The debenture holders' meeting (art. 354 LGS)
Article 354 of the General Companies Law governs the debenture holders' meeting, chaired by a trustee and ruled by the provisions on the ordinary meeting of the corporation (S.A.).
What article 354
Article 354 sets out the operation and powers of the debenture holders' meeting.
The debenture holders' meeting is chaired by a trustee and shall be governed, as to its constitution, operation and majority, by the provisions on the ordinary meeting of the corporation. It falls to the meeting to remove, accept resignations from and appoint trustees, and to decide the other matters within its competence.
Source: Law 19,550, art. 354 — InfoLEG (updated official text)
Commentary
It is the collective body of the debenture holders: it decides on their representative and on the matters of the loan, under the rules of the ordinary meeting of the corporation (S.A.).
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