Any registered natural person shall, within one month from the date of cessation of his
commercial activity, apply for the removal of his name from the Trade and Personal Property
Rights Register
In the event of the death of a registered natural person, his successors shall, within a period of
three months from the date of such death, apply for the cancellation of his name at the Registry
or for its change where they themselves have to continue to operate the business.
Where the application for removal is not filed within the time-limit referred to in the two
preceding paragraphs of this article, the Registry shall proceed to the cancellation following a
decision of the competent court before which the matter is referred by the Registry or by any
interested party.
Notice of every cancellation from the Register shall be published in the newspaper authorized
to publish legal notices.
Official translation
Spot-checked
In force from 17 April 1997
Source page 18