The provisions of this subchapter shall not apply:
(1) With respect to any money or other valuable consideration whatsoever payable by an employer to any representative who is an employee or an ex-employee of the said employer as remuneration for his services as an employee of the said employer or by reason thereof;
(2) with respect to the payment or delivery of any money or other valuable consideration in satisfaction of a judgment entered by any court, or in satisfaction of a decision, adjudication, or award made by a conciliator, a grievance committee, or an impartial moderator, or in satisfaction of a settlement, adjustment, or compromise made of any claim, complaint, grievance, or dispute in which there is no fraud or compulsion;
(3) with respect to the sale or purchase of any article or product in the regular course of business and at the prevailing market price;
(4) with respect to money deducted from the wages, salaries, remunerations, or incomes of employees for the payment of dues in a labor organization, provided such deduction is required by virtue of the terms of a collective bargaining agreement executed between the employer and a labor organization not established, supported, or aided by any action whatsoever which is defined as unfair labor practice in §§ 61—76 of this title (Puerto Rico Labor Relations Act), if the said labor organization represents the majority of the pertinent employees, as provided by § 66(1) of this title, in an appropriate unit covered by such collective bargaining agreement, and provided the officer or treasurer designated by the labor organization as having custody of the funds thereof has posted the proper bond, nor
(5) with respect to money or other valuable consideration paid into a fund established for the sole and exclusive benefit of the employees of an employer and of the relatives or dependents of said employees, by virtue of the terms of a collective bargaining agreement entered into between an employer and a labor organization, or for the benefit of the said employees, their relatives, or dependents, together with the employees, and the relatives or dependents thereof, of other employers who make like payments.
History —June 23, 1955, No. 99, p. 520, § 4.