Companies Act 19,550 · Article 172 — Subscription contract
Subscription contract (art. 172 LGS)
Article 172 sets the contents of the subscription contract in public formation.
What article 172
Article 172 sets the contents of the subscription contract in public formation.
Official text · Act 19,550, art. 172
The subscription contract shall be prepared in duplicate by the bank and contain the program, which the subscriber declares having read and accepted, the subscriber’s details, the number of shares subscribed and the payment advance made at that time.
Source: Law 19,550, art. 172 — InfoLEG (updated official text)
Commentary
The contract documents each subscriber’s commitment and is standardized through the bank.
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