Forced Liquidation Of «Citycoop-Societa ' Cooperativa», In Ancona And Appointment Of Liquidator.

Original Language Title: Liquidazione coatta amministrativa della «Citycoop - Societa'cooperativa», in Ancona e nomina del commissario liquidatore.

Read the untranslated law here:

The MINISTER of ECONOMIC DEVELOPMENT having regard to the Decree of the President of the Council of Ministers December 5, 2013, # 158, embodying the organisational regulations of the Ministry of economic development, for the responsibilities of supervision of cooperative; Having regard to the Decree-Law No 95 July 6, 2012, converted into law August 7, 2012, # 135; Having regard to the request of the Confederation of Italian cooperatives has requested that the company "CITYCOOP-SOCIETA ' COOPERATIVA" is admitted to the procedure of compulsory administrative liquidation; Having regard to the findings of the review of the Association of insolvency from which detects the State representation of the aforementioned cooperative society; Considered what emerges from the above revision, from which it appears that the latest balance sheet at June 30, 2014, shows a substantial insolvency condition as compared with assets of 548,220.00, there is a mass of €2,090,779.00 debt and a negative equity of €-1,542,559.00; Considering that it was acquitted the requirement laid down in art. 7 August 7, 1990 law n. 241, giving notice of commencement of proceedings to all interested parties, and that the legal representative has communicated to surrender to comment and/or counterclaims; Visto l'art. 2545-l c.c. and deemed it necessary to have the forced liquidation of that company; Visto l'art. 198 Royal Decree March 16, 1942, # 267; Taking into account, in accordance with art. 9 of Act July 17, 1975, # 400, descriptions of the National Association of representation to which the Association is snug;
Decrees: Art. 1 The societa ' cooperativa "CITYCOOP-SOCIETA ' COOPERATIVA", based in Ancona (fiscal code 01218850426) is placed in receivership, according to art. 2545-l c.c. Considered the specific job requirements, as resulting from the CV, he is appointed liquidator Dr. Piero Cervantes, born in Pesaro on January 27, 1954 (CMRPRI54A27G479G), domiciled in via Saffi, # 6.