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Article 55-9Commencement of Bankruptcy Proceedings with Respect to an Incorporated Management Association Under Liquidation

第五十五条の九(清算中の管理組合法人についての破産手続の開始)

If it becomes apparent during liquidation that the assets of an incorporated management association are insufficient for the full performance of its obligations, the liquidator must immediately file a petition to commence bankruptcy proceedings and give public notice to that effect.

清算中に管理組合法人の財産がその債務を完済するのに足りないことが明らかになつたときは、清算人は、直ちに破産手続開始の申立てをし、その旨を公告しなければならない。

If an incorporated management association under liquidation has become subject to an order commencing bankruptcy proceedings, the liquidator is considered to have completed their duties once the association's administrative affairs are transferred to a bankruptcy trustee.

清算人は、清算中の管理組合法人が破産手続開始の決定を受けた場合において、破産管財人にその事務を引き継いだときは、その任務を終了したものとする。

In the case prescribed in the preceding paragraph, if the incorporated management association under liquidation has already paid any money to the creditors, or has delivered any assets to persons with vested rights, the bankruptcy trustee may retrieve that money or those assets.

前項に規定する場合において、清算中の管理組合法人が既に債権者に支払い、又は権利の帰属すべき者に引き渡したものがあるときは、破産管財人は、これを取り戻すことができる。

The public notice pursuant to the provisions of paragraph (1) is given by publication in the Official Gazette.

第一項の規定による公告は、官報に掲載してする。

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