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Companies Act 19,550 · Article 79 — Transformation: members' preferences

Transformation does not affect preferences (LGS art. 79)

Transformation does not affect members' preferences, unless otherwise agreed.

Source: Act 19,550

What article 79

Section 79 preserves members' preferences upon transformation.

Official text · Act 19,550, art. 79

Transformation does not affect members' preferences unless otherwise agreed.

Source: Law 19,550, art. 79 - InfoLEG (updated official text)

Commentary

Preferential rights or privileges agreed for certain members survive the change of legal form unless the parties agree otherwise.

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