Companies Act 19,550 · Article 351 — The trustee as liquidator in bankruptcy
The trustee in the debtor's bankruptcy (art. 351 LGS)
Article 351 of the General Companies Law appoints the trustee as necessary assisting liquidator in the bankruptcy of the company that issued debentures with a floating or common guarantee.
What article 351
Article 351 sets out the role of the trustee in the bankruptcy of the debtor company.
Official text · Act 19,550, art. 351
If the company that has issued debentures with a floating or common guarantee is declared bankrupt, the trustee shall be the necessary assisting liquidator of that company.
Source: Law 19,550, art. 351 — InfoLEG (updated official text)
Commentary
In bankruptcy the trustee does not disappear: it takes part as assisting liquidator, to safeguard the debenture holders within the insolvency proceedings.
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