(1) A liquidator shall have the following duties:
1. To wind up pending affairs;
2. To collect debts and to repay obligations;
3. To dispose of assets for realization;
4. To distribute residual property.
(2) Where two or more liquidators exist, acts in connection with the duties of liquidation shall be determined by a resolution adopted by a majority vote of them.
(3) Liquidators who shall represent the company are authorized to do all judicial or extrajudicial acts in connection with duties set forth in paragraph (1).
(4) The provisions of Article 93 of the Civil Act shall apply mutatis mutandis to a partnership company.