Any deed recording the assignment of anenterprise must state:
1) for natural persons, the full civil status of the seller and buyer, and for legal entities, their name, their enterprise, their legal form and address of their registered office;
2) the activities of the seller and the buyer;
3) their registration numbers in the Register of Commerce and Securities;
4) where applicable, the source of the enterprise with respect to the previous owner;
5) the state of liens, pledges and entries encumbering theenterprise;
6) turnoverfor eachofthree last financial years of exploitation, or since its acquisition if the enterprise has not been operated for more than three years;
7) profits and losses during the same period;
8) theleaseannexedtothe deed stating its date, term, name and address of the lessor and the assignor, where applicable;
9) the price agreed;
10) the location and and list of assets sold withthe enterprise;
11) The name and address of the notary or banking institution designated as escrow agent if the sale takes place by private deed.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 50
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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