Chilean Corporations Act definition

Chilean Corporations Act means Chilean law No. 18.046 or Ley sobre Sociedades Anónimas.
Sample 1Sample 2Sample 3
Chilean Corporations Act means Law No. 18,046 Ley sobre Sociedades Anónimas.
Sample 1Sample 2Sample 3
Chilean Corporations Act means Chilean law No. 18.046 or Ley sobre Sociedades Anónimas. “Company” has the meaning set forth in the preamble.
Sample 1

Examples of Chilean Corporations Act in a sentence

  • Notwithstanding any amendments to the Chilean Corporations Act, the preemptive rights under the legislation in force as of the date hereof shall continue to apply.

  • The Directors Committee (for so long as it is required per Article 50 bis of the Chilean Corporations Act) shall be comprised of three (3) members.

  • The applicable preemptive rights as of the date hereof under the Chilean Corporations Act shall apply to issuances and sales of Equity Securities of the Chilean Bank.

  • The call for a shareholders' meeting shall be made by a conspicuous public notice published at least three times on different days in the newspaper of the Corporation's principal place of business as determined by the shareholders' meeting or, in the absence of such determination or in the event of suspension of circulation or closing of the designated newspaper, published in the Diario Oficial in accordance with the time, form and conditions established by the Chilean Corporations Act.

  • This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any choice or conflict of law provision or rule; provided, that matters relating to the internal corporate law of LATAM Parent shall be governed by the A&R Bylaws and by the Chilean Corporations Act and its regulations contained under Supreme Decree No. 702 of the Ministry of Finance (Ministerio de Hacienda) of the Republic of Chile.

  • Shares which were not subscribed within the deadline by the Shareholders having rights thereto, shares which were products of fractions produced pro rata by the Shareholders and shares corresponding to waived options by the Shareholders having subscription rights, may be offered to third parties by the Board of Directors in the form and conditions established by law and the Article 29 of the Chilean Corporations Act.

  • In no event shall a placement offering to third parties be made on conditions or prices more favorable than the preferred offer to the Shareholders having rights to such shares, considering the Article 29 of the Chilean Corporations Act.

  • The Chilean Corporations Act was enacted in 1981 and has been amended and complemented several times thereafter.

  • The Bank recorded a provision for mandatory dividends calculated as a portion of income for the year in order to comply with dispositions of the Chilean Corporations Act (Ley de Sociedades Anónimas) which requires to distribute at least 30% of income of the year, consistent with the Bank’s internal policy.

  • Overdue dividends will accrue interest at established rates over the same period.Dividends and other cash benefits unclaimed by shareholders after five years from the date on which they became due will become the property of the Chilean Fire Department.In the event of liquidation, the Chilean Corporations Act provides that corporations may carry out distributions to shareholders on account of a reimbursement of capital only after the payment of corporate indebtedness.


More Definitions of Chilean Corporations Act

Chilean Corporations Act means Law No. 18,046 Ley sobre Sociedades Anónimas. “Colombian Bank” means CorpBanca Colombia.
Sample 1

Related to Chilean Corporations Act

  • Business Corporations Act means the Business Corporations Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • Corporations Act means the Corporations Act 2001 (Cth).

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

  • CBCA means the Canada Business Corporations Act;

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Ontario Health means the corporation without share capital under the name Ontario Health as continued under the CCA;

  • Indian means a person who is a member of an Indian Tribe. If the Contractor has reason to doubt that a person seeking employment preference is an Indian, the contractor shall grant the preference but shall require the individual within thirty (30) days to provide evidence from the Tribe concerned that the person is a member of that Tribe.