ALTHOX

COLOMBIAN COMMERCIAL CODE TITLE VII THE MIXED ECONOMY COMPANIES Article 461 .- Mixed economy are commercial companies that are financed through state support and private capital. The semi-public companies are subject to the rules of private law and the ordinary courts, unless otherwise provided by law. Article 462 .- In the act of constitution of any mixed company will identify the conditions for participation of the State contains the provision that authorizes its creation, the national, departmental or municipal society and its relationship to the various administrative agencies, for purposes of protection that must be exerted on it. Article 463 .- In societies of mixed economy state contributions may include, among others, financial or tax benefits, guaranteed the obligations of the company or subscription of the bonds it issued, special aid, and so on. The State may also make concessions. Article 464 .- When state contributions are ninety percent (90...