SECTION 31

Where the trader transfers his business place or the registered office of his company to a location within the jurisdiction of another court, he shall apply for: - such business or company to be struck off from the of the Trade and Personal Property Rights Register of the court within whose jurisdiction they were registered; - a new registration in the Trade and Personal Property Rights Register of the court within whose jurisdiction his business or registered office has been transferred; such registration shall only be final after the verification provided for under paragraphs 4 and 5 below. To this effect, individual traders carrying out business shall submit information and document in accordance with Articles 25 and 26 above; companies and other corporate persons subject to registration shall furnish the information and documents as provided for in Articles 27 and 29 above. These formalities shall be complied with by the declarant within one month of the transfer. The Registry responsible for the Trade and Personal Property Rights Register within whose jurisdiction the trader has transferred his business or where the company has transferred its registered office shall, within one month of the new registration, ensure that the name of the business or company has been removed from the register by requiring that the declarant produce a certificate issued by the Registry of the place where the business or company was previously registered. Where the declarant fails to act within time, the Registry shall as a matter of course effect the change at the expense of the declarant.