The company terminates on expiry of the period for which it was formed. However, the early dissolution of the company may be decided by a majority of the partners holding at least three quarters of the share capital and holding at least half of the industrial shares.
The liquidator is appointed by a majority in number of the partners holding at least half of the company shares and half of the industry shares.
Failing this, he is appointed by order of the president of the judicial court ruling in summary proceedings at the request of a partner or the public prosecutor.