Limited state oversight of ordinary corporations (art. 300 LGS)
Article 300 of the General Companies Law limits the state oversight of corporations not included in article 299 to the agreement, its amendments and capital variations.
What article 300
Article 300 sets the scope of state oversight of ordinary corporations.
The oversight by the controlling authority of corporations not included in article 299 shall be limited to the instrument of incorporation, its amendments and capital variations, for the purposes of articles 53 and 167.
Source: Law 19,550, art. 300 — InfoLEG (updated official text)
Commentary
Ordinary corporations (outside art. 299) are subject only to 'act-based' state control: incorporation, amendments and capital changes. There is no permanent oversight of their operation, unlike those of art. 299.
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