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and confirmed by order of the commissioner. ( 2) Wlhiere an software to set aside has been InaI® during this era, the cou,rt shall decide upon both ‘! He software to set aside and the software for affirmation at ,the same time and ~baU ship one
of resolutions to be proposed or of the auditors’ report to be submitted. Nothing in this Section shall have an effect on the rights of shareholders or third parties who havc been injured by the fault or fraud of the administrators. (2) Where a resolution to institute proceedings or to compromise the declare is adopted by a vote of shareholders representing at least one fifth of
shall be responsible for the loss, whether or not complete or partial, of products or registered baggage or for any injury thereto or delay in the conveyance thereof. The provisions of this Title shall apply to any one who undertakes for reward to hold persons, baggage or goods by land, in particular by street, railway or inland waterways corresponding to rivers, canals or lakes.
of the opposite partners. ( 1) Where several individuals have been appointed managers and their duties have not been specified or the place it has not been specified that they act collectively, they may each perform acts of administration. ( 3) Where a partner corttributes a debt, he guarantees solely the existence of the debt and never the solvency of the debtor, except otherwise agreed.
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within the articles of affiliation. (1) An utility to set aside a judgment in bankruptcy shall be mad inside eight days from the date of such judgment. In respect of judf ments topic to posting and to insertion in newspapers empowered \
- to the date of the winding-up.
- rectors and appoint new administrators in their place.
- The SUIDS paid to the beneficiary shall not should be refunded to the
- The mortgagee might claim immediately from the insurer who may set up
- it to the addressee or the particular person performing on his behalf.
- may be required to inc~ease his contribution with out his consent.
and unfold over time where income are made, in accordance with the articles of affiliation. (2) Auditors might he re-elected at such durations and under such conditions as may be provided within the articles of affiliation. (2) Other meetings could additionally be known as by the manager or, in his absence, by the
(4) Nothing on this Article shall have an result on the provisions of Art. 463. (1) Resolutions adopted by a gathering in accordance with the regulation, the me- morandum or articles of association shall bind all members, together with
The courtroom shall make an order for adjudication of the bankruptcy where the debtor has susp,ended his payments. 11he registrar shall make certain that a,IlY judgement closing hankruptcy proceed-
twenty days a£ter the company having suspended payments. ( 1) Any amoUIllt paid previous to suspension of funds to a ereditor ! Whose declare is collectively and severally guaraDJteed by the bankrupt and.
contributed to the partnership. (1) The managers shall hand over to the liquidators the property of, and documents relating to, the partnership and render an account of their management upto the date of handing over. The lifetime of one of the partners, or where the ability to, dissolve on DOtioe is pzovided within the settlement, every companion may result in
No merchandise in ‘a current account may be appropriated to an item on the other side. (b) it’s provided that the current account shall retain its unity, regardless of the material division into sevel”lll heads. (2) Sums collected shall be positioned on the dispoeal 01 the depoeitor, in specific by entry to the credit score of his deposit account.
( 5) LinUtation shall not apply wlbere judgment has been pronounced or if the debt ihas been acknowledged by separate act. ( 1) .All acllions ari.sing out of a hill of exchange against “,he aocepto;r shall be barred Miter tihree years from lihe date of maturity.
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may not he arrange against the property during which no further collectors might prove. (4) The resolution of the collectors shall specify the length and scope
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surrender the place he accepts the soheme beneath Art. 1141. (1) The sohemc of arrangement shall be accredited by a majorIty of credi- tors represbnting not less than two-thirds of all non-preferred or un- secured debts. (3) The delegate choose and t1he registrar sihall enter and signal a observe of the judgment at tlhe end of tfhe entries !
plication. Where the scheme of arrangement is not accredited in accordance with Art. 1HO and 1141, the delegate decide shall without delay inform tlle court, which shall of its personal motion adjudgl’ the debtor bankrup.t. (6) The provisions of Art. 1083 (4) and (5) shall apply to voting under
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to ,the hirers. Th.e contract of hire of a protected has as its object to place at the disposal of the hirer a protected or compartment of a secure for a specified time frame
tion, it might not make an interlocutory order andtilre creditor holding the contested debt might not join in tihe proceedings till judgement in criminal procCC’lings has been given. (1) Where an objection contesting a debt is lodged and such objection ‘might cause delay, the court docket ~1iall determine wlhether to stay chapter
publish legal notices circulating at the place the place the pinnacle office of the business is situate. (1) The official in management of the register shall confirm the accuracy of the
Where there are several teams of shareholders with a differeut authorized standing, the articles of association shall provide for every group to elect a~ least one representative on the board of directors. ( 6) Similar rights could also be reserved to holders of desire shares by an categorical provision in the memorandum or articles of affiliation. (2) Where the interests of collectors or shareholders are endangered by the
acceptance and protest, can solely be taken on a working d8IY. ( I) A party “Wiho bas despatched one part for acceptance shall specify on the different components the name of the person in wIIrose palms 1!his half is to
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with out fixing a restrict of time for presentment. ( 1) In any invoice of trade the drawer might stipuJa,te that it be offered ror acceptance with or without fixing a restrict of time for presentment. (1) Where an endorsement incorporates the words “value in safety,” “worth in pledge” or some other similar words implying a pledge,
