Subsection 4: Termination of the régie (R)

The régie ceases to operate in execution of a deliberation by the town council.

The deliberation of the municipal council deciding to relinquish the operation of the régie determines the date on which the operations of the régie cease. The accounts are closed on this date. The assets and liabilities of the régie are included in the accounts of the commune. The mayor is responsible for winding up the régie. He may appoint a liquidator by decree, whose powers he determines. The liquidator has…