The provisions of Article 688 of this Uniform Act notwithstanding, it may be stipulated that the
companies receiving contributions resulting from the division shall be liable only for part of the
liabilities of the divided company to be borne by them severally.
In this case, the creditors who are not debenture holders of the participating companies may
oppose the division, under the conditions and the effects stipulated in Article 679 paragraph 2
et seq. of this Uniform Act.
Official translation
Spot-checked
In force from 17 April 1997
Source page 153