Companies Act 19,550 · Article 344 — The trustee as representative
Powers of the trustee as representative (art. 344 LGS)
Article 344 of the General Companies Law recognizes the trustee, as legal representative of the debenture holders, the powers and duties of general agents.
What article 344
Article 344 sets out the powers of the trustee as representative of the debenture holders.
Official text · Act 19,550, art. 344
The trustee, as legal representative of the debenture holders, has all the powers and duties of general agents and of the special ones determined by law.
Source: Law 19.550, art. 344 — InfoLEG (updated official text)
Commentary
The trustee acts on behalf of the body of debenture holders: it represents them collectively before the company and third parties, with broad powers to defend their interests.
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