Colombian Commercial Code - Decree 410 of 1971 - Book II - Of Corporations - Title VI - Company - Chapter I - Constitution of the Company - From Article 373 to Article 376
COLOMBIAN COMMERCIAL CODE TITLE VI COMPANY ANONYMOUS CHAPTER I Constitution of the corporation Article 373 .- The corporation is formed by the meeting of a social fund provided by shareholders liable up to the amount of their contributions, will be managed by temporary and revocable and managers have a name followed by the words "Sociedad Anonima" or the letters " SA " If society is formed, part or announced without such specification, administrators jointly and severally liable for the operations, social to be held. Article 374 .- The corporation shall not constitute or operate with less than five shareholders. Article 375 .- The capital of the corporation is divided into shares of equal value to be represented in securities. Article 376 .- The constitution of the company shall subscribe not less than fifty percent of authorized capital and paid no less than a third of the value of each share of capital sub...