P.R. Laws tit. 7, § 215
For the purposes of preventing black market dealings through credit or cash transactions, it is hereby provided that during any emergency period proclaimed by the President of the United States of America, any bank or foreign bank heretofore or hereafter established in Puerto Rico shall operate subject to the rules, regulations, limitations and restrictions prescribed and promulgated by the Secretary of the Treasury of Puerto Rico with the approval of the Governor of Puerto Rico. Any person, partnership, association or corporation, or any director, official or employee thereof violating the provisions of this section, or the rules and regulations promulgated hereunder, shall be guilty of a misdemeanor and shall, upon conviction, be punished by a fine not exceeding five thousand dollars ($5,000), and in the case of a natural person, he may, in addition to said fine, be punished by imprisonment for a term not exceeding five (5) years. Each day such violation subsists shall be considered a separate violation.
History —Mar. 7, 1951, No. 10, p. 22, § 1.