The competent court may declare the personal bankruptcy of any manager who:
1° commits serious errors other than those referred to in Article 197 above or who shows proof
of glaring incompetence;
2° fails to declare within a period of thirty days the insolvency of the company;
3° fails to pay the share of the company’s debts for which he is responsible.
Official translation
Spot-checked
In force from 10 April 1998
Source page 62