1981 BANKING LAW. COPYRIGHT RODERICK H. SEEMAN

Article 35

When there has been a resolution of the general shareholders meeting concerning a partial transfer or acquisition of a business to which the bank is a party, or the bank's partial acquisition of business from a credit union, etc., the said bank, within 2 weeks from the day of the said resolution, can publish a summary of the said resolution and that creditors with objections to the said partial transfer or acquisition of business, should state their objections within a set period of time. However, there must be made a notification to that effect individually to creditors as are known, other than depositors, or other creditors as provided for by Cabinet Order.

2. The term of the previous Paragraph shall not be less than one month.

3. The provisions of Paragraph 3 and 4 of the previous Article, shall apply mutatis mutandis concerning the objections of creditors in relation to the public announcements and notifications based on Paragraph 1.