Amendment To The General Business Corporation Law: New Statutory Presumption Of Dissolution And Simplified Proceeding Of Dissolution And Liquidation - Corporate/Commercial Law - Mexico Law Articles in English - Mondaq Business Briefing - Books and Journals - VLEX 702268185

Amendment To The General Business Corporation Law: New Statutory Presumption Of Dissolution And Simplified Proceeding Of Dissolution And Liquidation

Author:Mr Daniel Del Rio, Juan José López de Silanes Molina, Carlos Velázquez De León, Luis Emilio Lujan Sauri, Amilcar Garcia and Jesús Colunga
Profession:Basham, Ringe y Correa, S.C.
 
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An amendment to various Articles of the General Business Corporation Law was published in the Federal Official Gazette on January 24, 2018, which contemplates the following changes:

Included is a new statutory presumption of business companies' being dissolved by a judicial or administrative ruling issued by a competent court, the cause of which shall be registered with the Public Commercial Registry. Moreover, further changes were approved allowing partners or shareholders of a company and/or third parties, with an interest in the company, to exercise certain rights, as the case may be; provided that the cause of dissolution is determined through means of a judicial or administrative ruling. In general, the fees to be paid relate to the registration of the cause of dissolution with the Public Registry of Commerce, opposing the registration itself, or requesting the appointment of, or revocation of the appointment of the company liquidators.

Companies whose partners or shareholders are individuals, among other requirements...

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