State Gazette No. 70/1998

TRANSITIONAL AND CONCLUDING PROVISIONS

(1) Within 2 months as from the entering into force of this Law the Minister of Justice and the Legal European Integration shall approve and promulgate in the State Gazette the list of the individuals which can be appointed as receivers.

The list under the paragraph 1 may be supplemented any time.

The Minister of Justice and the Legal European Integration shall send the list under the paragraph 1 by announcement of the addresses and subjects of the approved receivers to all district courts.

A person which has been appointed as a receiver or a temporary receiver on a founded case of bankruptcy proceedings under this Law shall be discharged by the court within a term not longer than one month after the promulgation of the list in the State Gazette, provided it is not included therein. Within the same term the court shall appointed instead of the discharged receiver another one or a temporary receiver among the individuals included in the list under paragraph 1.

In respect to the pending proceedings founded by this Law, where the court has declared the debtor to be bankrupt, shall be considered that the court is ruled the termination of the activity of the enterprise under Art.711, paragraph 1, item 1 as from the date of the ruling on declaration to bankruptcy.

This Law has been adopted by the XXXVIII National Assembly on 5th of June 1998 and the seal of the National Assembly was duly affixed thereto.

Chairman of the National Assembly: Yordan Sokolov

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