Colombian Commercial Code - Decree 410 of 1971 - Book III - Of Commercial Property - Title III - Securities - Chapter V - Different species of Securities - Section IV - Bonds - From: Section 752 By: Art 756
COLOMBIAN COMMERCIAL CODE
Section IV
Bonds
Article 752 .- Bonds are securities that incorporate an aliquot of a collective credit up
Article 753 .- The title to the bonds consist of one or more
numbered series. In each series of bonds will be of equal value. May be
issued certificates representing various bonuses. Each coupon will
indicate the degree to which it belongs, its number, value and date of
enforcement.
Article 754 .- The titles of the bonds shall contain:
1. The word "bonus" and the date of issue;
2. The name of the company or issuer and home;
3. The subscribed capital, the paid and the company's legal reserves;
4. The serial number, nominal value and premium, if any;
5. The interest rate;
6. The amount of the issue, form, place and time to repay the principal and interest;
7. The guarantees to be granted;
8.
The number, date and notary of writing through of which they are
docketed the indenture, the balance sheet and its annexes and providence
has granted permission, and
9. All other indications in respect of the Superintendent may be essential or desirable.
The
bonds shall be signed by the legal representative of the company or
issuer, or the person authorized for that purpose, either handwritten or
made by any other means, according to the Superintendency, guaranteeing
the authenticity of the document.
Article 755 .- The above rules do not apply to those aspects that are contrary to special provisions governing companies subject to inspection and supervision of the Banking Superintendency.
Art. 756 .- The actions for the recovery of interest and principal of the bonds lapse of four years from the date of issue.
This requirement only run on the bonds drawn, where it has been made to publish the list of favored bonds in a newspaper of national circulation.
Article 755 .- The above rules do not apply to those aspects that are contrary to special provisions governing companies subject to inspection and supervision of the Banking Superintendency.
Art. 756 .- The actions for the recovery of interest and principal of the bonds lapse of four years from the date of issue.
This requirement only run on the bonds drawn, where it has been made to publish the list of favored bonds in a newspaper of national circulation.
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