It Imposes On The State The Obligation That Indicates


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Sole article.-the State, its agencies or societies that have participation, must dispose of rights who acquire or receive any title, in societies whose social object is out of the authorization granted business activities to the State or exceed the terms of such authorization, within the period of one year from receipt. While they are not disposed of, such rights shall not be considered for the election of Directors of the companies, if they were shares of joint-stock companies, or for the appointment of the persons responsible of the Administration and the use of the trade name, if case of rights in other species of societies. If transcurriere within a year unless they enajenasen, those rights may not exercise to attend votes and decisions of administration of societies, even in shareholders meetings. The quorum and legal majorities will be calculated without considering such actions.
However, the State Bank rules laying down the General banking law on this matter shall apply to.