Legal personality of the company in liquidation (art. 101 LGS)
Article 101 of the General Companies Law clarifies that a company in liquidation retains its legal personality for that purpose and remains governed by the rules applicable to its type insofar as they are compatible.
What article 101
Article 101 preserves the company’s legal personality during liquidation.
A company in liquidation retains its legal personality for that purpose and is governed by the rules corresponding to its type insofar as they are compatible.
Source: Law 19,550, art. 101 — InfoLEG (updated official text)
Commentary
Dissolution is not extinction: the company remains a legal subject so that it can liquidate its assets, pay its liabilities and distribute the remaining balance. It disappears only when its registration is cancelled under article 112.
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