LGOAAC definition

LGOAAC. General Law of Auxiliary Credit Organizations and Activities.
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Examples of LGOAAC in a sentence

  • In terms of Article 48 of the General Law of Credit Organizations and Auxiliary Activities (LGOAAC), this Agreement together with the Account Statement certified by the accountant duly authorized by FINPROSPERA, will be enforceable without the need of signature acknowledgement or any other requirement, therefore, in the event of default by the Borrower or in case of early maturity, FINPROSPERA will be entitled to sue in a Mercantile Executive proceeding or the most convenient one for FINPROSPERA.

Related to LGOAAC

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