Regulatory Alerts2022-11-24 | DOF 5672271Added
Official Letter modifying the terms of the authorization to operate as a credit union granted to Credit Union Concreces, S.A. de C.V.
The terms of the authorization to operate as a credit union granted to Credit Union Concreces, S.A. de C.V. are modified to update Point SECOND, section II of the original authorization dated August 7, 1973. The authorized ordinary social capital increases from $270 ' 000,000.00 MXN to $760 ' 000,000.00 MXN, comprising 400,000,000 fixed Series "A" shares, 60,000,000 variable Series "B" shares, and 300,000,000 variable Series "D" shares. The entity may also issue preferred Series "C" shares up to 25% of its paid ordinary social capital, which totaled 210,033,654 shares as of November 30, 2021.
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