State Act

Code of Comunidades of 1961

Art. 401– The face value of each share is of 120 $, and its real value is the sum of the last twenty annual dividends. Sole § The share certificate is a printed form, as per model No. 16, and contains handwritten serial number of the title document, its value, the name of the shareholder and that of the comunidade, the number of shares it represents and the date of issue. It shall be signed by the administrator, the president of the managing committee and by the clerk of the comunidade.