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Part 1 · General provisions  ›  Division 2 · Division for purposes of absorption › Section 130

Entry in the register of the division

(1) The division may be entered in the register maintained at the seat of the legal entity being acquired only after it has been entered in the register maintained at the seat of each of the acquiring legal entities. The entry in the register maintained at the seat of each of the acquiring legal entities is to include the note that the division will take effect only upon its being entered in the register maintained at the seat of the legal entity being acquired, unless the entries are made on the same day in the registers of all legal entities involved.

(2) The court having jurisdiction at the seat of the legal entity being acquired is to inform, of its own motion, the respective court having jurisdiction at the seat of each of the acquiring legal entities of the date on which the division was entered in the register, and is to transmit an excerpt from the register and the articles of association, the partnership agreement, or the by-laws of the legal entity being acquired as a copy, a hard copy, or electronically. Following receipt of such notice, the respective court having jurisdiction at the seat of each of the acquiring legal entities is to record of its own motion the date in its entries on which the division was entered in the register maintained at the seat of the legal entity being acquired.

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