The appointment and revocation may be set up against third persons from the filing of the notice. The liquidator is seised of the property of the legal person and acts as an administrator of the property of others entrusted with full administration. The liquidator is entitled to require from the directors and the members of the legal person any document and any explanation concerning the rights and obligations of the legal person. The liquidator first repays the debts, then effects the reimbursement of the capital contributions. The liquidator, subject to the provisions of the following paragraph, then partitions the assets among the members in proportion to their rights or, otherwise, in equal portions, following if need be the rules relating to the partition of property in undivided co-ownership.
Any residue devolves to the State.
He disposes of them thereafter as he sees fit. Unless the liquidator obtains an extension from the court, the Public Curator undertakes or continues a liquidation that is not terminated within five years from the filing of the notice of dissolution. The Public Curator has, in that case, the same rights and obligations as a liquidator. The liquidation of a legal person is closed by the filing of a notice of closure in the same place as the notice of dissolution. The filing of the notice, where such is the case, cancels any other registrations concerning the legal person.