Companies Act 19,550 · Article 312 — Loss of the state participation regime
When the state regime ceases to apply (art. 312 LGS)
Article 312 of the General Companies Law provides that the rules of the corporation with state participation cease to apply when the conditions of article 308 are altered.
What article 312
Article 312 governs the loss of the majority state participation regime.
Official text · Act 19,550, art. 312
The modifications to the corporation regime established by this Section shall cease to apply when the conditions set out in article 308 are altered.
Source: Law 19,550, art. 312 — InfoLEG (updated official text)
Commentary
If the State loses the majority (dropping below 51%), the company returns to the ordinary corporation regime. The special regime follows the situation of state control: without it, it disappears.
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