GLOSSARY

CORPORATE LAW
SPANISH ENGLISH
Acciones Shares of stock / Shares
Acciones ordinarias / preferidas Common / preferred stock
Accionista Stockholder / Shareholder
Activos de la sociedad Assets
Acto societario Corporate act
Aportes de capital Capital contributions
Asamblea Anual de Accionistas / Asamblea
Ordinaria
Annual Shareholders General Meeting
Asamblea Extraordinaria
Extraordinar Shareholders General Meeting /
or
Special Shareholders Meeting
!alance !alance Sheet
Capital integrado "aid#in capital
Capital social Corporate capital / capital stock/ e$uit
Capital suscripto no integrado %ncalled capital
Carta poder "rox
Cesi&n de acciones 'ransfer of shares / stock
Convocatoria a () *otice of (
+erecho de preferencia "re#emptive rights
+erecho de voto ,oting right
+irectorio !oard of +irectors
+isoluci&n de la sociedad +issolution of partnership / corporation
+ividendos +ividends / profits
Estado de resultados "rofit and -oss ."/-0
Estados financieros 1inancial statements
Estatuto .de una S)A)0 !#la2s
Estatuto .de una sociedad colectiva3 S4- o
en comandita0
"artnership agreement
1acultad de representaci&n Agents authorit
Gerentes designados por acta de +irectorio Officers
5ngresos de la sociedad Corporate income
Minuta de la reuni&n de +irectorio !oard of +irectors Meeting Minutes
Oferta p6blica "ublic offering
"er7odo de li$uidaci&n de activos 8inding#up period
"ersona 9ur7dica -egal entit
"oder general / especial General / Special po2er of attorne
"oseer personer7a 9ur7dica 'o be incorporated
4epresentante / Mandatario Agent
4esponsabilidad contractual Contractual liabilities
4esponsabilidad extracontractual 'ort liabilities
4esponsabilidad solidaria :oint and several liabilit
Secretario del +irectorio Compan secretar / Clerk
Sin personer7a 9ur7dica %nincorporated association
Soc) de capitales nacionales / extran9eros +omestic / 1oreign corporation
Sociedad abierta "ublic corporation
Sociedad cerrada Close corporation / compan
Sociedad colectiva General partnership
Sociedad de responsabilidad limitada -imited liabilit partnership .--"0
Sociedad en comandita simple -imited partnership
Sociedad unipersonal Sole proprietorship
Socio comanditado General partner
Socio comanditario o capitalista -imited partner
'ipo societario -egal form of business
'7tulo accionario Stock certificate
'ributar 'o be taxed
%nanimidad
%nanimit / agreement or statement adopted
unanimousl
+eclaraci&n 9urada Affidavit
Acto societario no contemplado dentro de
las funciones $ue el estatuto prev; para esa
sociedad
%ltra vires act
Sociedad creada con fines caritativos de
benevolencia
Eleemosnar corporation
-ees estatales $ue protegen al p6blico de
la venta de acciones sin valor
!lue#sk la2s
:oint venture :oint enterprise3 co#venture3 or sndicate
United States United Kingdom
Sociedad por acciones Corporation Compan
Certificado de
constituci&n de la
sociedad
Certificate of incorporation / or
Articles of organi<ation / or
Charter
Memorandum of association
Estatuto de una S)A) !#la2s Articles of association
"lease note that =b#la2s> are not identical to =estatutos>) 5n both %S and %?
compan la23 the compans governing charter is composed of t2o parts3 a
memorandum or certificate of incorporation .2ith the name and purpose/ ob9ects of
the compan3 etc)0 and the articles of association or b#la2s) =Estatutos> should
therefore be understood to include both the memorandum of incorporation as 2ell as
the articles of association or b#la2s)