Advanced Search

IT AMENDS ARTICLE 4 (A) OF DECREE LAW NO 539 OF 1974 AS REGARDS THE VALUE OF THE ORDINARY DIVIDEND SAVINGS QUOTA

Original Language Title: MODIFICA ARTICULO 4° BIS DEL DECRETO LEY N° 539, DE 1974, EN LO RELATIVO AL VALOR DE LA CUOTA DE AHORRO DE PAGO ORDINARIO DE DIVIDENDOS

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
AMEND ARTICLE 4 ° BIS OF DECREE LAW NO 539 OF 1974 AS REGARDS THE VALUE OF THE ORDINARY DIVIDEND SAVINGS QUOTA Having regard to the fact that the National Congress has given its approval to the following Bill: " Single article.- Introduce the following amendments to Article 4 (a) of Decree Law No 539 of 1974, as added by Decree Law No 1.506, 1976: (a) Intercalase, in the first indent, following the phrase "for sale", the expression: " property of your property. " (b) First, in the first indent, the word "real estate", which appears between the word "de" and the conjunction "and". (c) Replace its third indent, as follows: "Without prejudice to the provisions of the first subparagraph, for the sole effect of the payment to the debts, in the case of ordinary redemptions as extraordinary, the unit called" quota " shall be used. 'ordinary dividend savings', the value of which shall be fixed annually, in the course of the month of December, in accordance with the same percentage of variation experienced by the minimum income or the consumer price index in the 12 months prior to the date on which the fixing is made, and in any event the rate of the (a) to the date on which the values of the savings quota referred to in this Article are to be fixed within the period of calculation of the readjustability indicated. The fixing of corresponding securities shall be effected by means of resolutions of the Ministry of Housing and Urban Planning. ' Transitional Article.-To fix for the first time, in accordance with this law, the value of the ordinary dividend payment of dividends, the value of the ordinary dividend savings quota in force in January shall be based on 1991, and will be adjusted in the same percentage of variation as the consumer price index or the minimum income, between the months of December 1990 and November 1992, both months inclusive, the most important index being applied ". And because I have had to approve and sanction it: therefore, promulgate and take effect as the Law of the Republic. Santiago, January 11, 1993.-PATRICIO AYLWIN AZOCAR, President of the Republic.-Alberto Etchegaray Aubry, Minister of Housing and Urbanism.-Alejandro Foxley Rioseco, Minister of Finance.-What I transcribe to you for your knowledge.-Saluda a Ud.-Joan Mac Donald Maier, Assistant Secretary for Housing and Urbanism.