Declared Of Usefulness Public And Subject To Expropriation Values Sudamericana S.a. Company

Original Language Title: Declárase de utilidad pública y sujeta a expropiación a la Compañía de Valores Sudamericana S.A.

Read the untranslated law here: https://www.boletinoficial.gob.ar/#!DetalleNorma/10227274/20160703

EXPROPRIATION EXPROPRIATION Law 26.761 declared of usefulness public and subject to expropriation values Sudamericana S.A. company Sanctioned: August 22 of 2012 enacted: August 28 of 2012 the Senate and Chamber of deputies of the nation Argentina gathered in Congress, etc. they attest to the force of law: article 1 ° - declared of usefulness public and subject to expropriation values Sudamericana S.A. company The process of expropriation will be governed by the provisions of the law 21.499 and act as expropiante the body designated for that purpose the national executive power.
Article 2 ° - the price of assets subject to expropriation will be determined according the provisions of article 10 and matching of the law 21.499, must the Court of appraisals of the nation make the same pricing.
Article 3 ° - the sum that eventually is payable pursuant to the expropriation process will be paid - up to the amount if it exceeded the pricing-with debt who values Sudamericana S.A. company, registered with the Federal Administration of public income (AFIP), agency acting within the scope of the Ministry of economy and public finances.
Article 4 ° - once completed the process of expropriation, the total assets will be to integrate the heritage of the society of the State Mint.
Article 5 ° - values Sudamericana S.A. company personnel, will be transferred to the society of the State Mint, preserving all acquired labor rights, trade union affiliation with today and the validity of the collective agreement; governed is in their relations of work by the law of contract of work 20.744 (t.o. 1976) and their amendments.
Article 6 ° - to ensure the continuity of the activities carried out the company, maintenance of labor sources and guard their property, to national Executive through the agency designated under the terms of articles 57 and 59 of law 21.499, shall exercise all rights conferred the ownership of such property from the moment of the entry into force of this law.
Article 7 ° - this law is of public order and shall enter into force as from its publication in the Official Gazette https://www.boletinoficial.gob.ar/pdf/linkQR/V1ZqdVQ4QjZscVZycmZ0RFhoUThyQT09.
Article 8 ° - let is know to the national court of first instance in commercial matters no. 8 the content of this action, with certified copy aggregation.
Article 9 ° - contact the national executive power. GIVEN IN THE CHAMBER OF THE CONGRESO ARGENTINO, BUENOS AIRES, TWENTY-TWO DAYS OF THE MONTH OF AUGUST OF THE YEAR TWO THOUSAND TWELVE. -REGISTERED UNDER NO. 26.761 - AMADO BOUDOU. -JULIAN A. DOMINGUEZ. -Gervasio Bozzano. -John H. Estrada.

Date of publication: 29/08/2012 https://www.boletinoficial.gob.ar/pdf/linkQR/V1ZqdVQ4QjZscVZycmZ0RFhoUThyQT09