Judicial intervention: availability (art. 113 LGS)
Where acts or omissions by administrators place the company in serious danger, a member may seek judicial intervention subject to the statutory requirements.
What article 113
Article 113 governs judicial intervention as a precautionary measure where management places the company in serious danger.
Where one or more administrators of the company perform acts or incur omissions that place it in serious danger, judicial intervention shall be available as a precautionary measure, subject to the requirements established in this Section.
Source: Law 19,550, art. 113 — InfoLEG (updated official text)
Commentary
Judicial intervention is one of the strongest corporate protective remedies. It requires serious danger caused by management and is precautionary in nature, so it must be applied restrictively together with article 114.
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