(1) A proxy granted by the debtor with respect to the property forming part of the insolvency estate expires upon the insolvency proceedings being opened.
(2) As far as a mandate or a management contract is deemed to continue under section 115 (2), the related authority is also deemed to continue.
(3) As long as the authorised person is not at fault in being unaware of the opening of insolvency proceedings, he or she is not held liable under section 179 of the Civil Code.