A division by separation of an enterprise operated by a sole trader, the business name of which has been entered in the Commercial Register, or of parts of said enterprise out of the assets of this trader may be implemented only for the purpose of this enterprise, or parts of this enterprise, being absorbed by commercial partnerships, share capital companies, or registered cooperative societies, or for purposes of the new formation of share capital companies. No division by separation may be implemented if the liabilities of the sole trader exceed his or her assets.
Subdivision 2
Division by separation for purposes of absorption