Lays Down Rules On Sanitation Of Vices Of Nullity Of Companies And Modifies Code Of Commerce And Other Legal Bodies

Original Language Title: ESTABLECE NORMAS SOBRE SANEAMIENTO DE VICIOS DE NULIDAD DE SOCIEDADES Y MODIFICA CODIGO DE COMERCIO Y OTROS CUERPOS LEGALES

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"Article 1.-the nullity for formal defects, which affect the creation or modification of a society, can be healthy in the way that is stated in this law."
Its provisions are applicable to the commercial partnerships, to limited liability, to the commercial partnerships, to the limited partnership by shares and public limited companies.
Regarded those formal defects which consist in breach of some legal solemnity, such as registration or late publication of the script excerpt, or non-compliance or imperfect compliance mentions that the law commands included in the respective writings as, for example, related to the social reason.
Defects relating to the content of the writings are not considered formal defects, but in the background, if they involve the deprivation of any item essential to the concept of society or a vice of substantial character of general application to contracts.
Without prejudice to other requirements listed below, so saneable will be null and void by formal defects to finf the creation or modification of a society, it is necessary that these acts consist of public writing, or reduced to writing public or protocolized instrument.