Where, before the cancellation or annulment of the composition, the debtor has paid no
dividend, the bankruptcy extensions thereof shall be destroyed and prior creditors to the
composition shall recover all their rights.
Where the debtor has already paid a portion of the dividend, prior creditors to the composition
may claim,againstthe new creditors, only part of their original claims corresponding to the portion
of the dividend promised which they have not yet received.
Holders of claims against the first union shall retain their preferential right over creditors
comprising this union.
Unofficial translation
Spot-checked
In force from 10 September 2015
Source page 89