Avoiding exclusion by replacing the asset (LGS art. 47)
Article 47 of the General Companies Law allows the member responsible for eviction from title to avoid exclusion by replacing the asset with another of the same kind and quality, while remaining liable for damages.
What article 47
Article 47 gives the member an option to replace an asset affected by eviction from title in order to avoid exclusion.
The member responsible for eviction from title may avoid exclusion by replacing the asset, where it can be replaced, with another of the same kind and quality, without prejudice to the obligation to compensate the damages caused.
Source: Law 19,550, art. 47 - InfoLEG (updated official text)
Commentary
Where the asset is fungible or replaceable, the member may preserve the contribution by delivering an equivalent asset and thereby retain membership in the company, although liability for the loss caused by the eviction remains.
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