(1) A merger of companies shall be permissible.
(2) In cases where one or both sides of the companies to be merged is a stock company, limited company or limited liability company, the surviving company or the newly incorporated company as a result of the merger must be a stock company, limited company or limited liability company. <Amended by Act No. 10600, Apr. 14, 2011>
(3) A company after its dissolution may be involved only in a merger whereby it is merged into an existing company and the latter company survives after merger.