Enjoyment bonuses (art. 228 LGS)
They are issued to holders of fully amortized shares and carry participation in profits and, after reimbursement of unamortized shares, in liquidation proceeds.
What article 228
Article 228 governs enjoyment bonuses.
Enjoyment bonuses shall be issued in favor of holders of fully amortized shares. They entitle their holders to participate in profits and, upon dissolution, in liquidation proceeds after reimbursement of the nominal value of unamortized shares. They also carry any rights granted by the charter.
Source: Law 19,550, art. 228 — InfoLEG (updated official text)
Commentary
After full amortization, the holder no longer represents capital but retains statutory and charter economic rights through the bonus.
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