Article 215Prohibited transactions
ELI5— what this means for you
Prohibited transactions.
Official text — Act No. 3815
Prohibited transactions.
-The penalty of prision correccional in its minimum period or a fine ranging from 200 to 1,000 pesos, or both, shall be imposed upon any appointive public officer who, during his incumbency, shall directly or indirectly become interested in any transaction of exchange or speculation within the territory subject to his jurisdiction.
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