(1) Where the Administrator of the Office of Court Administration has given public notice in the Official Gazette, requiring any company whose last registration was made five years ago to make a report to the effect that it has not closed its business to the court with jurisdiction over the place of its principal office, if a company for which five years has already lapsed since its last registration as of the date of public notice fails to report within two months from the date of public notice in accordance with Presidential Decree, the company shall be deemed to have been dissolved at the expiration of the period set for such a report: Provided, That it shall not apply where the company has filed for registration within the period.
(2) In cases of public notice under paragraph (1), the court shall also give the relevant company separate notice informing that such public notice has been given.
(3) A company deemed to have been dissolved pursuant to paragraph (1) may continue as a company by a resolution under Article 434 for up to three years thereafter.
(4) If a company deemed to have been dissolved pursuant to paragraph (1) does not continue as a company in accordance with paragraph (3), it shall be deemed to have been liquidated upon expiration of the period of the above three years.[This Article Newly Inserted Act No. 3724, Apr. 10, 1984]