Laws › Business, Investment & Tax
Commercial Act
상법
This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.
Articles
- PART I GENERAL PROVISIONS
- CHAPTER I COMMON PROVISIONS
- Article 1 Applicable Rules to Commercial Matters
- Article 2 Commercial Activities of Public Corporations
- Article 3 Unilateral Commercial Activities
- CHAPTER II MERCHANTS
- Article 4 Merchant-by Nature of Business
- Article 5 Merchant-by Legal Construction
- Article 6 Business of Minors and Registration thereof
- Article 7 Minors and General Partners
- Article 8 Representation of Business by Legal Representatives
- Article 9 Petty Merchants
- CHAPTER III COMMERCIAL EMPLOYEES
- Article 10 Appointment of Managers
- Article 11 Rights of Representation by Managers
- Article 12 Co-managers
- Article 13 Registration of Managers
- Article 14 Apparent Managers
- Article 15 Employee with Partial Comprehensive Agency Authority
- Article 16 Employees of Stores Selling Goods
- Article 17 Obligations of Commercial Employees
- CHAPTER IV TRADE NAMES
- Article 18 Free Choice of Trade Name
- Article 19 Trade Name of Company
- Article 20 Prohibition of Illegal Use of Trade Name of Company
- Article 21 Unitary Trade Name
- Article 22 Legal Effects of Registration of Trade Name
- Article 22-2 Provisional Registration of Trade Name
- Article 23 Prohibition of Use of Trade Names Causing Misconception on Ownership of Business
- Article 24 Liability of Persons who have Lent their Names
- Article 25 Transfer of Trade Name
- Article 26 Legal Effects of Non-Use of Trade Name
- Article 27 Requests for Cancellation of Registration of Trade Name
- Article 28 Penalties for Illegal Use of Trade Name
- CHAPTER V TRADE BOOKS
- Article 29 Types of, and Principles for Preparation of, Trade Books
- Article 30 Methods of Preparing Trade Books
- Article 31 null
- Article 32 Submission of Trade Books
- Article 33 Preservation of Trade Books, etc.
- CHAPTER VI COMMERCIAL REGISTRATION
- Article 34 General Rules
- Article 34-2 null
- Article 35 Registration in Localities of Branch Offices
- Article 36 null
- Article 37 Effects of Registration
- Article 38 Legal Effects of Registration in Localities of Branch Offices
- Article 39 False Registration
- Article 40 Registration of Changes or Extinguishment
- CHAPTER VII TRANSFER OF BUSINESS
- Article 41 Prohibition of Competition by Transferor of Business
- Article 42 Liability of Business Transferee who Continues to Use Trade Name
- Article 43 Repayment to Business Transferee
- Article 44 Liability of Business Transferee who has Made Public His/Her Assumption of Obligations
- Article 45 Duration of Liability of Business Transferor
- PART II COMMERCIAL ACTIVITIES
- CHAPTER I COMMON PROVISIONS
- Article 46 Basic Commercial Activities
- Article 47 Appendage Commercial Activities
- Article 48 Methods of Agency
- Article 49 Entrustment
- Article 50 Continuation of Agency Rights
- Article 51 Binding Effect of Offer of Contract Inter Presentes
- Article 52 null
- Article 53 Duty of Notification of Acceptance or Rejection of Offer
- Article 54 Statutory Interest Rate in Commercial Activities
- Article 55 Claim for Statutory Interest
- Article 56 Places of Performance of Obligations Arising out of Transactions at Branch Offices
- Article 57 Joint and Several Obligations among Multiple Obligors, or between Obligor and Guarantor
- Article 58 Mercantile Liens
- Article 59 Permission of Foreclosure Agreement
- Article 60 Duty to Keep Goods
- Article 61 Merchant's Right to Demand Remuneration
- Article 62 Responsibility of Merchants who Accepted Deposit of Goods
- Article 63 Transaction Hours and Performance of Obligation or Demand therefor
- Article 64 Statute of Limitations for Commercial Claims
- Article 65 Securities and Provisions Applicable Mutatis Mutandis
- Article 66 Quasi Commercial Activities
- CHAPTER II SALE
- Article 67 Rights of Sellers for Deposit and Auction of Subject Matters
- Article 68 Rescission of Contract for Sale at Fixed Time
- Article 69 Buyers' Duties to Inspect Subject Matters and to Notify Defects
- Article 70 Buyers' Duties to Keep or Deposit Subject Matters
- Article 71 Idem-Cases such as Excess Quantity
- CHAPTER III ACCOUNT CURRENT
- Article 72 Definition
- Article 73 Special Provisions concerning Claims and Obligations Represented by Commercial Papers
