The registration of a bonded transportation business entity, etc. under Article 222 (1) shall be invalidated, if it falls under any of the following subparagraphs:
1. Where the bonded transportation business entity, etc. discontinues its business;
2. Where the bonded transportation business entity, etc. is deceased (in cases of a corporation, where it is dissolved);
3. Where the effective period of its registration under Article 222 (5) expires;
4. Where its registration is revoked pursuant to Article 224 (1).[This Article Newly Inserted on Dec. 19, 2017]