Agreed grounds for partial termination or dissolution (LGS art. 89)
Article 89 of the General Companies Law allows the members to provide in the instrument for grounds for partial termination and dissolution other than those established by law.
What article 89
Article 89 permits contractual grounds for partial termination and dissolution.
The members may provide in the constitutive instrument for grounds for partial termination and dissolution not provided for in this Law.
Source: Law 19,550, art. 89 — InfoLEG (updated official text)
Commentary
It gives members autonomy to design their own 'exit' mechanisms: for example, partial termination upon specified personal events, or dissolution grounds linked to the project. It is a valuable tool in shareholders’ agreements and family companies.
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