- Article 74 Period of Account Current
- Article 75 Approval of and Objections to Statement of Account
- Article 76 Statutory Interest on Credit Balance
- Article 77 Termination
- CHAPTER IV UNDISCLOSED ASSOCIATION
- Article 78 Definition
- Article 79 Investments by Association Members
- Article 80 External Relations of Association Members
- Article 81 Liability Based on Consent to Use Association Member Name or Trade Name
- Article 82 Dividend of Profits and Bearing Losses
- Article 83 Termination of Contracts
- Article 84 Natural Reasons for Contract Termination
- Article 85 Legal Effects of Termination of Contracts
- Article 86 Provisions Applicable Mutatis Mutandis
- CHAPTER IV-2 LIMITED PARTNERSHIP
- Article 86-2 Definition
- Article 86-3 Partnership Agreements
- Article 86-4 Registration
- Article 86-5 General Partners
- Article 86-6 Liability of Limited Partners
- Article 86-7 Transfer of Partner's Share
- Article 86-8 Provisions Applicable Mutatis Mutandis
- Article 86-9 Administrative Fines
- CHAPTER V COMMERCIAL AGENTS
- Article 87 Definition
- Article 88 Duty of Notification
- Article 89 Prohibition of Competition
- Article 90 Authority to Receive Notice
- Article 91 Lien of Commercial Agents
- Article 92 Termination of Contracts
- Article 92-2 Commercial Agents' Right to Request Compensation
- Article 92-3 Duty of Commercial Agents to Keep Trade Secrets
- CHAPTER VI BROKERAGE
- Article 93 Definition
- Article 94 Brokers' Authority to Receive Payment on behalf of Parties
- Article 95 Duty to Retain Samples
- Article 96 Duty to Deliver Contract Documents
- Article 97 Duty to Maintain Books
- Article 98 Duty to Remain Silent about Name or Trade Name
- Article 99 Brokers’ Obligations
- Article 100 Right to Demand Remuneration
- CHAPTER VII COMMISSION AGENCY
- Article 101 Definition
- Article 102 Status of Commission Agents
- Article 103 Ownership of Goods Consigned
- Article 104 Duty to Notify Sale or Purchase and to Submit Statement of Account
- Article 105 Liability of Commission Agents to Secure Performance
- Article 106 Duty to Observe Designated Price
- Article 107 Commission Agents' Right of Intervention
- Article 108 Effects of Damage or Defects, etc. in Consigned Goods
- Article 109 Right to Place Goods in Public Depository or on Auction
- Article 110 Cases Where Consignor of Purchase is Merchant
- Article 111 Provisions Applicable Mutatis Mutandis
- Article 112 Application of Provisions concerning Mandate
- Article 113 Quasi-Commission Agents
- CHAPTER VIII FORWARDING AGENT BUSINESS
- Article 114 Definition
- Article 115 Liability for Damages
- Article 116 Right of Intervention
- Article 117 Subrogation of Interceding Forwarding Agents
- Article 118 Acquisition of Carriers' Rights
- Article 119 Right to Demand Remuneration
- Article 120 Liens
- Article 121 Statute of Limitations for Liability of Forwarding Agents
- Article 122 Statute of Limitations for Claims of Forwarding Agents
- Article 123 Provisions Applicable Mutatis Mutandis
- Article 124 Idem
- CHAPTER IX CARRIAGE BUSINESS
- Article 125 Definition
- SECTION 1 Carriage of Goods
- Article 126 Waybills
- Article 127 Liability for False Entries in Waybills
- Article 128 Delivery of Bills of Lading
- Article 129 Exchangeability of Bills of Lading
- Article 130 Bills of Lading as Instrument to Order
- Article 131 Legal Effects of Entries in Bills of Lading
- Article 132 Bill of Lading-Disposition of Goods
- Article 133 Bill of Lading-Property Rights' Legal Effects
- Article 134 Loss of Goods and Freight Charges
- Article 135 Liability for Damages
- Article 136 Liability for Valuables
- Article 137 Amount of Damages
- Article 138 Joint and Several Liability and Right of Recourse of Successive Carriers
- Article 139 Right to Demand Disposition of Goods
- Article 140 Status of Consignees
- Article 141 Duty of Consignees
- Article 142 Right to Deposit or to Refer to Auction in Cases where Consignee is Unknown
- Article 143 In Cases of Refusal to Receive Goods or where Receipt is Impossible
- Article 144 Public Notification
- Article 145 Provisions Applicable Mutatis Mutandis
- Article 146 Statute of Limitations for Carriers' Liability
- Article 147 Provisions Applicable Mutatis Mutandis
- SECTION 2 Carriage of Passengers
- Article 148 Liability for Damages to Passengers
- Article 149 Liability for Luggage Delivered to Carriers
