2

For a bank to engage in the banking business in Puerto Rico, it must first comply with the requirements of §§ 1 et seq. of this title and engaging in such a business without having complied with them shall be penalized as provided hereinafter. History —May 12, 1933, No. 55, p. 322, § 2; Aug. 28, 1997, No. 108, § 2.