(1) The stock corporation is dissolved
1. by expiry of the time determined in the by-laws;
2. by resolution adopted by the general meeting; this requires a majority of at least three quarters of the capital stock represented at the time such resolution is adopted; the by-laws may stipulate a greater majority ratio of capital and may impose further requirements;
3. by the opening of insolvency proceedings for the assets of the company;
4. upon the court order becoming final and binding by which the opening of insolvency proceedings is refused for insufficiency of assets;
5. upon the direction issued by the court of registration becoming final and binding by which a deficiency of the by-laws has been established pursuant to section 399 of the Act on Proceedings in Family Matters and in Matters of Non-contentious Jurisdiction;
6. by striking the company from the register for lack of assets pursuant to section 394 of the Act on Proceedings in Family Matters and in Matters of Non-contentious Jurisdiction.
(2) This Division applies also if the stock corporation is dissolved on other grounds.