(a) No foreign corporation shall, within the limits of the Commonwealth, by any implication or construction, be deemed to possess the power of discounting bills, notes or other evidence of debt, of receiving deposits, of buying and selling bills of exchange, or of issuing bills, notes or other evidences of debt upon loan for circulation as money, anything in its charter or articles of incorporation to the contrary notwithstanding, without having comply with the specific requirements set forth under the laws of the Commonwealth that regulate such industry.\n(b) All certificates issued by the Secretary of State under § 3801 of this title shall expressly set forth the limitations and restrictions contained in this section.\nHistory —Dec. 16, 2009, No. 164, § 13.02.
Puerto Rico Legal Code