(1) Books and records as well as important documents relating to the business and liquidation of a company shall be preserved for ten years after the registration of the completion of liquidation at the location of the principal office: Provided, That the slips or similar documents shall be preserved for five years. <Amended by Act No. 5053, Dec. 29, 1995>
(2) In cases falling under paragraph (1), a custodian and the methods of preservation shall be determined by a resolution adopted by a majority vote of all the members. <Amended by Act No. 5053, Dec. 29, 1995>