P.R. Laws tit. 27, § 1276
Any officer of a public service company or private carrier who shall knowingly dispose or permit the disposal of evidences of indebtedness or other securities, or of the whole or part of the proceeds of the sale or pledge thereof, in violation of any statement or contrary to the purpose in relation thereto or contained in any certificate of notice, shall be guilty of a misdemeanor and sentenced to pay a fine of not less than one hundred dollars ($100) nor more than five thousand dollars ($5,000), or to imprisonment for a term of five (5) years, or both, [at] the discretion of the court. He shall also be guilty of the same offense and subject to the same penalty who shall knowingly make any false statement and thereby procure or seek to procure from the Commission the making or issuing of any certificate herein provided, or make or abet any false statement in any report or account submitted to the Commission, as to the disposition of the whole or part of the proceeds of any sale or pledge of evidences of indebtedness or other securities.
History —June 28, 1962, No. 109, p. 288, § 65, eff. 90 days after June 28, 1962.