Article 104. Reorganization and liquidation of a joint-stock company.
1. A joint stock company may be reorganized or liquidated voluntarily by decision of the general meeting of shareholders. Other grounds and procedure for reorganization and liquidation of a joint-stock company are determined by this Code and other laws. 2. A joint-stock company has the right to transform itself into a limited liability company or a production cooperative, as well as a non-profit organization in accordance with the law.