Article 58. Legal Succession in the Reorganisation of Legal Entities

1. In case of the merger of the legal entities, the rights and duties of every one of them shall pass to the newly emerged legal entity.

2. In case of the legal entity's affiliation to another legal entity, the rights and duties of the former legal entity shall pass to the latter legal entity.

3. In case of the division of the legal entity, its rights and duties shall pass to the newly emerged legal entities in conformity with the deed of transfer.

4. In case of the branching off from the structure of the legal entity of one or of several legal entities, the rights and duties of the reorganised legal entity shall pass to every one of these in conformity with deed of transfer.

5. In the event of transformation of a legal person of one organisational legal form into a legal person of another organisational legal form, the rights and duties of the re-organised legal person in respect of other persons shall not change, except for the rights and duties in respect of the founders (participants) whose change is due to re-organisation.

The rules of Article 60 of the present Code are not applicable to the relationships that come into being when a legal person is re-organised in the form of transformation.