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BGB 42. 1 An association is dissolved by the commencement of insolvency proceedings . If the proceedings are discontinued on the application of the debtor or terminated after the confirmation of an insolvency plan that provides for the association to continue in existence , the general meeting may pass a resolution that the association is to continue in existence . The articles of association may provide that , if insolvency proceedings are commenced , the association is to continue as an association without legal personality ; in this case too , if the requirements of sentence two above are satisfied , a resolution may be passed to continue the association as an association with legal personality .
BGB 49. 2 The association is deemed to continue in existence until the end of the liquidation if the purpose of the liquidation requires this .
BGB 98 The following are intended to serve the economic purpose of the main thing : in the case of a building that is permanently equipped for commercial operations , in particular a mill , a smithy , a brewery or a factory , the machinery and other equipment intended for the business , in the case of a farm , the equipment and livestock intended for the commercial operations , the agricultural produce , to the extent that it is necessary to continue the farming until the time when it is expected that the same or similar produce will be obtained , and manure produced on the farm .
BGB 169 To the extent that the expired authority of an authorised representative or a managing partner is deemed to continue in accordance with sections 674 and 729 , it is not effective in favour of a third party who , when a legal transaction is undertaken , knows or ought to know of the expiry .