When a legal entity comprising members who are indefinitely and jointly and severally liable for
the debts of the company is admitted for reorganization, the creditors may only accept the
composition in favor of one or several members.
Where the judgment of assets liquidation of a legal entity is passed, the company assets shall
remain under the administration of the union. Personal property of those who have been admitted
in the composition shall be excluded therefrom and the composition may prescribe a commitment
to pay a dividend only on assets outside the company's assets. A member who has obtained a
special composition shall be discharged of all obligations attached to the debts of the company as
long as he has paid the promised dividends.
Sub-section 2: Composition with partial or total assignment of assets
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 83