The dissolution of the company entails its liquidation, except in the cases provided for in Article 1844-4 and in the third paragraph of Article 1844-5. It only has effect with regard to third parties after its publication.
The liquidator is appointed in accordance with the provisions of the Articles of Association. If these are silent, he is appointed by the partners or, if the partners are unable to make such an appointment, by a court decision. The liquidator may be dismissed under the same conditions. The appointment and revocation may only be relied on as against third parties from the date of their publication. Neither the company nor third parties may, in order to avoid their obligations, rely on an irregularity in the appointment or dismissal of the liquidator, once it has been duly published.
The legal personality of the company subsists for the purposes of the liquidation until the publication of its closure.
If the liquidation has not been closed within three years of the dissolution, the Public Prosecutor or any interested party may refer the matter to the court, which shall cause the liquidation to proceed or, if it has been started, to be completed.