Abstract

This study aims to analyze the implications of legal termination of a Limited Liability Company's (PT) status concerning property assets in the form of Building Use Rights (HGB) that have not been divided. It determines the legal entity authorized to carry out certificate division actions after the company's dissolution and reviews the legal procedures involved in certificate division to ensure legal certainty for buyers. This research is normative legal research that employs a statutory regulatory approach, a conceptual approach, and a case study approach. The sources of legal materials consist of primary, secondary, and tertiary legal materials, which are analyzed using qualitative analysis techniques. 
The results indicate that the termination of the legal status of a Limited Liability Company (PT) directly impacts the Building Use Rights (HGB) assets that have not been divided. After dissolution, the PT loses its legal status and can no longer engage in legal actions, including the division and transfer of land rights. All authority to carry out these actions is transferred to the liquidator during the liquidation process, as regulated in Articles 142–152 of Law Number 40 of 2007. Thus, the division of the HGB certificate to fulfill buyer's rights becomes the sole responsibility of the liquidator. Failure to implement this can result in legal uncertainty and potential violations of the rights of third parties. The liquidator, as the company's legal representative, is responsible for managing all assets, including land and buildings, to fulfill the company’s obligations. Procedurally, the liquidator must inventory the assets, submit a certificate separation application to the Land Office, and complete all administrative obligations, ultimately leading to the publication of the new certificate. Therefore, the division of the certificate can only be carried out by the liquidator to ensure legal certainty and protection for all parties involved.