434

Every person who, by misrepresentation, acquires lands in his own name, for the use and benefit of any corporation, in violation of the provisions of § 3 of the Joint Resolution of the Congress of the United States, of May 1, 1900, shall be guilty of a misdemeanor punishable by a fine of not more than five hundred dollars ($500) nor less than one hundred dollars ($100), or by imprisonment in jail for a term of not less than three (3) months nor more than one (1) year. The conviction of such person shall entail the confiscation of the property so acquired or held for the benefit of the Commonwealth of Puerto Rico, upon payment by the latter of a reasonable compensation. History —Aug. 7, 1935, No. 48, p. 536, § 4.