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Part 8 · Dissolution and declaration of the company’s nullity  ›  Division 2 · Declaration of nullity of the company › Section 277

Effect of the entry in the register of nullity

(1) Where the company’s nullity by reason of a final and binding judgment or of a decision taken by the court of registration has been entered in the Commercial Register, the company is to be wound up according to the provisions governing the winding up in the case of dissolution.

(2) The nullity does not affect the effectiveness of the legal transactions entered into on the company’s behalf.

(3) The shareholders are to make the contributions insofar as this is necessary to settle the liabilities that have been entered into.

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