Section Code: 1073 - 1076
Thai Civil and Commercial Code
PARTNERSHIPS AND COMPANIES
Part 6: Amalgamation of Registered Partnerships
Section 1073. Amalgamation Partnership
A registered partnership may amalgamate with another registered partnership with the consent of all the partners, unless there be an agreement providing otherwise.
Section 1074. Publish Twice and Notice to Creditors
When a registered partnership has decided to amalgamate, the partnership must publish twice at least in a local paper and send to all creditors known to the partnership a notice of the proposed amalgamation requiring the creditors to present within three months from the date of notice any objection the may have to it.
If no objection is raised during such period, none is deemed to exist.
If an objection is raised, the partnership may not proceed with the amalgamation unless it has satisfied the claim given a security for it.
Section 1075. Registration of New Partnership
When the amalgamation has been made it shall be the duty of each of the partnership to cause the amalgamation to be registered as a new partnership.
Section 1076. New Partnership
The new partnership is entitled to the rights and subject to the liabilities of the amalgamated partnership.