SECTION 183

Where receivership or liquidation proceedings of a company results in an insufficiency of assets, the competent court may, in the case where a management error contributed to such insufficiency of assets, decide, at the request of the Bankruptcy Trustee or even of its own motion that the balance of the company’s debts will be borne in whole or in part, with or without joint and several liability, by the manager or where there are more than one, all or some of the managers. The Bankruptcy Trustee’s writ of summons shall be served on each manager implicated at least eight days before the court session. Where the competent court is examining the matter on its own motion, the President of the court shall have the court registrar summon them by any extrajudicial act within the same period. The competent court shall take a decision as soon as possible, after reading the report of the Judge Administrator and hearing the managers in camera.