Liquidation of companies

If a company without legal personality or a partnership limited by shares is liquidated by the opening of insolvency proceedings for the property owned by one partner, the managing partner ranks among the preferential creditors as regards his or her claims arising from the provisional continuation of urgent business transactions. As long as the managing partner is not at fault in being unaware of the opening of insolvency proceedings, that managing partner ranks among the insolvency creditors with claims arising from the continuation of business transactions; section 84 (1) remains unaffected.