1. A creditor that gives notice of opposition to the Company under Clause [4] of Article [290] of this Decree Law without his claim being paid or settled by the Company within thirty [30] days of the date of the notice, may apply to the competent court for an order to suspend the merger. 2. If, when considering the application to suspend the merger, the court finds that a merger would be unfairly prejudicial to the interests of the applicant, the court may order a suspension subject to such further conditions as the court may deem appropriate. 3. The merger shall remain suspended until the opposition is waived or is rejected by final judgment of the court or the Company settles the debt if due or provides sufficient security for payment of the debt if deferred 4. Failure to oppose the merger resolution within the time limit provided for in Article [290.4] of this Decree Law shall be deemed an implicit acceptance of the proposed merger.
Interpretation and application must be checked against the official text and current version.
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