1. Liquidation shall be conducted by one or more liquidators appointed by the partners or by resolution of the General Assembly or equivalent body. The liquidator cannot also be an auditor for the time being of the Company and shall not have audited its accounts in the 5 years immediately preceding his appointment. 2. If the liquidation is based on a court order, the competent court shall specify the method of liquidation and appoint a liquidator. In all case, the liquidator's duties shall not terminate upon the death of a partner or a declaration of his bankruptcy, insolvency or interdiction, even if the liquidator was appointed by the partners.
Interpretation and application must be checked against the official text and current version.