P.R. Laws tit. 7, § 157
Every bank organized under §§ 1 et seq. of this title, now existing or hereafter organized, shall file in the Department of State annually and not later than April fifteenth, a report sworn to by the president or any other officer, or by any two (2) directors of the corporation, stating:
(1) The name of the bank;
(2) the location, town or city, street and number, if any, of its main office in Puerto Rico;
(3) the object or objects of its business;
(4) the amount of its authorized capital and type of stocks allowed, the amount actually issued and outstanding, and the amount of capital actually paid-in and how so paid; a general statement of all operations conducted and an itemized statement of its assets and liabilities;
(5) the names and mailing addresses of all directors and officers of the bank and the date when the term of office of each expires, and
(6) the date appointed for the next annual meeting of the stockholders for the purpose of electing its directors.
If a bank fails to render a complete report, or refuses or to amend the same when required by the Secretary of State, should the Commissioner determine that the report is incomplete or unsatisfactory, the Commissioner may impose an administrative fine of one thousand dollars ($1,000).
History —May 12, 1933, No. 55, p. 322, § 35; Aug. 28, 1997, No. 108, § 38; Dec. 26, 2006, No. 304, § 1.