Restrictions on Performance of Obligations Article 500 A Liquidating Stock Company cannot perform its obligations during the period of time under paragraph (1) of the preceding Article. In such cases, a Liquidating Stock Company cannot be exempted from the liability arising from its failure to perform.
Notwithstanding the provisions of the preceding paragraph, even during the period of time under paragraph (1) of the preceding Article, a Liquidating Stock Company may, with the permission of the court, perform its obligations relating to claims of minor claims, claims secured by security interests over the assets of the Liquidating Stock Company, or other claims unlikely to be detrimental to other creditors even if performed. In such cases, if there are two or more liquidators, the petition for such permission must be made with the consent of all of the liquidators.
