Act No. 94 / 1996 Coll.
Act amending and supplementing Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 455 / 1991 Coll., on Business Business (Trade Code), as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, and Act No. 40 / 1964 Coll., Civil Code, as amended
Valid
Law
Effective from 01.06.1996
94
THE LAW
of 13 March 1996
amending and supplementing Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 455 / 1991 Coll., on business (Trade Act), as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, and Act No. 40 / 1964 Coll., Civil Code, as amended
Parliament has decided on this law of the Czech Republic:
Act No. 455 / 1991 Coll., on Commercial Business (Trade and Trade) Act No. 231 / 1992 Coll., Act No. 591 / 1992 Coll., Act No. 600 / 1992 Coll., Act No. 273 / 1993 Coll., Act No. 303 / 1993 Coll., Act No. 42 / 1994 Coll., Act No. 38 / 1994 Coll., Act No. 136 / 1994 Coll., Act No. 200 / 1994 Coll., Act No. 286 / 1995 Coll. and Act No. 95 / 1996 Coll., is amended as follows:
1. Paragraph 8 (1) to (3) reads as follows:
"(1) The livelihood cannot be exercised by the natural or legal person whose property has been declared bankrupt if the court has decided that the operation of the undertaking must be terminated.
(2) A natural or legal person may not pursue a business for a period of three years after the court has annulled the bankruptcy because the order for the insolvency proceedings has been completed or because the property of the insolvency practitioner is not sufficient to cover the costs of the bankruptcy. If the bankruptcy was cancelled for another reason, the obstacle to the pursuit of the business referred to in paragraph 1 shall be waived by the decision to cancel the bankruptcy.
(3) For a period of three years, a natural or legal person against whom the application for bankruptcy has been rejected due to a lack of assets may also not operate. "
2. in Paragraph 8 (4), the words "paragraphs 1 and 2 'are replaced by the words" paragraphs 2 to 1 and 3';
(1) This law shall also apply to proceedings initiated before its effect; the legal effects of the earlier operations remain.
(2) Applications for claims following review proceedings before the effective date of this Act may be submitted within two months of the effective date of this Act unless they are excluded from satisfaction in bankruptcy.
This Law shall take effect on 1 June 1996.
Uhde v. r.
Havel v. r.
Klaus v. r.
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Regulation Information
| Citation | Act No. 94 / 1996 Coll., amending and supplementing Act No. 328 / 1991 Coll., on bankruptcy and settlement, as amended, Act No. 455 / 1991 Coll., on business (Trade Act), as amended, Act No. 513 / 1991 Coll., Commercial Code, as amended, and Act No. 40 / 1964 Coll., Civil Code, as amended |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 26.04.1996 |
|---|---|
| Effective from | 01.06.1996 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Civil law
Civil law substantive
The regulation text is for informational purposes only.
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