Companies Act 19,550 · Article 190 — Prior subscription of earlier issues
Prior subscription of earlier issues (art. 190 LGS)
Article 190 conditions new share issues on prior subscription of earlier issues.
What article 190
Article 190 conditions new share issues on prior subscription of earlier issues.
Official text · Act 19,550, art. 190
New shares may be issued only when the previous shares have been subscribed.
Source: Law 19,550, art. 190 — InfoLEG (updated official text)
Commentary
It prevents successive issues before earlier ones are subscribed and protects the reality of stated capital.
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