- Article 150 Liability for Luggage not Delivered to Carriers
- CHAPTER X HOSPITALITY BUSINESS
- Article 151 Definition
- Article 152 Liability of Hospitality Service Providers
- Article 153 Liability for Valuables
- Article 154 Statute of Limitations for Liability of Hospitality Service Providers
- CHAPTER XI WAREHOUSING
- Article 155 Definition
- Article 156 Issuance of Warehouse Receipts
- Article 157 Provisions Applicable Mutatis Mutandis
- Article 158 Demand for Warehouse Receipt concerning Portion of Goods Divided
- Article 159 Pledges by Warehouse Receipt and Removing Portion of Goods from Warehouse
- Article 160 Liability for Damage
- Article 161 Right of Inspection of Deposited Goods, Taking Samples and Disposition for Preservation
- Article 162 Right to Demand Storage Charges for Storage
- Article 163 Storage Periods
- Article 164 Storage Period-Unavoidable Circumstances
- Article 165 Provisions Applicable Mutatis Mutandis
- Article 166 Statute of Limitations for Liability of Warehouse Business Entities
- Article 167 Statute of Limitations for Claims of Warehouse Business Entities
- Article 168 Provisions Applicable Mutatis Mutandis
- CHAPTER XII FINANCIAL LEASE BUSINESS
- Article 168-2 Definition
- Article 168-3 Duties of Financial Lease Business Entities and Financial Lessees
- Article 168-4 Duties of Suppliers
- Article 168-5 Cancellation of Financial Lease Agreements
- CHAPTER XIII FRANCHISE BUSINESS
- Article 168-6 Definition
- Article 168-7 Duties of Franchisors
- Article 168-8 Duties of Franchisees
- Article 168-9 Transfer of Business by Franchisees
- Article 168-10 Cancellation of Agreements
- CHAPTER XIV BONDS PURCHASING BUSINESS
- Article 168-11 Definition
- Article 168-12 Claims for Redemption by Bonds Purchasing Business Entities
- PART III COMPANY
- CHAPTER I COMMON PROVISIONS
- Article 169 Definition of Company
- Article 170 Types of Companies
- Article 171 Address of Company
- Article 172 Incorporation of Company
- Article 173 Restrictions on Legal Capacity
- Article 174 Merger of Companies
- Article 175 Idem-Incorporation Member
- Article 176 Dissolution Order against Company
- Article 177 Starting Point of Calculation of Registration Period
- CHAPTER II PARTNERSHIP COMPANY
- SECTION 1 Incorporation
- Article 178 Drawing up of Articles of Incorporation
- Article 179 Matters Absolutely Required to be Entered in Articles of Incorporation
- Article 180 Registration for Incorporation
- Article 181 Registration for Establishment of Branch Offices
- Article 182 Registration of Transfer of Principal Office and Branch Offices
- Article 183 Registration of Changes
- Article 183-2 Registration of Temporary Disposition, etc. for Suspension of Business Management
- Article 184 Lawsuits for Nullification or Revocation of Incorporation
- Article 185 Lawsuits for Revocation of Incorporation by Creditors
- Article 186 Exclusive Jurisdiction
- Article 187 Public Notice of Filing of Lawsuits
- Article 188 Combined Hearings of Lawsuits
- Article 189 Correction of Defects and Dismissal of Lawsuits
- Article 190 Legal Effects of Judgments
- Article 191 Liability for Losing Plaintiffs
- Article 192 Registration of Nullification or Revocation of Incorporation
- Article 193 Effects of Judgment Confirming Nullification or Revocation of Incorporation
- Article 194 Nullification or Revocation of Incorporation and Continuation of Company
- SECTION 2 Internal Relationship of Company
- Article 195 Provisions Applicable Mutatis Mutandis
- Article 196 Investment Contributions via Credits
- Article 197 Transfer of Equity Interest
- Article 198 Prohibition of Competition by Members
- Article 199 Self-Transactions of Members
- Article 200 Rights and Obligations of Business Management
- Article 200-2 Authority of Representatives
- Article 201 Managing Members
- Article 202 Joint Managing Members
- Article 203 Appointment and Dismissal of Managers
- Article 204 Amendment of Articles of Incorporation
- Article 205 Adjudication on Forfeiture of Power against Managing Members
- Article 206 Provisions Applicable Mutatis Mutandis
- SECTION 3 External Relationship of Company
- Article 207 Representative of Company
- Article 208 Joint Representatives
- Article 209 Authority of Representative Members
- Article 210 Liability for Damage
