Engaging in Business Transactions or Possessing Pecuniary Interest.
Section 221
SEC. 221. Engaging in Business Transactions or Possessing Pecuniary Interest.—Any local government official and any person or persons dealing with him who violate the prohibitions provided in Section 41 hereof, shall be punished with prision correccional or fine of not less than three thousand pesos (P3,000.00) nor more than ten thousand pesos (P10,000.00), or both such imprisonment and fine, at the discretion of the court.