in law or in equity, so that they perform and carry out their duties and obligations under this chapter, as well as their covenants and agreements with the bondholders;
(2) to require the Authority, through action or suit in equity, to respond as trustee of any express trust;
(3) to prohibit any acts or things that may be unlawful or in violation of the rights of the bondholders, through action or suit in equity;
(4) to bring suit upon the bonds.
(b) No remedy conferred by this chapter upon any bondholder, or any trustee thereof, is intended to exclude any other remedy, but each such remedy is cumulative and additional to every other remedy, and may be exercised without exhausting and without regard to any other remedy conferred by this chapter or by any other law. No waiver of any default or breach of duty or contract, whether by any bondholder or any trustee thereof, shall extend to or shall affect any subsequent default or subsequent breach of duty or contract, or shall impair any rights or remedies thereon. No delay or omission of any bondholder or any trustee thereof to exercise any right or power due to any default shall impair any such right or power or shall be construed to be waiver of any such default or acquiescence therein. Every substantive right and every remedy conferred upon bondholders may be enforced or exercised from time to time and as often as it may be deemed expedient. In case any suit, action or proceeding to enforce any right or exercise any remedy were brought or filed and then discontinued or abandoned, or were determined adversely to the bondholder or any trustee thereof, then and in every such case, the Authority and said holder, or his trustee, shall be restored to their former positions, rights and remedies as if no such suit, action or proceeding had been brought or filed.
History —June 10, 1974, No. 62, Part 1, p. 239, § 17, renumbered as § 12 and amended on Sept. 27, 1994, No. 112 §§ 9, 11.