The competent court shall convert the receivership into liquidation proceedings where the debtor
does not propose a composition agreement or fails to obtain one or where the composition
agreement has been annulled or cancelled.
Without prejudice to the provisions of Articles 139-2° above, the same shall apply where a
natural person is incapable of continuing his activity because of the forfeitures ordered against
him.
The decision converting the receivership proceedings into liquidation of proceedings shall be
subject to the rules of publication provided for in Articles 36 to 38 above.
Official translation
Spot-checked
In force from 10 April 1998
Source page 49