Ley 363 de 1997 | Ley 363 de 1997 — Colombia law | Esheria

Ley 363 de 1997

This provision is the preamble for Law 363 of 1997, which states that it reforms Law 132 of 1994 on the organic statute of livestock funds.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 363 de 1997
Version
Undated source snapshot
Language
es
Updated
Official source
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accounting control agricultural development agricultural financing agricultural policy agriculture asignación de recursos asset investment beneficios tributarios board appointment board approval board composition board governance board incompatibilities capital reduction capital structure capitalización por inflación compliance timing corporate form corporate ownership corporate purpose credit dividends duración societaria financial control +36 more

Statute overview

About this statute

This provision is the preamble for Law 363 of 1997, which states that it reforms Law 132 of 1994 on the organic statute of livestock funds. Define qué son los Fondos Ganaderos y permite que adopten una forma privada si cumplen las políticas del Ministerio de Agricultura y Desarrollo Rural sobre fomento ganadero. Los Fondos Ganaderos must use at least 70% of their assets for livestock activity and keep at least 50% of their herd in breeding cattle; of that half, at least 30% must be in livestock-sharing contracts with small or medium independent farmers or certain cooperatives/community enterprises. This article is marked as repealed. El capital se integra con aportes públicos y privados; las acciones son negociables, but class A sales and class B sales above 5% must follow special sale procedures.

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