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Part 6 · Insolvency plan  ›  Division 2 · Acceptance and approval of plan › Section 252

Publication of decision

(1) The order approving the insolvency plan or refusing its approval is to be announced at the voting meeting or at a special meeting to be docketed as soon as possible. Section 74 (2) sentence 2 applies accordingly.

(2) If the plan is approved, a copy of the plan or a summary of its essential contents is to be sent to those insolvency creditors who have filed claims and to creditors entitled to separate satisfaction, making reference to its approval. If the share or membership rights of those with a participating interest in the debtor are included in the plan, they, too, are to be sent the documents; this does not apply to stockholders and limited liability shareholders in a partnership limited by shares. A copy of the plan or a summary of its essential contents need not be communicated as required under sentences 1 and 2 if a copy of the plan is sent together with the summons in accordance with section 235 (2) sentence 2 and the plan was adopted without any changes being made. Section 8 (3) applies accordingly. Listed companies are required to publish a summary of the essential contents of the plan on their website.

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