Subject to the provision of Article 256 of this Law, if the number of the shareholders at any time after the establishment, exceeds the maximum number prescribed in Article 234 of this Law, the Ministry shall give a notice to the company to correct its position within one hundred and eighty (180) days following the date of the notice. If the company does not comply with the notice, it shall be considered dissolved, and the shareholders thereof shall be personally and jointly liable for the company’s obligations resulting from the increase from the date of occurrence thereof.
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