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Sample translations submitted: 1
English to Spanish: Contract General field: Bus/Financial
Source text - English 5. SHARES AND SHARE CERTIFICATES
5.1 Authorized Share Structure
The authorized share structure of the Company consists of shares of the class or classes and series, if any, described in the Notice of Articles of the Company.
5.2 Form of Share Certificate
Each share certificate issued by the Company must comply with, and be signed as required by, the Business Corporations Act.
5.3 Shareholder Entitled to Certificate or Acknowledgment
Each shareholder is entitled, without charge, to (a) one share certificate representing the shares of each class or series of shares registered in the shareholder's name or (b) a non-transferable written acknowledgment of the shareholder's right to obtain such a share certificate, provided that in respect of a share held jointly by several persons, the Company is not bound to issue more than one share certificate or acknowledgment and delivery of a share certificate or acknowledgment to one of several joint shareholders or to a duly authorized agent of one of the joint shareholders will be sufficient delivery to all.
5.4 Delivery by Mail
Any share certificate or non-transferable written acknowledgment of a shareholder's right to obtain a share certificate may be sent to the shareholder by mail at the shareholder's registered address and neither the Company nor any director, officer or agent of the Company is liable for any loss to the shareholder because the share certificate or acknowledgement is Iost in the mail or stolen.
5.5 Replacement of Worn Out or Defaced Certificate or Acknowledgement
If the directors are satisfied that a share certificate or a non-transferable written acknowledgment of the shareholder's right to obtain a share certificate is worn out or defaced, they must, on production to them of the share certificate or acknowledgment, as the case may be, and on such other terms, if any, as they think fit:
(1) order the share certificate or acknowledgment, as the case may be, to be cancelled; and
(2) issue a replacement share certificate or acknowledgment, as the case may be.
5.6 Replacement of Lost, Stolen or Destroyed Certificate or Acknowledgment
If a share certificate or a non-transferable written acknowledgment of a shareholder's right to obtain a share certificate is lost, stolen or destroyed, a replacement share certificate or acknowledgment, as the case may be, must be issued to the person entitled to that share certificate or acknowledgment, as the case may be, if the directors receive:
(1) proof satisfactory to them that the share certificate or acknowledgment is lost, stolen or destroyed; and
(2) any indemnity the directors consider adequate.
5.7 Splitting Share Certificates
If a shareholder surrenders a share certificate to the Company with a written request that the Company issue in the shareholder's name two or more share certificates, each representing a specified number of shares and in the aggregate representing the same number of shares as the share certificate so surrendered, the Company must cancel the surrendered share certificate and issue replacement share certificates in accordance with that request.
5.8 Certificate Fee
There must be paid as a fee to the Company for the issuance of any share certificate under Articles 5.5, 5.6 or 5.7, the amount, if any, determined by the directors, which must not exceed the amount prescribed under the Business Corporations Act.
5.9 Recognition of Trusts
Except as required by law or statute or these Articles, no person will be recognized by the Company as holding any share upon any trust, and the Company is not bound by or compelled in any way to recognize (even when having notice thereof) any equitable, contingent, future or partial interest in any share or fraction of a share or (except as required by law or statute or these Articles or as ordered by a court of competent jurisdiction) any other rights in respect of any share except an absolute right to the entirety thereof in the shareholder.
Translation - Spanish 5. ACCIONES Y CERTIFICADOS DE ACCIONES
5.1 Estructura de Acciones Autorizadas
La estructura de acciones autorizadas de la Compañía consiste en acciones de la clase o clases y series, si procede, descritas en la Notificación de Estatutos de la Compañía.
5.2 Forma de certificado de acciones
Cada certificado de acciones emitido por la Compañía debe cumplir con los requerimientos de la Ley de Sociedades Comerciales y estar firmado.
5.3 Accionista con derecho a certificado o constancia
Cada accionista tiene derecho, sin cargo alguno, (a) a un certificado de acciones que indique las acciones de cada clase o serie de acciones registradas a nombre del accionista o (b) a una constancia escrita no transferible del derecho del accionista a obtener dicho certificado de acciones, quedando entendido que con respecto a una acción de titularidad conjunta por varias personas, la Compañía no está obligada a emitir más de un certificado de acciones o constancia, y la entrega de un certificado de acciones o constancia a uno de los accionistas con titularidad conjunta o a un representante debidamente autorizado de uno de los accionistas con titularidad conjunta será suficiente para todos.
5.4 Entrega por correo postal
Cualquier certificado de acciones o constancia escrita no transferible del derecho de un accionista a obtener un certificado de acciones puede ser enviado al accionista por correo postal a la dirección legal del accionista y ni la Compañía ni ningún director, funcionario o agente de la Compañía es responsable por el extravío ante el accionista debido a que el certificado de acciones o constancia se extravíe en el correo o sea robado.
5.5 Reemplazo de certificado o constancia deteriorados o ilegibles
Si los directores están satisfechos con que el certificado de acciones o la constancia escrita no transferible del derecho del accionista a obtener un certificado de acciones está deteriorado o ilegible deberán, al mostrarse a los directores el certificado de acciones o constancia, según sea el caso, y en los términos, si procede, que consideren pertinentes:
(1) ordenar que el certificado de acciones o constancia, según sea el caso, sea cancelado; y
(2) emitir un certificado de acciones o constancia de reemplazo, según sea el caso.
5.6 Reemplazo de certificado o constancia extraviado, robado o destruido
Si un certificado de acciones o una constancia escrita no transferible del derecho de un accionista a obtener un certificado de acciones se extravía, es robado o destruido, debe emitirse un reemplazo del certificado de acciones o de la constancia, según sea el caso, a la persona con derecho al certificado de acciones o constancia, según sea el caso, si los directores reciben:
(1) pruebas satisfactorias de que el certificado de acciones o constancia está extraviado, ha sido robado o destruido; y
(2) Cualquier indemnización que los directores consideren adecuada.
5.7 Partición de certificados de acciones
Si un accionista entrega un certificado de acciones a la Compañía con la solicitud escrita de que la Compañía emita a nombre del accionista dos o más certificados de acciones, cada uno por un número especificado de acciones y en total representando el mismo número de acciones que aparece en el certificado de acciones que se entrega, la Compañía debe cancelar el certificado de acciones entregado y emitir certificados de acciones de reemplazo de conformidad con dicha solicitud.
5.8 Cargo por emisión de certificados
Se deberá pagar un cargo a la Compañía por la emisión de cualquier certificado de acciones en virtud de los Artículos 5.5, 5.6 o 5.7; el monto, si procede, será determinado por los directores, el cual no deberá exceder la cantidad prescrita en la Ley de Sociedades Comerciales.
5.9 Reconocimiento de fideicomisos
Con excepción de lo estipulado por la ley o la legislación local o estos Estatutos, la Compañía no reconocerá que ninguna persona posee acciones basado en fideicomisos, y la Compañía no está obligada de manera alguna a reconocer (aun cuando haya sido notificada) ningún interés equitativo, contingente, futuro o parcial en ninguna de las acciones o fracción de acciones o (con excepción de lo estipulado por la ley o la legislación local o estos Estatutos o lo ordenado por un tribunal competente) ningún otro derecho con relación a ninguna acción, excepto el derecho absoluto del accionista sobre la totalidad de la misma.
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Translation education
Bachelor's degree - ISPLE Pablo Lafargue, Cuba
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Years of experience: 39. Registered at ProZ.com: Oct 2010.
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