Requirements, drafting and approval of the act of the General meeting of shareholders in the Nicaraguan Anonymous Company

Abstract

The minutes of the general shareholders' meeting acquire probative value for the public limited company in the development of its corporate activity and for its effective compliance by the administrative body. When it is approved in accordance with the statutory requirements, it will have legal effects and will be valid as documentary evidence to demonstrate in court or in the Mercantile Registry the existence of the corporate agreements.