Chapter XI.
Bankruptcy and liquidation

Translation not available

Article 123.

1.

If a trader or a company, which is the owner of a piece of risk land, is declared bankrupt, an exploratory soil investigation is carried out on the piece of risk land on the initiative of the trustee in bankruptcy. The trustee takes the initiative to carry out the exploratory soil investigation within a period of sixty days after he has determined that the bankrupt person is the owner of a piece of risk land.

2.

[...]

3.

The OVAM shall issue a decision in this regard within sixty days after receipt of the exploratory soil survey and will appoint the official receiver [...] and inform the owner and user of the land in this regard.