Title 48 — Territories and Insular PossessionsRelease 119-73not60
§2195 Protection From Inter-debtor Transfers
Title 48 › Chapter 20— PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY › Subchapter IV— MISCELLANEOUS PROVISIONS › § 2195
Summary
While Puerto Rico's Oversight Board exists, anyone who gets property wrongly taken from a Puerto Rico agency that creditors had a claim on must pay the property's value. A creditor may sue in U.S. District Court for Puerto Rico after the section 2194 stay ends or is lifted, unless a subchapter III stay applies.
Full Legal Text
Title 48, §2195
Territories and Insular Possessions — Source: USLM XML via OLRC
(a)While an Oversight Board for Puerto Rico is in existence, if any property of any territorial instrumentality of Puerto Rico is transferred in violation of applicable law under which any creditor has a valid pledge of, security interest in, or lien on such property, or which deprives any such territorial instrumentality of property in violation of applicable law assuring the transfer of such property to such territorial instrumentality for the benefit of its creditors, then the transferee shall be liable for the value of such property.
(b)A creditor may enforce rights under this section by bringing an action in the United States District Court for the District of Puerto Rico after the expiration or lifting of the stay of section 2194 of this title, unless a stay under subchapter III is in effect.
Reference
Citations & Metadata
Citation
48 U.S.C. § 2195
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60