1. In case of the denial and lack of legitimate excuse, legal proceedings arising as a result of the liquidator carrying out his functions and claims arising as a result of partners, managers, Directors or auditors of the Company carrying out the duties of their office shall be time barred after the expiry of three [3] years, unless the law provides for a shorter time bar. 2. The aforesaid time bar shall start of the date when the completion of liquidation is entered in the commercial register in the former case, and of the date when the act giving rise to liability occurred in the latter case. 3. If the act attributed to any such persons is a criminal offense, the liability lawsuit shall not be time barred until the prescription of the criminal case.
Interpretation and application must be checked against the official text and current version.