|
Article 312
|
The following debts incurred during the reorganization of the company shall have preference for repayment over the rights of creditors in reorganization:
- Debts incurred for continued operation of the business of the company; and
- Expenses incurred in the process of reorganization.
The aforesaid right of preference for repayment shall not be prejudiced on account of a ruling for termination of reorganization.
|