Where liquidation is decided upon by the members, one or more liquidators shall be appointed:
1°) in case of private companies, unanimously by the members;
2°) in case of sleeping partnerships, unanimously by the general partners and by the majority
capital of the active partners;
3°) in case of limited liability companies, by the majority required for the amendment of the
Articles of Association;
4°) in case of public limited companies, under the quorum and majority conditions provided for
extraordinary general meetings.
Official translation
Spot-checked
In force from 17 April 1997
Source page 53