SECTION 58

The dissolution of a legal entity, for any reason whatsoever, must be declared so as to enter it in the Register of Commerce and Securities within one month at the register of the competent court or the competent body in the State party inwhich the entity is registered. The same shall apply to the nullity of the company as soon as the decision thereon is taken. The removal shall be requested by the liquidator within a one month period from the close of the liquidation proceedings. Where appropriate, the removal shall be requested for additional particulars and secondary registrations as well as for subsidiaries and establishments. Failing to apply for removal within the prescribed period, the clerk of the competent court or the competent body in the State party shall enter the removalupon the rendering of the decision of the competent court or competent authorityin the State party, ruling expeditiously, seized on its own motion or by any interested party. The court clerk or the person in charge of the competent body in the State party shall issue aregistration receipt which states the formality completed and the date of completion.