SECTION 827-4

Proceeds from the subscription of shares issued for cash shall be deposited by the persons that collected them on behalf of the company being formed, either at a notary’s office, or in a duly accredited credit or microfinance institution domiciled in the State party of the headquarters of the company being formed, in a special account opened in the name of this company. The deposit of funds must be made within eight (8) days from the receipt of funds. The depositor shall provide the bank, at the time of the deposit of funds, a list containing the identity of the subscribers and stating, for each of them, the amount of sums paid. The depositary shall, until the withdrawal of funds, provide the list referred to in paragraph 3 above, to any subscriber that, after proving his subscription, so requests. The petitioner may review the notice and obtain, at his expense, a copy thereof.