SECTION 201

The company dissolution shall have an effect on third parties only fromit publication bynotice in a newspaper authorizedto publish legal notices in the State party of the headquarters. Dissolution of a multi-memberscompanyautomatically entail its liquidation. The legal personality of the company shall continueto exist for liquidation purposes and until the liquidation procedure is completed. The dissolution of a company in which all instrumentsare held by a single member shall result in a universal assignmentof assets and liabilities of the companyto such individual, without liquidation occurring. Creditors may objectto the dissolution before the competent court within a P. 64 of 267 period of thirty (30) days following the publication thereof. The competent court may reject the objection or ordereither the settlement of debts or the provision of guaranteeswhere the company offers any and if hey are deemed sufficient. The assignment of assets and liabilities as well as the disappearance of the company shall take effect only at the expiration of the deadline of theobjection period or, where appropriate, when the objectionhas been rejected or debts have been reimbursedor guarantees provided. The provisions of the fourth paragraph do not apply to companies whose sole shareholder is a natural person. In such case, the dissolution of the company entails its automatic liquidation.