Authorizes The Release Of Guarantees Constituted By Natural Persons To Ensure Credits That Indicates

Original Language Title: AUTORIZA LA LIBERACION DE CAUCIONES CONSTITUIDAS POR PERSONAS NATURALES QUE GARANTIZAN CREDITOS QUE INDICA

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.
"Sole article.-the Minister of agriculture shall be allowed to the |! |" National director of the Institute for agricultural development, in |! | later INDAP, for free, send or give guarantees |! | formed by natural persons who meet the qualifications |! | legal to be beneficiaries of INDAP to secure loans |! | that you listed below.
These loans will have to have been granted to organizations |! | integrated by beneficiaries of the same which, at the date of publication |! | This Bill, they found delinquent. In addition, for who can operate |! | This faculty, projects financed with such credits should be |! | have had an economic outcome adverse, not attributable to fraud or |! | because of the referrals guarantors.
In any case, shall be excluded from the benefit of this law |! | those who have acted as guarantors and had |! | responsibilities in the administration of the respective |! | organizations, as long as they are being processed or have the quality |! | of charged, for a cause linked to that matter, before the |! | courts of Justice.
Likewise, in the cases in which it has agreed solidarity with the |! | order to ensure the fulfilment of the obligations formerly |! | held, the Minister shall authorize the National Director of INDAP to |! | give up the solidarity.
In the event that a guarantor of loans referred to in |! | It was to serve the preceding subparagraphs, shall be entitled to |! | impetrar INDAP, the release of the guarantees constituted for |! | safety of those in the same abovementioned conditions |! | previously.
For the purposes of the provisions in the preceding subparagraphs, the |! | Respective regional bureaux shall draw up a report |! | detailed for each case. The report and its history will be |! | submitted to the National Directorate of INDAP. On that basis, the |! | above address provide a roster of persons |! | likely to be beneficiaries, which rise to the Minister's |! | Agriculture, who will issue the corresponding administrative act. |!| This Act shall be subject to the procedure from outlet of reason of the |! | Comptroller General of the Republic.
Those who had been omitted in the reports of the directors |! | Regional referred to in the preceding paragraph, may claim before |! | the Minister of agriculture in the form and how to point the |! | Regulations under this law. "."