P.R. Laws tit. 7, § 116
Any director, official, agent or employee of any bank or foreign bank doing in business in Puerto Rico, who receives any deposit knowing that said bank or foreign bank is insolvent, shall be guilty of a felony and punished by a term of imprisonment of not less than one (1) nor more than five (5) years, or a fine of not less than one thousand dollars ($1,000) nor more than six thousand dollars ($6,000), or both penalties.
Any bank or foreign bank shall be deemed insolvent for the purposes of §§ 1 et seq. of this title, when upon an examination conducted by the Commissioner, it is found that the total amount of the assets of said bank or foreign bank is less than the total amount of its obligations to its creditors.
History —May 12, 1933, No. 55, p. 322, § 20; May 15, 1938, No. 199, p. 387, § 4; Aug. 28, 1997, No. 108, § 21.