The registrar must register statutory clauses attributing economic rights to the pledgee upon execution of share pledge
07 Aug 202678 views
Who is affected:
Capital companies with financing secured by pledge of social participations
Summary
The DGSJFP resolves a dispute on whether it is valid to include in the bylaws of an SL that the pledgee receives economic rights when executing the pledge of participations.
Detailed analysis
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The Dirección General de Seguridad Jurídica y Fe Pública analyzes the appeal filed by El Arce de Villalba SLU against the refusal of the Registrador Mercantil XIII de Madrid to register a statutory article attributing to the pledgee the rights of partner upon initiation of pledge execution. The registrar argued unjust …
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