Condition for distribution of assets

(1) A distribution of the assets among the members may not be carried out before the debts have been discharged or covered, and before expiry of one year from the day on which the call to the creditors was published in the gazettes designated for this purpose.
(2) Where a known creditor does not apply, the amount owed is, where the right of deposit exists, to be deposited for the creditor. Where the discharge of an obligation is not currently feasible, or an obligation is disputed, distribution of the assets may take place only where security has been given to the creditor.