Companies Act 19,550 · Article 179 — Agenda of the constitutive meeting
Agenda of the constitutive meeting (art. 179 LGS)
Article 179 lists the matters decided by the constitutive meeting.
What article 179
Article 179 lists the matters decided by the constitutive meeting.
Official text · Act 19,550, art. 179
The meeting shall decide whether to form the company and, if so: 1) approve the promoters’ management; 2) the charter; 3) provisional valuation of non-cash contributions, with contributors excluded from voting; 4) appointment of directors and statutory auditors; 5) the period for paying the balance.
Source: Law 19,550, art. 179 — InfoLEG (updated official text)
Commentary
It is the foundational agenda and prevents contributors in kind from voting on their own valuation.
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