Form of debenture certificates (art. 335 LGS)
Article 335 of the General Companies Law governs the form of debenture certificates: equal value, bearer or registered, with recording of transfers.
What article 335
Article 335 establishes the form and transfer of debenture certificates.
Debenture certificates must be of equal value and may represent more than one obligation. They may be to bearer or registered; in the latter case, endorsable or not. The transfer of registered certificates and of the rights in rem that encumber them must be notified to the company in writing and recorded in a registry book that the company shall keep for that purpose.
Source: Law 19.550, art. 335 — InfoLEG (updated official text)
Commentary
Debentures circulate as securities; registered ones are transferred with notification and recording, in a manner analogous to shares (art. 215).
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