SECTION 223

In the absence of provisions in the Articles of Association or an express agreement between the parties, the liquidation of the dissolved company shall be carried out in accordance with the provisions of this chapter, without prejudice to the provisions of the preceding chapter. Furthermore, a competent court may, through summary proceedings order that the liquidation be carried out under the same conditions at the request of: 1°) the majority of members in private companies; 2°) members representing not less than one-tenth of the capital in the other forms of companies having legal personality; 3°) the company’s creditors; 4°) the representative of the general body of bondholders’. Members may agree that the provisions of Articles 224 to 241 of this Uniform Act shall be applicable where they decide on voluntary winding up.