Major Codes1 min read
Article 47Juridical Persons
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Upon the dissolution of corporations,
institutions and other entities for public interest or
purpose mentioned in No. 2 of article 44, their property
and other assets shall be disposed of in pursuance of law
or the charter creating them. If nothing has been
specified on this point, the property and other assets shall
be applied to similar purposes for the benefit of the
region, province, city or municipality which during the
existence of the institution derived the principal benefits
from the same. (39a)
TITLE II CITIZENSHIP AND DOMICILE
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