- December 3, 2019
Shareholders and their attorney cannot act jointly at shareholders’ assembly
- by Sebastián Béndiksen
(Superintendence of Corporations, Opinion 220-116049, 10/23/2019)
The Superintendence of Corporations issued an opinion stating that a partner o shareholder cannot act jointly with their attorney at meetings of partners or the shareholders’ assembly. However, this does not mean attorneys cannot be present, but only in their role of advisors and cannot participate or vote in such meetings.