Valiente Granda v. Registrar of Property of Caguas

Mr. Agtihg Chief Justice Travieso

delivered the opinion of the court.

On September 27, 1932, the District Court of San Juan decreed the judicial administration and liquidation of the Banco Territorial y Agrícola de Puerto Rico; and on May 10, 1937, it appointed the Banco Popular of Puerto Rico to act as trustee and liquidator of the assets and-liabilities of the bank in liquidation.

On January 7, 1943, the court instructed the liquidator bank to adjudicate and convey to Agustín Valiente’ Granda, appellant herein, certain assets belonging to the bank in liquidation, among which was the mortgage…