TITLE III

WINDING-UP PROCEEDINGS
A.

Credit institutions having their head offices within the Community

Consultation of competent authorities before voluntary winding up
Article 11
1
The competent authorities of the home Member State shall be consulted in the most appropriate form before any voluntary winding-up decision is taken by the governing bodies of a credit institution.
2
The voluntary winding up of a credit institution shall not preclude the adoption of a reorganisation measure or the opening of winding-up proceedings.