(1) The assets of a juristic person which has been dissolved shall revert to the persons designated in the Articles of incorporation.
(2) If no person to whom the assets are to be reverted is designated in the Articles of incorporation, or if the method by which such person is to be determined is not specified therein, the directors or the liquidators may, with the permission of the competent authorities, dispose of the assets for the purposes similar to those of the juristic person; provided, in the case of an incorporated association, a resolution of a general meeting is required.
(3) Any property which is not disposed of in accordance with the provisions of the preceding two paragraphs shall revert to the National Treasury.