Even if a transferee company does not continue to use the trade name of the transferor company, if it advertises to the effect that it will assume the obligations that have arisen from the business of the transferor company, the obligees of the transferor company may demand the performance against the transferee company.
If the transferee company is liable for the performance of the obligations of the transferor company pursuant to the provisions of the preceding paragraph, the liability of the transferor company is extinguished upon lapse of two years after the day of the advertisement under that paragraph regarding any obligee who does not demand the performance, or does not give an advance notice of the demand, within that period.
transferor company
「譲渡会社」
A company that has transferred its business, and which, unless the parties agree otherwise, may not carry on the same business in the same or a neighbouring municipality for twenty years.
Short name set inArticle 21, paragraph (1)· applies only in this chapter
transferee company
「譲受会社」
A company that has taken over another company's business by transfer, and which is also liable for the transferor's business debts if it keeps using the transferor's trade name.
Short name set inArticle 22, paragraph (1)· applies only in this chapter