BOOK V: Commercial paper and guarantees.

The following shall not apply to the universal transfer of the business assets of a sole trader, any clause to the contrary being deemed unwritten: 1° Article 815-14 of the Civil Code; 2° Article 1699 of the same Code; 3° Articles L. 141-12 to L. 141-22 of this Code.

On pain of nullity of the transfer provided for in Article L. 526-27: 1° The transfer must relate to the entire business assets of the sole trader, which may not be split; 2° In the event of a contribution to a newly created company, the available assets of the business assets must be sufficient to meet the liabilities due on these same assets; 3° Neither the author nor the beneficiary…

Subject to articles L. 223-9, L. 225-8-1 and L. 227-1, when the business assets contributed to a company contain assets constituting a contribution in kind, a contribution auditor shall be appointed.