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Part 8 · Dissolution and declaration of the company’s nullity  ›  Division 1 · Dissolution › Section 264

Need to wind up

(1) After the company has been dissolved, it is to be wound up unless insolvency proceedings have been opened for the assets of the company.

(2) Where the company has been dissolved by being struck from the register for lack of assets, it is to be wound up only if it becomes apparent after it has been struck out that assets exist that are subject to distribution. Upon a corresponding petition having been filed by a party involved, the court is to appoint the liquidators.

(3) Unless the present subdivision leads to a different conclusion or unless something else results from the purpose pursued in winding up the company, those provisions are to be applied to the company as before, until the completion of the winding-up, that apply to companies that have not been dissolved.

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