(1) Where a bond administration company ceases to exist due to resignation or removal of the bond administration company, the company which has issued bonds shall designate another bond administration company to succeed to the affairs and shall entrust the company with affairs regarding bond administration for the bond holders. In such cases, the company shall, without delay, convene a meeting of bondholders and obtain consent thereto. <Amended by Act No. 10600, Apr. 14, 2011>
(2) If there exists any unavoidable cause, any interested person may request the court to appoint a successor to affairs regarding bond administration.