Any registered natural person shall, within a period of one month from the cessation of hisactivity, request its removal from the Register of Commerce and Securities. This formality must also be completed for subsidiaries and establishments.
In the event of death of a registered natural person, his successors must, within the period of three months after the death, request the removal of his registration from the Register of Commerce and Securities, or its amendmentwhere they intend to carry on themselves.
Failing to request the removal within the time limit specified in the first two paragraphs of this Article, the clerkor the competent body in the State party shall effect the removalupon the decision of the court or the competent authority in the State party, ruling expeditiously, seized at his request or by any interested party.
The court clerk orthe person in charge of the competent body in the State party overseeing the Register of Commerce and Securities shall issue aregistration receiptwhich states the formality completed and the date of completation of the formality.
Unofficial translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 23
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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