Companies Law

1. Decisions of partners shall be issued at the general assembly. However, such decisions may be issued by circulation; in such case, the company’s manager shall send the proposed decisions along with the relevant documents to each partner to vote thereon in writing. 2. Unless the company’s articles of incorporation provide for other means of notification, the proposed decisions and the relevant documents may be sent using any of the following means: a) Registered mail. b) Personal delivery to the partners or their legal representatives. c) E-mail or other means of technology. 3. In all cases, decisions shall be deemed valid only if approved by a partner, or more, representing at least more than half of the capital, unless the company’s articles of incorporation provide for a greater majority. 4. If the majority stipulated in paragraph (3) of this Article is not achieved in the first deliberation or consultation, the partners shall be called for a meeting. Companies Law In such case, decisions shall be issued by the approval of the majority interests represented in the meeting regardless of the percentage said interests represent in the capital, unless the company’s articles of incorporation stipulate otherwise. 5. The company’s articles of incorporation may provide for any other means to call for meetings or communicate decisions.