The company shall be bound by the works and acts performed by the liquidator in its name, if they are required for the liquidation. The liquidator shall be liable to the company, the partners or shareholders and third parties for the damage resulting from his/her works or acts in violation of the law, or from his/her acts which are beyond the scope of his/her authorities or from any fraud, forgery or negligence committed by him/her in the performance of his/her duties and also for his/her failure to act as a prudent person. If there is more than one liquidator, they shall be jointly liable unless each one of them has the right to act severally pursuant to resolution or judgment issued for their appointment and no claim shall be heard against the liquidator after the lapse of five (5) years of the date of completion of the liquidation works.
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