Article 576 — The Rights of Creditors

1/ Creditors whose claims against the business organizations participating in merger or division antedate the publication of the merger or division plan in a newspaper and have not fallen due at the time of such publication may petition the court to grant them adequate securities if one of the following conditions is fulfilled. a) where the assessment conducted by an impartial expert pursuant to Article 569 (4)(d) of this Code concludes that the creditors are not sufficiently protected after the merger or division or b) If the impartial expert concludes the financial standing of the business organizations involved in the merger or division poses a particular risk to the rights of creditors and gives opinion regarding safeguards to be implemented. 2/ The creditors must file their claim for adequate security pursuant to Sub-Article (1)(a) and (b) of this Article within sixty consecutive days from the first publication of the merger or division plan in a newspaper pursuant to Article 572(1). 3/ The court may order each business organization involved in the merger or the business organization to be divided to pay the creditors or provide adequate security for the payment of the debt.