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Article 315
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A company limited by shares shall be dissolved under any of the following circumstances:
- Upon occurrence of the cause of dissolution as specified in the Articles of Incorporation;
- Upon achievement or non-achievement of the objective of the business undertaken by the company;
- Upon adoption of a resolution to dissolve the company at a meeting of shareholders;
- 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;
- Upon consolidation or merger with another company;
- Upon split-up of the company;
- Upon bankruptcy of the company; and
- 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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