Companies Act 19,550 · Article 177 — Voting at the constitutive meeting
Voting at the constitutive meeting (art. 177 LGS)
Article 177 governs voting and majorities at the constitutive meeting.
What article 177
Article 177 governs voting and majorities at the constitutive meeting.
Official text · Act 19,550, art. 177
Each subscriber has as many votes as shares subscribed and paid to the required extent. Decisions are adopted by a majority of subscribers present representing not less than one third of subscribed voting capital, and no different rule may be stipulated.
Source: Law 19,550, art. 177 — InfoLEG (updated official text)
Commentary
Voting follows subscribed shares, with a mandatory floor of one third of the voting capital.
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