P.R. Laws tit. 7, § 374
2019-02-20 00:00:00+00
Every trust company, its officers, directors or employees shall be subject to the same penalties provided for banks, their officials, directors and employees in the act entitled the “Banking Law”, §§ 1 et seq. of this title, in its amendments as to:
(a) Usury;
(b) falsely certifying checks;
(c) embezzlement, misappropriation or willful misapplication of funds or credits, or
(d) receiving deposits when insolvent.
History —Apr. 23, 1928, No. 40, p. 234, § 22; June 26, 1980, No. 14, p. 900, § 5.