Such obligations may be satisfied, both in cash and through the contribution of movable or immovable property (bienes muebles o inmuebles) required for the corresponding work, or, where applicable, applied to the value thereof. For such purposes, the valuation (estimación) of the value of the property contributed shall be determined by the Company, and the developer shall have a maximum period of 3 months, with no right to an extension, from the moment the agreement was approved in principle by the Board of Directors to present the payment plan for the solidarity investment.
The Board of Directors may dispense, wholly or partially, with compliance with the preceding requirements when dealing with social interest projects (proyectos de interés social) included within the definition contemplated in Article 2, subsection o) of this Regulation.
2nd—It shall take effect upon its publication in the Official Gazette La Gaceta.
3rd—Final agreement.
Heredia, April 13, 2005.