Where in accordance with Article 128 above one or more Controllers have been appointed for
the execution of the composition agreement, they shall forthwith make a report on any delay or
any other breach in the execution of the agreement to the President of the competent court who
may order that an investigation be carried out by the Bankruptcy Trustee who shall report to
him thereon.
Where the mission of the Controller of the composition agreement comprises the payment of
dividends to creditors, he shall open a special deposit account in a bank in his name and capacity
as Controller of the composition or for each of the compositions in which he has been so
appointed.
The Controller shall forward to the President of the competent court at the end of each half of
the calendar year, the credit balance statements of the accounts which he has opened for the
composition under his control.
The Controller shall hold an insurance policy covering his civil liability; he shall show proof of
such policy to the President of the competent court.
Sub-section IV
Termination and annulment of the preventive composition agreement
or the recovery composition agreement
Official translation
Spot-checked
In force from 10 April 1998
Source page 47