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Part 2 · Provisions for direct insurance and reinsurance  ›  Chapter 4 · Mutual insurance associations › Section 198

Dissolution of the association

The association is dissolved: 1. by expiry of the period specified in the articles of association, 2. by resolution of the highest representative body, 3. by the opening of insolvency proceedings over the association's assets, or 4. upon the resolution refusing to open insolvency proceedings for lack of assets becoming final.

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