(1) Unless the stipulations of the present Book lead to a different conclusion, the legal entity in its new legal form may continue to use the business name it has used thus far. Additional designations indicating the legal form of the company that is changing its legal form may not be used, also not if the legal entity continues to use the business name it has used thus far.
(2) Section 19 of the Commercial Code, section 4 of the Act on Limited Liability Companies, sections 4, 279 of the Stock Corporation Act, or section 3 of the Trade & Industrial Cooperative Societies Act are to be applied accordingly to any business name that continues in use following the change of legal form.
(3) Where a natural person held an ownership interest in the legal entity changing its legal form, whose ownership interest will cease to exist in the legal entity in its new legal form, the name of this holder of shares may be used in the business name that is continued to be used or that has been newly created solely if the affected holder of shares or their heirs expressly have agreed to such use.
(4) Where the legal entity changing its form or the legal entity in its a new legal form is a professional partnership, subsections (1) and (3) apply accordingly to the continued use of the business name or name, or the formation of same. A business name may continue to be used as the name of a professional partnership solely subject to the pre-requisites set out in section 2 (1) of the Partnership Companies Act. Section 1 (3) and section 11 of the Partnership Companies Act are to be applied accordingly.
(5) As a result of the change of legal form into a partnership under the Civil Code, the business name of the company changing its legal form will be extinguished.