Lei Who Sets The Rules To Declare The Majority Required For The Approval Of Acts Of Corporations That Dictate Laws, Ordinances, Etc.

Original Language Title: Lei que fija las reglas para declarar la mayoría necesaria para la aprobación de los actos de las corporaciones que dictan leyes, ordenanzas, etc.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
" Article 1.o provided that, in accordance with the provisions of the Constitution or the laws, the third or two-thirds of the number of members of a corporation is required to function, or to resolve, the number of persons, or two-thirds of the number of members of a corporation or that in certain cases the component is composed, does not admit exact division by three or four, respectively, the following rule will be observed: the fraction resulting, after practicing the corresponding arithmetic operation for the to take the third or two thirds, the fourth or three quarters, shall be considered as an integer in the computation, if it is superior to a means, and if it is the same or lower, it shall be disregarded. Thus, the third part of seven will be two to two thirds, five; the fourth part of eleven will be three to three-quarters eight.