The cancellation of an entry by agreement shall take effect only where the creditor or his assignee substituting him deposits or transmits by electronic means an instrument drawn up by a competent authority or a private deed attesting to the cancellation of his rights. This shall be accompanied by a filled form containing the following information:
i) names, company name, address or head office and where need be, the registration number of the natural or legal person against whom the was required, or in the case of registration of partnership rights and transferable securities, registration number of the legal person whose partnership rights are subject of the registration;
ii) nature and the date of the deposited deed or deeds.
The cancellation shall be registered in the Trade and Personal Property Right Register after verifying that the form is in conformity with the deposited deed or deeds.
A certificate of cancellation shall be issued to anyone who applies for it.
Official translation
Transcription: Spot-checked
In force from 16-05-2011
Source page 21
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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