Where, before the cancellation or annulment of the composition, the debtor has paid no dividend, the bankruptcy extensions thereof shall be destroyed and prior creditors to the composition shall recover all their rights.
Where the debtor has already paid a portion of the dividend, prior creditors to the composition may claim,againstthe new creditors, only part of their original claims corresponding to the portion of the dividend promised which they have not yet received.
Holders of claims against the first union shall retain their preferential right over creditors comprising this union.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 89
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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