# Directive (EU) 2017/1132 of the European Parliament and of the Council of 14 June 2017 relating to certain aspects of company law (codification) (Text with EEA relevance), Article 86r: Consequences of a cross-border conversion

Extent: E+W+S+N.I.

A cross-border conversion shall, from the date referred to in Article 86q, have the following consequences:
(a) all the assets and liabilities of the company, including all contracts, credits, rights and obligations, shall be those of the converted company;
(b) the members of the company shall continue to be members of the converted company, unless they have disposed of their shares as referred to in Article 86i(1);
(c) the rights and obligations of the company arising from contracts of employment or from employment relationships and existing at the date on which the cross-border conversion takes effect shall be those of the converted company.

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Source: https://www.legislation.gov.uk/eudr/2017/1132/article/86r (the official version)
Page: https://openlegislation.uk/eu-directive-2017-1132/article-86r
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.