It shall be unlawful for any person to make or cause to be made, in any document filed with the Commissioner, or in any proceeding established pursuant to the provisions of this chapter, any statement which is, at the time and in light of the circumstances under which it is made, false or deceptive in any material respect. History —June 18, 1963, No. 60, p. 128, § 404; Aug. 11, 1996, No. 114, § 17.
Puerto Rico Legal Code