State Act

Code of Comunidades of 1961

Art. 436 – Share certificates may be reconstructed only on following cases:– 1) In case of destruction, loss or disappearance of the share certificates proved before the administrator, with prior advertisement in the Official Gazette and in a local newspaper inviting, within sixty days, any one who may have interest to take notice of the reconstruction, except when the remains of the destroyed shares certificates are shown to the administrator and thus their identity can be satisfied, in which case no further proof is required; 2) In the cases referred to in paragraph 10 of article 424; 3) When at the back of the certificate there is no sufficient space to make further noting of “belongs to” of transfer and annotation; §1. In any of those cases, the new share certificate shall have the same original number, with the addition of a letter from the alphabet, in due order, and a mention that the certificate has been reconstructed and the charges still in force shall be copied on the back. The original certificate shall be destroyed by the administrator. §2. Whenever a new certificate is issued without the previous one being destroyed, due to refusal to surrender the same or as its disappearance or loss has been proved, the administrator shall announce this fact in the Official Gazette indicating the number of the certificate and that of the share and in whose name it was issued or the last registration of transfer was made. §3. The stamp duty is not payable in case of reconstruction and division of shares.