Companies Act 19,550 · Article 298 — Application of directors' rules to statutory auditors
Directors' rules applicable to statutory auditors (art. 298 LGS)
Article 298 of the General Companies Law applies to statutory auditors several rules governing directors (arts. 271 to 279), including liability actions.
What article 298
Article 298 refers, for statutory auditors, to the directors' liability regime.
Official text · Act 19,550, art. 298
The provisions of articles 271 to 279 apply to statutory auditors.
Source: Law 19,550, art. 298 — InfoLEG (updated official text)
Commentary
It equates the statutory auditor's liability regime to that of the director: prohibitions on contracting and competing, corporate and individual action, exercise in bankruptcy. Oversight carries the same demands as management.
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