A merger or a division shall take effect:
1°) in case of the creation of one or more new companies, on the date of registration of the new
company or of the last of the companies in the Trade and Personal Property Rights Register;
each of the new companies shall be formed according to the rules governing the form of
company adopted.
2°) in other cases, on the date of the last general meeting which approved the operation, unless
the contract provides that the operation shall take effect on another date, which shall not be
later than the closing date of the current fiscal year of the beneficiary company or companies,
or earlier than the closing date of the last fiscal year of the company or companies transferring
their assets.
Official translation
Spot-checked
In force from 17 April 1997
Source page 49