The seller who exerts the resolutory action shall make the notification by an extrajudicial deed or by any means proving in writing notification to creditors listed on the enterprise and to their elected residence as per their indication.
He shall also proceed with the provisional entries of his resolutory action in accordance with the provisions afforded to this effect by the Uniform Act on securities interests.
The cancellation may only be pronounced by the competent court of the place of registration of the seller of the enterprise.
Anyamicable cancellation agreement of a sale of the enterprise shall be unenforceable againstthebuyer’s creditors who have filed a lien on the enterprise.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 53
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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