Glossary entry (derived from question below)
Spanish term or phrase:
prestación accionaria
English translation:
equity contribution, shareholder rights/privileges
Added to glossary by
Joshua Parker
Oct 11, 2019 19:44
4 yrs ago
1 viewer *
Spanish term
prestación accionaria
Spanish to English
Law/Patents
Law: Contract(s)
acta constitutiva/México
Any thoughts on "prestación accionaria" (which returns no results in Google) here?
Acta constitutiva de una sociedad anónima de capital variable (de la industria farmacéutica) del Estado de México, en México.
ARTÍCULO TERCERO. La sociedad tendrá por objeto:
...
h) Otorgar préstamos a las sociedades mercantiles o civiles en las que tenga interés o participación accionaria.
i) Girar títulos de crédito, endosarlos, avalarlos o garantizar en cualquier forma el cumplimiento de las obligaciones a cargo de las sociedades en las que tenga participación pudiendo ejercitar la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos.
j) Comprar, vender, tomar, y dar en arrendamiento puro o financiero y adquirir o enajenar por cualquier título los muebles ó (sic.) inmuebles, así como los derechos reales ó (sic.) de crédito necesarios para la realización de su objeto social.
("órganos de administrar" refers to what is more commonly known as "órganos de administración", I assume.)
Perhaps "prestación accionaria" should be "participación accionaria"...
Acta constitutiva de una sociedad anónima de capital variable (de la industria farmacéutica) del Estado de México, en México.
ARTÍCULO TERCERO. La sociedad tendrá por objeto:
...
h) Otorgar préstamos a las sociedades mercantiles o civiles en las que tenga interés o participación accionaria.
i) Girar títulos de crédito, endosarlos, avalarlos o garantizar en cualquier forma el cumplimiento de las obligaciones a cargo de las sociedades en las que tenga participación pudiendo ejercitar la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos.
j) Comprar, vender, tomar, y dar en arrendamiento puro o financiero y adquirir o enajenar por cualquier título los muebles ó (sic.) inmuebles, así como los derechos reales ó (sic.) de crédito necesarios para la realización de su objeto social.
("órganos de administrar" refers to what is more commonly known as "órganos de administración", I assume.)
Perhaps "prestación accionaria" should be "participación accionaria"...
Proposed translations
(English)
| 2 | equity contribution |
Adrian MM.
|
| 3 +1 | shareholder rights/privileges |
Robert Carter
|
Proposed translations
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
278
Spanish term (edited):
(Mex.) prestación accionaria
Selected
equity contribution
not too far off 'participación accionaria' as an quioty interest (West).
The weasel-word of prestación can often mean an obligation in a share-/stock-holding scenario - see John R's and Rebecca J's ProZ answers.
My first reaction in fact was a typo for a prestación accesoria > an ancillary obligation.
Suggested interpretation of la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos > the power to appoint such governing (executive) bodies as is allowed by the equity contribution made by the same (permita is singular).
However, if permita in its turn is a typo for permitan, it could refer right back to the 'securitis/zation' (collaterallis/zation) of the títulos de crédito as credit instruments (AMM) or negotiable instruments (West).
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Note added at 2 hrs (2019-10-11 21:47:02 GMT)
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quioty interest > equity interest
The weasel-word of prestación can often mean an obligation in a share-/stock-holding scenario - see John R's and Rebecca J's ProZ answers.
My first reaction in fact was a typo for a prestación accesoria > an ancillary obligation.
Suggested interpretation of la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos > the power to appoint such governing (executive) bodies as is allowed by the equity contribution made by the same (permita is singular).
However, if permita in its turn is a typo for permitan, it could refer right back to the 'securitis/zation' (collaterallis/zation) of the títulos de crédito as credit instruments (AMM) or negotiable instruments (West).
--------------------------------------------------
Note added at 2 hrs (2019-10-11 21:47:02 GMT)
--------------------------------------------------
quioty interest > equity interest
Example sentence:
The shareholders' dividends shall always be paid out pro rata to the contributions made - in relation to the proportionate amount of share capital relating to each share - and in proportion to the time that has passed since the date which is decisive ...
Reference:
http://eng.proz.com/kudoz/spanish-to-english/law-contracts/1813200-problems-with-"prestación".html
Note from asker:
| Yes, I noticed the potential "permita(n)" problem too - but I think "permita" was indeed what was intended here. |
4 KudoZ points awarded for this answer.
Comment: "Both answers were great and pointed to the same idea - given the context, I think it is, essentially, the same as "participación accionaria" here. Your suggestion was easier to work into my sentence, but both answers are equally valid, in my opinion. Shame the points can't be split. Thanks!"
+1
1 hr
Robert Carter
Mexico
Mexico
Native in English
Specializes in field
Mexico
Translating full-time since 1998
Native in: English (Variant: British) 
Works in: Spanish to English
Related KudoZ points
:
558
shareholder rights/privileges
I think it just means the "benefit" of ownership, i.e., "depending on the rights [or privileges] the shares afford to their holders", so you can word that any way you see fit.
Common Shareholders’ Main Rights
Voting Power on Major Issues. Voting power includes electing directors and proposals for fundamental changes affecting the company such as mergers or liquidation. Voting takes place at the company’s annual meeting.
https://www.investopedia.com/investing/know-your-shareholder...
"...pudiendo ejercitar la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos."
"...with the power to appoint the governing bodies, depending on the rights afforded by the ownership/shareholding structure"
"...with the power to appoint the governing bodies in accordance with the rights, depending on their shareholder rights"
Common Shareholders’ Main Rights
Voting Power on Major Issues. Voting power includes electing directors and proposals for fundamental changes affecting the company such as mergers or liquidation. Voting takes place at the company’s annual meeting.
https://www.investopedia.com/investing/know-your-shareholder...
"...pudiendo ejercitar la facultad de designar los órganos de administrar que permita **la prestación accionaria** de los mismos."
"...with the power to appoint the governing bodies, depending on the rights afforded by the ownership/shareholding structure"
"...with the power to appoint the governing bodies in accordance with the rights, depending on their shareholder rights"
Discussion
I think I'm going to go with:
"...while able to exercise the power to appoint governing bodies, subject to shareholder rights."
That said, on that basis, perhaps the way to go is something like "as permitted by the rights/privileges entailed/conferred by its (the company's) equity contribution/stock ownership..."? Which I think would be as vague/broad as the original seems to be...