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119 — Puerto Rico Law | CourtGPT
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  7. 119
Puerto Rico Legal Code

119

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Any official, director, employee or agent of a bank or foreign bank who stipulates, receives, acquiesces or agrees to receive any fee, commission, gift or thing of value, from any person, firm or corporation, for obtaining or trying to obtain for said person, firm or corporation, or for any other person, firm or corporation, any loan, or the purchase or discount of any document, promissory note, draft, check or bill of exchange, by said bank or foreign bank, shall be deemed to be guilty of a felony and, upon conviction thereof, shall be punished by imprisonment for not more than one (1) year, or a fine of not more than ten thousand dollars ($10,000), or both penalties. History —May 12, 1933, No. 55, p. 322, added as § 36b on May 15, 1950, No. 430, p. 1056, § 14; Aug. 28, 1997, No. 108, § 41.