The following may be discharged where proof is shown of their probity:
1° any person who has obtained a special composition agreement from creditors and who has
fully paid the dividends promised;
2° any person who justifies the total remission of his debt by his creditors or their unanimous
consent to his discharge.
The following may also be discharged:
Managers of companies:
- against whom receivership or liquidation proceedings have been ordered and who are
personally in the situation provided for in the first paragraph of Article 204 above, and
- against whom only personal bankruptcy has been pronounced where the company in against
which receivership or liquidation proceedings have been pronounced is in the situation
provided for in the first paragraph of Article 204 above.
Official translation
Spot-checked
In force from 10 April 1998
Source page 64