Companies Act 19,550 · Article 48 — Eviction of a contributed usufruct
Eviction where a usufruct was contributed (LGS art. 48)
Article 48 of the General Companies Law applies the eviction rules of article 46 when the contribution consisted of the usufruct of an asset.
What article 48
Article 48 extends the rules on eviction from title to a contribution consisting of a usufruct.
Official text · Act 19,550, art. 48
If the member's contribution consists of the usufruct of an asset, article 46 shall apply in the event of eviction.
Source: Law 19,550, art. 48 - InfoLEG (updated official text)
Commentary
Where the contributed right is a usufruct and that right is lost through eviction, the same consequences as for a contribution in ownership apply: exclusion of the member or payment of the value plus damages.
This page is informational and does not constitute legal advice nor replace professional consultation. It quotes the official text of the rule; for its application to a specific case, consult a licensed professional.
Do you need advice on this matter?
The firm is headquartered in Buenos Aires, Argentina, and advises clients worldwide.
Contact the firm