In case of liquidation or judicial fiscal adjustment of the company, the representatives of the
group of bondholders shall be competent to act in the company’s name. Under the liabilities
column of the liquidation of assets or judicial fiscal adjustment of the company, they shall declare
for all the bondholders of the group the amount of the capital and interest owed by the company
to the bondholders of the group.
They shall not be required to produce the bonds of the bondholders of the group to justify their
declaration. In case of difficulty, any bondholder may apply to the president of the competent
court to appoint a receiver to make the said declaration and represent the group.
Official translation
Spot-checked
In force from 17 April 1997
Source page 171