The application to open collective proceedings may be made within the time limit of one year
following the date the debtor is struck off the Trade and Personal Property Rights Register if his
insolvency preceded his being struck off the register.
The application to open collective proceedings may also be made against a partner whose
liability is joint, several and indefinite for the company’s debts within a period of one year where
payments are suspended before his withdrawal from the Trade and Personal Property Rights
Register is recorded.
In both cases the competent court may commence proceedings on its own motion in accordance
with the conditions laid down in Articles 28 and 29 above or the matter may be referred to it on
the application of any of the creditors.
Official translation
Spot-checked
In force from 10 April 1998
Source page 17