Possession of prohibited interest by a public officer.
Article 216
ART. 216. Possession of prohibited interest by a public officer.—The penalty of arresto mayor in its medium period to prision correccional in its minimum period, or a fine ranging from 200 to 1,000 pesos, or both, shall be Imposed upon a public officer who, directly or indirectly, sjhatl become interested in any contract or business in which it is his official duty to intervene. This provision is applicable to experts, arbitrators and private accountants who, in like manner, shall take part in any contract or transaction connected with the estate or property in the appraisal, distribution or adjudication of which they shall have acted, and to the guardians and executors with respect to the property belonging to their wards or estate.