Replaces Article 26 Of Law N ° 6.640 And Amends Act No. 18.846

Original Language Title: REEMPLAZA ARTICULO 26 DE LA LEY N° 6.640 Y MODIFICA LA LEY N° 18.846

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"(Artículo 1°.-Reempláza_se el artículo 26 de la Ley N° 6.640, cuyo texto fue fijado por la letra b) of article 32 of the law N ° 18.899, by the following: ' article 26.-the Council of the Corporation, by founded agreement adopted by the four-fifths majority of its members, without prejudice to its general powers, may provide the alienation of their credits to banks and financial institutions through public bid and the price may be less than the nominal value" " of these, starting from a minimum value to be determined for that purpose.
The Corporation shall notify the debtor by registered letter to the address registered in the institution, your credit has been included in the list of portfolio to tender, 30 days in advance, at least, the date of opening of tenders.
Within the period of 10 working days counted from the date of the opening of the bids, the Corporation shall, by registered letter, giving the debtor the right to prepay its debt in an amount equal to the greater of the tenders received in the appropriate tender. The option must be exercised by the debtor within the period of 15 days from the issuance of this letter by post office and should involve payment of an additional amount not exceeding 3% of the established amount, percentage which will be fixed on the basis of the tender and that lease for the benefit of the Bank or financial institution who has made the best offer in the event that it is not awarded to sum up the credit awarded, or of the Corporation, if it is not made the prepaid within 30 days from the date of the option.
If the debtor not pursues the option or not made the prepayment within the respective pazos, the Corporation must award credit tendered to the highest bid. "."