The composition court may stipulate in the moratorium authorisation that the alienation or encumbrance of immovable property, the creation of pledges, the granting of sureties, the making of gratuitous dispositions and the making of payments on debts that arose prior to the moratorium is only valid with the consent of the commissioner or, if no such commissioner has been appointed, the composition court. However, this authorisation shall not be required for the payment of second-class debts under Article 219 paragraph 4 or for instalment payments under Article 339 paragraph 4.
If the composition court attaches this reservation to the moratorium authorisation, it must be included in the public notice and the moratorium must be noted in the land register as a restriction on disposal.
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