Article 151 — Relocation of the Business

1/ A debtor who wishes to relocate his business shall inform the creditors secured by the business. The debt shall become due immediately where such notice is not given or relocation is effected earlier than one month from the relocation date indicated in such notice. 2/ Creditors may exercise their rights under Article 150 of this law where they are of opinion that the relocation would reduce the value of the business. 3/ Where creditors agree to the relocation and the business relocated remains within the same regional state, the creditors shall apply for the entry in the register to be varied accordingly. Where the business is relocated to another regional state, the creditors shall ensure that a new entry is made in the register kept in the Region in whose jurisdiction the new head office is situate. 4/ Where an entry is varied or new entry is made under Sub-Article (3) of this Article such varied or new entry shall have effect as from the day of the original entry.