Page:The Civil code of Japan (IA cu31924069576704).pdf/39

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69.

Except as otherwise provided in the articles of association, an association can be dissolved by a resolution to dissolve only if at least three fourths of all members concur in such resolution.

70.

If a juridical person becomes unable to meet its obligations in full, the court upon the application of its managers or of any creditor[1] or of its own motion must make an adjudication of bankruptcy.

In such case the managers must apply immediately for an adjudication of bankruptcy.

71.

If a juridical person carries on undertakings which are beyond the scope of its object, or violates the conditions under which permission for its creation was granted, or does acts which might be injurious to the public interests, the competent authorities may revoke such permission.

72.

The property of a juridical person which has been dissolved goes to the persons designated in the articles of association or the act of endowment.

If in the articles of association or the act of endowment the persons to whom the property shall go have not been designated, or no way of designating them has been provided, the managers may with the permission of the competent public authorities dispose of

  1. ↑ For the meaning of “creditor” see Art. 400.
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