Civil Code Article 40June 19, 2019

A liquidator shall do the following duties: "(1) Wind up the business or affairs of the juridical person. "(2) Claim the obligatory rights and discharge the debts. "(3) Deliver the remaining assets to the persons entitled thereto. "The dissolved juridical person, before the end of its liquidation, is deemed to continue existence insofar as it is necessary for the liquidation.

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