What requirements and considerations must legal entities take into account when transferring Over The Counter (OTC) shares?

For the transfer of shares by legal entities, it is mandatory to submit all legal documents and current powers of attorney in advance. These documents will be reviewed by the DCV Registros legal department. Once approved, a legal opinion will be issued indicating whether the entity has the authority to sell and/or self- contract shares. The legal representative, attorney-in-fact, or shareholder must be registered with the company. Otherwise, an original notarized signature registration must be submitted, in which the notary certifies the identity of the signer and specifies whether they are a shareholder or a representative. The notary must certify as follows: If the person is a shareholder: “Signed before me, Mr./Ms. ………………… RUT …………………” If the person is a legal representative or attorney-in-fact: “Signed before me Mr./Ms. ……………… RUT ………………… as representative of ……………… RUT: …….”. A copy of the signer’s identity card, signed three times, must also be included.

The purchase or sale price per share must be specified in the transfer document. In accordance with Article 1796 of the Civil Code, sales contracts are null and void between spouses not legally separated and between parents and children under parental authority.