- Article 211 Representatives in Lawsuits between Company and Members
- Article 212 Liability of Members
- Article 213 Liability of New Members
- Article 214 Defenses of Members
- Article 215 Liability of Members by Estoppel
- Article 216 Provisions Applicable Mutatis Mutandis
- SECTION 4 Withdrawal of Members
- Article 217 Members' Right to Withdraw from Company
- Article 218 Reasons for Withdrawal of Members
- Article 219 Notice of Succession to Rights at Death of Members
- Article 220 Adjudication on Expulsion
- Article 221 Settlement of Accounts between Expelled Members and Company
- Article 222 Refund of Equity Interest
- Article 223 Seizure on Equity Interest
- Article 224 Requests for Withdrawal of Members by Creditors who Seized Members' Equity Interest
- Article 225 Liability of Withdrawn Members
- Article 226 Withdrawn Members' Right to Demand Change in Corporate Name
- SECTION 5 Dissolution of Company
- Article 227 Reasons for Dissolution
- Article 228 Registration of Dissolution
- Article 229 Continuation of Company
- Article 230 Resolution for Merger
- Article 231 null
- Article 232 Objections by Creditors
- Article 233 Registration of Merger
- Article 234 Effectuation of Merger
- Article 235 Legal Effects of Merger
- Article 236 Filing of Lawsuit for Nullification of Merger
- Article 237 Provisions Applicable Mutatis Mutandis
- Article 238 Registration of Nullification of Merger
- Article 239 Final Judgment of Nullification and Attribution of Rights and Obligations of Companies
- Article 240 Provisions Applicable Mutatis Mutandis
- Article 241 Requests for Dissolution by Members
- Article 242 Organizational Change
- Article 243 Registration of Organizational Change
- Article 244 Liability of Persons who Have Become Limited Partners as a result of Organizational Change
- SECTION 6 Liquidation
- Article 245 Companies in Process of Liquidation
- Article 246 In Cases where Several Successors of Equity Interest Exist
- Article 247 Voluntary Liquidation
- Article 248 Voluntary Liquidation and Protection of Creditors
- Article 249 Protection of Creditors who have Seized Equity Interest
- Article 250 Statutory Liquidation
- Article 251 Liquidators
- Article 252 Liquidators Appointed by Court
- Article 253 Registration of Liquidators
- Article 254 Duties and Powers of Liquidators
- Article 255 Representation of Company by Liquidators
- Article 256 Duties of Liquidators
- Article 257 Transfer of Business
- Article 258 Incapacity to Fully Repay Obligations and Requests for Investment
- Article 259 Repayment of Obligations
- Article 260 Distribution of Residual Property
- Article 261 Removal of Liquidators
- Article 262 Idem
- Article 263 Completion of Duties of Liquidators
- Article 264 Registration of Completion of Liquidation
- Article 265 Provisions Applicable Mutatis Mutandis
- Article 266 Preservation of Books and Documents
- Article 267 Statute of Limitations for Members' Liability
- CHAPTER III LIMITED PARTNERSHIP COMPANY
- Article 268 Organization of Company
- Article 269 Provisions Applicable Mutatis Mutandis
- Article 270 Matters Absolutely Required to be Entered in Articles of Incorporation
- Article 271 Matters Requiring Registration
- Article 272 Investment by Limited Partners
- Article 273 Rights and Obligations of Business Management
- Article 274 Appointment and Dismissal of Managers
- Article 275 Freedom of Competition for Limited Partners
- Article 276 Transfer of Equity Interest of Limited Partners
- Article 277 Right of Inspection of Limited Partners
- Article 278 Prohibition of Management and Representation by Limited Partners
- Article 279 Liability of Limited Partners
- Article 280 Liability in Cases of Capital Investment Reduction
- Article 281 Liability of General Partners by Estoppel
- Article 282 Liability of Members whose Liability Has been Changed
- Article 283 Death of Limited Partners
- Article 284 Commencement of Adult Guardianship against Limited Partners
- Article 285 Dissolution and Continuation of Company
- Article 286 Organizational Change
- Article 287 Liquidators
- CHAPTER III-2 LIMITED LIABILITY COMPANY
- SECTION 1 Incorporation
- Article 287-2 Preparation of Articles of Incorporation
- Article 287-3 Matters Required to be Entered in Articles of Incorporation
- Article 287-4 Investment upon Incorporation
- Article 287-5 Registration for Incorporation, etc.
