|
Article 308
|
Except when the provisions of the Bankruptcy Law shall govern in the case that a court has ex officio, rendered a judgment to adjudge a company bankrupt, a ruling for termination of reorganizers rendered by a court shall have the following effects:
- Any disposition or effect thereof under Article 287, Article 294, Article 295 or Article 296 shall be null and void;
- A person who has been barred from exercising his right for neglect in declaring the right shall have such right restored; and
- The shareholders' meeting, directors and supervisors whose powers and functions have been suspended on account of reorganization shall have such powers and functions restored forthwith.
|