The commercial registrar cannot reject bylaws that assign dividends to the pledgee during pledge execution
07 Aug 202635 views
Who is affected:
Capital companies, pledgees, commercial registrars and corporate financing advisors
Summary
The DGSJFP resolves an appeal on whether it is valid to include in bylaws that the pledgee receives dividends when pledge execution of shares begins.
Detailed analysis
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The Dirección General de Seguridad Jurídica y Fe Pública analyzes the appeal filed by Aldigavia SAU against the refusal of the Commercial Registrar XIII of Madrid to register a bylaw article that assigned to the pledgee the economic rights of the shareholder during pledge execution. The registrar argued that such assig…
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