Companies Act 19,550 · Article 76 — Transformation: new unlimited-liability members
Liability of members who become unlimitedly liable after transformation (LGS art. 76)
If transformation causes certain members to assume unlimited liability, that liability does not extend to prior obligations unless they expressly accept it.
What article 76
Section 76 limits the liability of members who become unlimitedly liable as a result of transformation.
Official text · Act 19,550, art. 76
If, by reason of transformation, there are members who assume unlimited liability, such liability shall not extend to corporate obligations predating the transformation unless expressly accepted.
Source: Law 19,550, art. 76 - InfoLEG (updated official text)
Commentary
This is the converse of article 75: a member who becomes unlimitedly liable does not automatically assume debts predating the transformation.
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