A meeting of the members (shareholders) of the company to be transformed shall examine a draft decision not earlier than a month after the publication regarding the attachment of the draft reorganisation decision and take a decision regarding the reorganisation.
Within 15 days of the date of taking the decision on the reorganisation, the company to be divided shall send written notice of reorganisation to all known creditors of the company. The notice to creditors regarding the reorganisation shall also be published by each company in the official publication Latvijas Vēstnesis.
The notification shall specify:
- Company firm, registration number and legal address
- Firms, registration numbers and legal addresses of other companies involved in the reorganisation
- Type of reorganisation
- The fact that a decision on reorganisation has been taken
- Place of application for claims by creditors and a time limit which may not be less than one month from the date of publication of the notice