# Law No. 9423 of December 24, 1996

> Brazilian law

**Wikidata**: [Q105647391](https://www.wikidata.org/wiki/Q105647391)  
**Source**: https://4ort.xyz/entity/law-no-9423-of-december-24-1996

## FAQs

**Who enacted and approved Law No. 9423 of December 24, 1996?**
The law was enacted by the federal government of Brazil and approved by the Presidency of the Federative Republic of Brazil. It was specifically promulgated by President Fernando Henrique Cardoso on December 24, 1996.

**What topics and subjects does this law address?**
The primary subjects of the law include authorization, participation in decisions, business entities (referred to as "Empresa"), share capital ("Capital Social"), headquarters ("Sede"), and matters related to the rest of the world ("Exterior").

**Where can the official text of this law be accessed?**
The official text of Law No. 9423/1996 is available via the Brazilian government's official portal at the Planalto website (https://www.planalto.gov.br/ccivil_03/leis/l9423.htm) and is uniquely identified by the Lexml Brazil ID: urn:lex:br:federal:lei:1996-12-24;9423.

**What type of legal document is Law No. 9423?**
It is classified as a "statute," which is a formal written document that creates law. In the Brazilian legal system, this is a federal law (Lei) applicable throughout the national territory.

**In what language and location was this law published?**
The law was written in Brazilian Portuguese and was published in Brasília, the federal capital of Brazil, on the date of its enactment.

## Why It Matters
Law No. 9423 of December 24, 1996, matters as a specific legal instrument within the Brazilian legal framework, enacted during the presidency of Fernando Henrique Cardoso. As a statute, it represents the formal manifestation of statutory law, serving as a concrete, written record of legal rules applicable to the Brazilian jurisdiction. Its subject matter—covering authorization, business enterprises, share capital, headquarters, participation in decisions, and international matters ("exterior")—suggests it plays a role in regulating corporate or organizational structures and their interactions, both domestically and potentially with foreign entities. Like all statutes, it functions as an accessible, public domain document that defines rules and authorities, ensuring that legal mandates concerning its specific subjects are documented, enforceable, and transparent for citizens, businesses, and administrators operating within Brazil.

## Notable For
- **Specific Legal Citation:** Uniquely identified as Lei nº 9423/1996 within the Brazilian federal legal system.
- **Presidential Promulgation:** Notable for being promulgated by Fernando Henrique Cardoso, a significant figure in Brazilian political history.
- **Lexml Identification:** Assigned a unique URN (Uniform Resource Name) Lexml ID (urn:lex:br:federal:lei:1996-12-24;9423), facilitating its standardized reference in legal databases.
- **Broad Subject Scope:** Distinguished by its specific combination of legal subjects: authorization, participation, business, share capital, headquarters, and international (exterior) matters.
- **Public Accessibility:** Like all Brazilian statutes, it is a public domain document, freely accessible to the public via official government portals.

## Body

### Enactment and Authority
Law No. 9423, officially titled "Lei nº 9423, de 24 de dezembro de 1996," is a federal statute of Brazil. It was approved by the Presidency of the Federative Republic of Brazil and promulgated on December 24, 1996, by President Fernando Henrique Cardoso. The law was published in Brasília, the nation's capital, establishing its formal entry into the Brazilian legal system.

### Legal Classification and Nature
The law is an instance of a **statute**, which is defined as a formal written document that creates law. As a statute, it serves as the manifestation of statutory law and is a subclass of a written work, document, and rule. This classification places it within the broader context of legal acts and legislation, distinct from but related to general legal concepts. It applies to the entire jurisdiction of Brazil and is written in Brazilian Portuguese.

### Subject Matter and Scope
The law's provisions are categorized under several main subjects, as stated in its metadata:
- **Authorization (Autorização):** The act of granting permission or power.
- **Participation (Participação):** Involvement in decisions or decision-making processes.
- **Business (Empresa):** Referring to enterprises, companies, or business entities.
- **Share Capital (Capital Social):** The portion of a company's equity that has been obtained by issuing stock.
- **Headquarters (Sede):** The principal place of business or office.
- **Rest of the World (Exterior):** Matters pertaining to international or foreign contexts.

### Identification and Access
The law is indexed and accessible through several official identifiers and sources:
- **Lexml Brazil ID:** `urn:lex:br:federal:lei:1996-12-24;9423` — This unique URN provides a standardized way to reference the legal text.
- **Official Source:** The full text is available on the official website of the Planalto Palace (Presidency of the Republic) at `https://www.planalto.gov.br/ccivil_03/leis/l9423.htm`.
- **Legal Citation:** It is commonly cited as **Lei nº 9423/1996**.
- **Wikimedia Project:** The law is listed on "WikiProject Brazilian Laws," indicating its relevance in structured knowledge projects.

### Contextual Framework
Law No. 9423 was enacted within the broader context of the Brazilian legal system. Its promulgation date (1996) places it within the administration of President Fernando Henrique Cardoso (1995–2002), a period marked by significant legislative activity. As a federal law, it is part of the hierarchy of norms in Brazil, subordinate to the Constitution of 1988 but superior to subsidiary legislation. The statute is a binding legal norm applicable to the entire national territory.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1996-12-24;9423)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=9423&ano=1996&data=24/12/1996&ato=cbeoXQE5UMJpWT261)