The competent court may pronounce the personal bankruptcy of top executives who:
P. 110 of 139
1) Have committed serious misconduct other than those referred to in Article 197 above illustrating a manifest incompetence;
2) Have not declared, within a period of thirty days, the insolvency of the legal entity;
3) Have not paid their share of the company's debts for which they are liable.
Unofficial translation
Transcription: Spot-checked
In force from 24-12-2015
Source page 109
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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