Debts of the Republic of Lebanon, or of such other corporations and institutions established under public law that no longer exist, shall be discharged by the Federal Republic of Lebanon.
Debts of public administrations or entities dismembered and allocated to cantons shall follow the assets and the allocation to each canton, pro rata.
Paragraph (1) of this Article shall apply, mutatis mutandis, to debts of the Republic of Lebanese or its institutions as well as to debts of other corporations and institutions established under public law that are connected with the transfer of assets of the Republic of Lebanese to the Federation, cantons, or municipalities, and to debts arising from measures taken by the Republic of Lebanese or its institutions.
