The rights and obligations contracted by the company under its old form shall remain valid under
its new form. The same shall apply to guarantees, unless otherwise provided in the instrument
providing the guarantees.
In case of transformation of a company in which the members’ liability is unlimited into one in
which their liability is limited to their shares, creditors whose claims are prior to such
transformation shall maintain their rights over the company and the members.
Official translation
Spot-checked
In force from 17 April 1997
Source page 48