Article 471 — Rights of Creditors

1/ Any creditor holding rights against the company prior to the publication of the resolution in a newspaper having a nation-wide circulation in accordance with Article 463 of this Code may, where the reduction of capital is in an amount exceeding ten percent, object to the reduction within three months from such publication. 2/ The court may reject such objection or order the company to pay the claimant or to provide adequate guarantees for payment. 3/ No reduction of capital may be effected until the period specified in Sub-Article (1) of this Article has expired.