LEI COMPLEMENTAR Nº 169, DE 2 DE DEZEMBRO DE 2019 | LEI COMPLEMENTAR Nº 169, DE 2 DE DEZEMBRO DE 2019 — Brazil law | Esheria

LEI COMPLEMENTAR Nº 169, DE 2 DE DEZEMBRO DE 2019

This Complementary Law takes effect 180 days after its official publication.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Brazil
Instrument
Act or statute
Citation
LEI COMPLEMENTAR Nº 169, DE 2 DE DEZEMBRO DE 2019
Version
Undated source snapshot
Language
pt
Official source
View official record ↗
compliance timing contracting corporate governance financial system guarantees securitization shareholding small business participation solidary guarantee company

Statute overview

About this statute

This Complementary Law takes effect 180 days after its official publication. O contrato de garantia solidária serve para regular a garantia dada pela sociedade ao sócio participante e pode prever contragarantia do sócio beneficiário. This provision authorizes the creation of a solidary guarantee company (SGS) as a corporation to provide guarantees to its participating members. A sociedade de garantia solidária may grant a guarantee over receivables of participating members when those receivables are securitized. A sociedade de garantia solidária e a sociedade de contragarantia integram o Sistema Financeiro Nacional, e o Conselho Monetário Nacional disciplina sua constituição, organização e funcionamento, conforme esta Lei Complementar.