Companies Act 19,550 · Article 178 — Promoters and bank as subscribers
Promoters and bank as subscribers (art. 178 LGS)
Article 178 permits promoters and the bank to participate as subscribers or representatives.
What article 178
Article 178 permits promoters and the bank to participate as subscribers or representatives.
Official text · Act 19,550, art. 178
Promoters may be subscribers. The intervening bank may represent subscribers.
Source: Law 19,550, art. 178 — InfoLEG (updated official text)
Commentary
Promoting the company is compatible with investing in it, and the bank may also represent subscribers.
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