All sections · Part II: Company Incorporation · Sub-Part II: Incorporation of companies

20 Estatutos

This section has been amended. The text above is the 2016 wording; the amending provisions follow.

(1) Los estatutos de una sociedad deben contener un reglamento para la sociedad.
(2) Los estatutos de una sociedad deberán ser impresos y firmados por cada uno de los suscriptores, o en su nombre, en presencia de al menos un testigo que dará fe de la firma e insertará su propio nombre y dirección.
(3) A los efectos del apartado (2), el único participante que firma los estatutos de una sociedad puede ser su representante registrado propuesto, que no está obligado a convertirse en miembro de la sociedad en el momento de su constitución.

Translation for information only. Only the English original is legally binding.

Original wording (English, legally binding): Articles of association
(1) A company‘s articles shall set out regulations for the company.
association

(2) The articles of a company shall be printed and signed by or on behalf of
each subscriber in the presence of at least one witness who shall attest the
signature and insert his own name and address.


(3) For the purposes of subsection (2) the sole subscriber who signs the articles
of a company may be its proposed registered agent, who shall not be
required to become a member of the company upon its incorporation.

Amended since 2016

Act 32 of 2021 · 2021-08-02
6. Section 20 of the principal Act is amended, by inserting after
subsection (3), the following subsection —
“(4) Subject to subsection (3), each subscriber to the articles
shall become a member of the company.”.
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