Ley 132 de 1994 | Ley 132 de 1994 — Colombia law | Esheria

Ley 132 de 1994

Preamble identifying Law 132 of 1994, which establishes the organic statute for cattle funds and other agricultural-sector rules; the text also notes that the law was later repealed.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 132 de 1994
Version
Undated source snapshot
Language
es
Updated
Official source
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agricultural policy agriculture asset allocation asset investment asset replacement audit board appointment board composition board incompatibilities capital reduction compliance contract approval contracting compliance corporate compliance corporate form corporate governance credit access dividends financial administration financing fondos ganaderos inflation adjustment livestock livestock contracts +20 more

Statute overview

About this statute

Preamble identifying Law 132 of 1994, which establishes the organic statute for cattle funds and other agricultural-sector rules; the text also notes that the law was later repealed. This article defines “Fondos Ganaderos” and says they may be mixed-economy corporations at national, regional, departmental, or municipal level. Los Fondos Ganaderos deben destinar al menos 70% de sus activos a la actividad pecuaria y mantener al menos 50% de su hato en ganado de cría. Los Fondos Ganaderos se capitalizan con aportes públicos y privados, representados por dos clases de acciones; además, pueden emitir ciertas acciones especiales y hay reglas sobre el precio y la venta de acciones. Las juntas directivas de los Fondos Ganaderos deben tener 7 miembros con suplentes, elegidos en asamblea general de accionistas por 2 años.

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