(a) Any foreign corporation who violates the provisions of this chapter shall be fined not less than two hundred dollars ($200) for each violation, except for any violations to § 3809 of this title, which shall be addressed as provided in Chapter 235 of this subtitle.\n(b) Any agent of any foreign corporation that shall do any business in the Commonwealth for any foreign corporation before the foreign corporation has complied with any section of this subtitle applicable to it, shall be fined not less than one hundred dollars ($100) nor more than five hundred dollars ($500).\n(c) The Secretary of State may initiate a proceeding pursuant to § 3815 of this title to revoke the certificate of authorization of a foreign corporation authorized to do business in the Commonwealth if:\n(1) The foreign corporation fails to file its annual report pursuant to § 3809 of this title, or\n(2) the foreign corporation lacks a registered agent or office in the Commonwealth for a term of sixty (60) days or more.\nHistory —Dec. 16, 2009, No. 164, § 13.14.
Puerto Rico Legal Code