Companies Act 19,550 · Article 85 — Merger: withdrawal and preferences
Withdrawal and preferences in a merger (LGS art. 85)
Article 85 of the General Companies Law applies to mergers the transformation rules on withdrawal and preferences (arts. 78 and 79).
What article 85
Article 85 refers withdrawal rights and preferences in a merger to the rules governing transformation.
Official text · Act 19,550, art. 85
As regards withdrawal and preferences, articles 78 and 79 shall apply.
Source: Law 19,550, art. 85 — InfoLEG (updated official text)
Commentary
A member dissenting from the merger has a withdrawal right on the same terms as in a transformation (art. 78), and the member’s preferences are preserved (art. 79). This unifies the treatment of minority members in reorganizations.
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