1. Upon reducing its capital by any method according to the provisions of this Decree Law, the company shall adhere to the following: a. The controls, conditions and procedures to be issued under a resolution of the SCA. b. Publish the capital reduction resolution in accordance with the controls and procedures determined by the SCA, so that the announcement includes the amount of capital before and after the reduction, the value of each share and effective date of the reduction. The creditors shall provide the company with the documents that support their debts within thirty [30] days of the publication date of the announcement of the capital reduction resolution. 2. If the capital is reduced through refunding part of the nominal value of the shares to the shareholders or relieving them of the unpaid amount of the value of the shares or any part thereof, such reduction may only be invoked vis-à-vis the creditors who submitted their claims on the date described in Clause [1/B] of this Article if such creditors have picked up their due debts or obtained the securities necessary for the repayment of the debts not yet due.
Interpretation and application must be checked against the official text and current version.
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