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Companies Act 19,550 · Article 268 — Representation of the company (chairperson)

Representation of the corporation rests with the chairperson (art. 268 LGS)

Article 268 of the General Companies Law places the representation of the company in the chairperson of the board, with the possibility that other directors act as well, under the bylaws.

Source: Act 19,550

What article 268

Article 268 establishes who represents the corporation before third parties.

Official text · Act 19,550, art. 268

Representation of the company rests with the chairperson of the board. The bylaws may authorize one or more directors to act. In both cases, article 58 shall apply.

Source: Law 19,550, art. 268 — InfoLEG (updated official text)

Commentary

This distinguishes managing (the board, a collegiate body) from representing (the chairperson, who binds the company toward third parties). Article 58 applies: it binds the company for acts not manifestly unrelated to its purpose.

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