BOLIVIA

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BOLIVIAN STRUCTURE

Choose the type of company you are changing board member in

Pursuant to the Bolivian Commercial Code, a Stock Corporation (in Spanish: “Sociedades Anónimas”) must have one of the following organizational structures:

  1. A General Meeting (in Spanish: “Junta de Accionistas”), a Board of Directors (in Spanish: “Directorio”), a Manager (in Spanish: "Gerente General"), and a Comptroller (in Spanish: “Síndico”).
  2. A General Meeting, a Board of Directors, a Manager, a Comptroller and an Executive Committee (in Spanish “Comité Ejecutivo”).
Please see, respectively, “General Meeting”, “Board of Directors”, “Executive Committee” and “Manager” below for a more in-depth description of each structure, including how to change the respective board members. Please note that the “Comptroller” is not described in more detail.

For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Bolivia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Bolivia.

Pursuant to the Bolivian Commercial Code, a Limited Liability Company (in Spanish: “Sociedades de Responsabilidad Limitada”) may have one of the following structures:

  1. A General Meeting (in Spanish: ”Asamblea de Socios”and a Manager only.
  2. A General Meeting and a Board of Directors.

Please see, respectively, “General Meeting”, “Manager” and “Board of Directors” below for a more in-depth description of each structure, including how to change the respective board members.


For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Bolivia on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Bolivia.

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Guevara & Gutiérrez has provided all input about changing board members in Bolivia. G&G is one of the leading law firms in Bolivia for corporate and commercial law. It has offices in the cities of La Paz and Santa Cruz, and is a one-stop firm in Bolivia for all the legal advice required by corporate clients. Its portfolio of clients includes some of the largest and more sophisticated foreign companies doing businesses in Bolivia.

For more information about Guevara & Gutiérrez and changing board members in Bolivia, please contact our Partner directly.

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