Admission of heirs (art. 155 LGS)
Article 155 governs admission of a deceased member’s heirs to an SRL.
What article 155
Article 155 governs admission of a deceased member’s heirs to an SRL.
If the agreement provides for admission of heirs, the clause is binding on them and on the members; admission becomes effective once heirship is proved. Transfer restrictions do not apply to assignments by heirs within three months after admission, although the company or members may exercise a purchase option at the same price within fifteen days after notice of the proposed transfer.
Source: Law 19,550, art. 155 — InfoLEG (updated official text)
Commentary
The agreement may secure succession continuity while still giving heirs a facilitated exit route.
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