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Setting fire to property exclusively owned by the offender.-If the property burned shall be the exclusive property of the offender, he shall be punished by arresto mayor in its maximum period to prision correccional in its minimum period, if the arson shall have been committed for the purpose of defrauding or causing damage to another, or if, though such purpose be lacking, said damage or prejudice shall actually have been caused, or if the thing burned shall have been a building in an inhabited place.
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