1. The One Person Company (OPC) shall be dissolved upon the death or termination of the founding natural or legal person. However, the One Person Company (OPC) shall not be terminated upon the death of the natural person if the heirs decide to continue the Company after adjusting its legal position in accordance with the provisions of this Decree Law. The heirs shall then select a person to manage the Company on their behalf, within six [6] months after the date of death. 2. If the owner of a One Person Company (OPC) liquidates the Company or suspends its activities in bad faith prior to the expiry of its term or the fulfillment of the objects for which it was established as set out under its MOA, the owner shall be liable for its obligations from his own assets.
Interpretation and application must be checked against the official text and current version.