Companies Act 19,550 · Article 173 — Subscription not fully covered
Subscription not fully covered (art. 173 LGS)
Article 173 governs failure of a public subscription and return of contributions.
What article 173
Article 173 governs failure of a public subscription and return of contributions.
Official text · Act 19,550, art. 173
If the subscription is not fully covered within the established period, the contracts terminate automatically and the bank shall immediately return to each subscriber the full amount paid, without deduction.
Source: Law 19,550, art. 173 — InfoLEG (updated official text)
Commentary
If the capital is not raised, subscribers receive all amounts back without deductions.
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