The conditions laid down in Article 109 above shall not be applicable to:
- the State;
- local governments;
- Public corporations;
- legally incapable persons, with regard to the business they owned prior to the onset of their
incapacity;
- the heirs or legatees of a deceased trader regarding the business run by the latter;
- management lease schemes signed by a court appointed officer in the course of a receivership
proceeding responsible in whatever capacity for the running of a business, provided that they
have been so authorised by the competent court and that they have been published in the
newspaper authorized to publish legal notices.
Official translation
Spot-checked
In force from 17 April 1997
Source page 37