Colombian Commercial Code - Decree 410 of 1971 - Book II - Of Corporations - Title VI - Company - Chapter II - Shares in the Company - Section IV - Titles Action - From: Section 399 to: Article 402
COLOMBIAN COMMERCIAL CODE Section IV Stock certificates Article 399 .- In all actions must be issued subscriber by the company the title or titles to justify that capacity. While the company does not have the permission of operation and may issue stock certificates. Within thirty days from the date of the operation permit shall be issued diplomas or certificates for shares subscribed in the constitutive act, the character of interim or final, as appropriate. In other subscriptions the visa is issued within thirty days from the date of the respective contract. When they go into kind contributions, once verified delivery for award of the degree. Article 400 .- While the value of shares is not covered in full, provisional certificates shall be issued only to subscribers. The transfer of the certificates will be subject to the conditions outlined in the statutes, and the amount unpaid, assignors and assignees jointly and severally liable. ...