SECTION 201

The company dissolution shall have an effect on third parties only from it publication by notice in a newspaper authorized to publish legal notices in the State party of the headquarters. Dissolution of a multi- members company automatically entail its liquidation. The legal personality of the company shall continue to exist for liquidation purposes and until the liquidation procedure is completed. The dissolution of a company in which all instruments are held by a single member shall result in a universal assignment of assets and liabilities of the company to such individual, without liquidation occurring. Creditors may object to the dissolution before the competent court within a period of thirty (30) days following the publication thereof. The competent court may reject the objection or order either the settlement of debts or the provision of guarantees where the company offers any and if hey are deemed sufficient. The assignment of assets and liabilities as well as the disappearance of the company shall take effect only at the expiration of the deadline of the objection period or, where appropriate, when the objection has been rejected or debts have been reimbursed or guarantees provided. The provisions of the fourth paragraph do not apply to companies whose sole shareholder is a natural person. In such case, the dissolution of the company entails its automatic liquidation.