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What is Corporation Formation Law Overview about?

This document contains excerpts from Law No. 32 on Corporations of Panama from 1927. It establishes the formalities for the formation of a corporation, including the drafting of a social agreement that must contain information such as the names of the subscribers, the name and purpose of the corporation, the share capital, among others. It also regulates how social agreements can be amended and how the capital of the corporation can be reduced.

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