No license shall be granted to any individual applicant, or to any applicant society or corporation, if such applicant or any associate or official thereof, or director of applicant corporation or employee thereof, has been guilty in any jurisdiction of the crime of forgery, fraud, misrepresentation, larceny, extortion, embezzlement, theft, robbery, bribe or any other crime implying moral turpitude. Additional cause for denying a petition for license shall also be that the applicant has previously been the object of revocation of any license or permit to operate any kind of business that involves the deposit of public funds. History —June 27, 1968, No. 143, p. 409, § 8.
Puerto Rico Legal Code