Statutes – Article 25 – Dissolution and liquidation of the society

25.1 The society shall not be dissolved by the death, prohibition, court order, bankruptcy or insolvency, resignation or exclusion of one or more of its associates. It shall continue by operation of law between the remaining associates and all the successors and representatives of the deceased partner or partners.

25.2 Should it become apparent at any time that the income does not cover the expenses, the Managing Director may convene an extraordinary general Assembly to decide on the continuation or dissolution of the society.

25.3 – On expiry of the society, or in the event of early dissolution, liquidation shall be carried out by the Managing Director. In this case, the available assets will be shared equally between the associates.

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