|Company Act Article 315Aug. 1, 2018|
A company limited by shares shall be dissolved under any of the following circumstances: "1.Upon occurrence of the cause of dissolution as specified in the Articles of Incorporation; "2.Upon achievement or non-achievement of the objective of the business undertaken by the company; "3.Upon adoption of a resolution to dissolve the company at a meeting of shareholders; "4.Where the number of shareholders of registered share certificates is less than two persons; except that the only one shareholder is a government agency or a juristic person; "5.Upon consolidation or merger with another company; "6.Upon split-up of the company; "7.Upon bankruptcy of the company; and "8.Upon rendition of a dissolution order or judgment. "Under the circumstance specified in Item 1 of the preceding paragraph, the company may continue its business operations after amendment or alteration of the Articles of Incorporation is approved by a meeting of shareholders; and under the circumstance set forth in Item 4, the company may continue its business operations by increasing the number of shareholders of registered share certificates.
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