COLOMBIAN COMMERCIAL CODE CHAPTER IX Dissolution of society Article 218 .- The trading company is dissolved: 1. Expiration of the time period provided for in the contract, if it is not validly extended before it expires; 2. For failure to develop social enterprise, the termination thereof or the extinction of the thing or things whose exploitation is its object; 3. By reducing the number of partners required to under the law for their training or performance, or rise that exceeds the ceiling set in the law; 4. Repealed. Act 222 of 1995, Section 151, Number 3. 3. 5. On the grounds that expressly and clearly stipulated in the contract; 6. By decision of members, adopted under the laws and the social contract; 7. By decision of competent authority in the cases expressly provided by law, and 8. For other reasons established by law, in relation to all or some of the types of companies regulated by this Code. Article 219 .-...