Bylaw amendments

Extension and reinstatement

The company's term is about to expire, or has already expired, and you want the company to continue operating.

In one line

An extension is resolved and registered before the term expires; reinstatement takes effect after expiration to avoid or reverse dissolution, under article 95.

First steps

Check the current term set out in the bylaws
Determine whether an extension or reinstatement applies
Have the resolution approved by the competent corporate body
File the registration within the time required by art. 95
Consolidate the resulting bylaw text

Extension: acting before expiration

Article 95 of Law 19,550 allows the company's term to be extended, provided the resolution and registration request are made before the agreed term expires. This is the preventive, orderly route.

We recommend monitoring the bylaw term in advance, since letting the deadline lapse narrows the available options and requires resorting to reinstatement instead.

Reinstatement: after expiration

When the term has already expired, article 95 allows reinstatement to reactivate the company and prevent dissolution from progressing into liquidation, subject to the requirements set by the rule depending on when the decision is made.

We assess whether an extension or reinstatement applies, draft the corporate body's resolution, and handle the registration to regularize the company's continuity.

Common mistakes

Letting the term lapse when it could have been extended in time
Confusing extension with reinstatement
Failing to register the resolution, leaving the company in an irregular position
Disregarding the effects of dissolution while delaying the decision

Frequently asked questions

What is the difference between extension and reinstatement?

An extension is resolved before the term expires; reinstatement, afterward, to reverse dissolution (art. 95).

What happens if I let the term lapse?

The company enters dissolution, but art. 95 allows reinstatement subject to the legal requirements depending on the case.

Is registration required?

Yes; both the extension and the reinstatement must be registered to be effective against third parties.

This page is informational and does not replace professional advice on your specific case. It does not imply any promise of results.

Secure your company's continuity

We review your term and handle the extension or reinstatement. Contact us as soon as possible.

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