(1) Claims against a partner arising from obligations of the partnership will become statute-barred five years after dissolution of the partnership, unless the claim against the partnership is subject to a shorter period of limitation.
(2) The period of limitation begins to run at the end of the day on which dissolution of the partnership is registered in the Commercial Register of the court having jurisdiction over the seat of the partnership.
(3) If the creditor’s claim against the partnership becomes due after the entry, the period of limitation begins to run from the due date.
(4) In respect of the dissolved partnership, recommencement of the limitation period and suspension thereof under section 204 of the Civil Code will be effective also vis-à-vis partners who were members of the partnership at the time of its dissolution.