- Article 287-6 Provisions Applicable Mutatis Mutandis
- SECTION 2 Internal Relationship of Limited Liability
- Article 287-7 Liability of Members
- Article 287-8 Transfer of Equity Interest
- Article 287-9 Prohibition of Acquisition by Transfer of Equity Interest by Limited Liability Company
- Article 287-10 Prohibition of Competition by Managers
- Article 287-11 Transactions between Managers and Limited Liability Company
- Article 287-12 Performance of Business Affairs
- Article 287-13 Rights, etc. of Representative of Manager
- Article 287-14 Rights to Inspection of Limited Partners
- Article 287-15 Special Provisions in Cases Where Manager is Corporation
- Article 287-16 Amendment to Articles of Incorporation
- Article 287-17 Adjudication on Forfeiture of Power against Manager, etc.
- Article 287-18 Provisions Applicable Mutatis Mutandis
- SECTION 3 External Relationship of Limited Liability Company
- Article 287-19 Representation of Limited Liability Company
- Article 287-20 Liability for Damages
- Article 287-21 Lawsuits between Limited Liability Company and Members
- Article 287-22 Representative Lawsuits by Members
- SECTION 4 Admission and Withdrawal of Members
- Article 287-23 Admission of Members
- Article 287-24 Members' Right to Withdraw from Company
- Article 287-25 Reasons for Withdrawal of Members
- Article 287-26 Notice of Succession to Rights upon Death of Member
- Article 287-27 Adjudication on Expulsion
- Article 287-28 Return of Equity Interest of Withdrawn Members
- Article 287-29 Withdrawal of Members by Creditors who Seized Members' Equity Interest
- Article 287-30 Refund of Equity Interest of Withdrawn Members and Creditors' Interests
- Article 287-31 Withdrawn Members' Right to Demand Change in Corporate Name
- SECTION 5 Accounting, etc.
- Article 287-32 Accounting Principles
- Article 287-33 Preparation and Retainment of Financial Statements
- Article 287-34 Retaining and Disclosure of Financial Statements
- Article 287-35 Capital Amount
- Article 287-36 Reduction of Capital Amount
- Article 287-37 Distribution of Surplus
- SECTION 6 Dissolution
- Article 287-38 Grounds for Dissolution
- Article 287-39 Registration of Dissolution
- Article 287-40 Continuation of Limited Liability Company
- Article 287-41 Mergers of Limited Liability Companies
- Article 287-42 Requests for Dissolution
- SECTION 7 Organizational Changes
- Article 287-43 Organizational Changes
- Article 287-44 Provisions Applicable Mutatis Mutandis
- SECTION 8 Liquidation
- Article 287-45 Liquidation
- CHAPTER IV STOCK COMPANY
- SECTION 1 Incorporation
- Article 288 Incorporators
- Article 289 Preparation of Articles of Incorporation, Matters Absolutely Required to be Entered in Articles of Incorporation
- Article 290 Particulars of Exceptional Incorporation
- Article 291 Determination of Matters concerning Issuance of Shares at Time of Incorporation
- Article 292 Effectuation of Articles of Incorporation
- Article 293 Subscription to Shares by Incorporator
- Article 294 null
- Article 295 Payment of Subscription Price and Performance of Investment in Kind in Incorporation by Incorporators
- Article 296 Appointment of Executive Officers in Incorporation by Incorporators
- Article 297 Preparation of Minutes by Incorporators
- Article 298 Investigations and Reporting by Directors and Auditors, and Requests for Appointment of Inspectors
- Article 299 Investigation and Reporting by Inspectors
- Article 299-2 Certification of Investments in Kind, etc.
- Article 300 Disposition of Alteration by Court
- Article 301 Invitation to Subscription in Cases of Incorporation by Subscription
- Article 302 Application for Share Subscription and Matters Required to be Entered in Share Subscription Form
- Article 303 Duties of Subscribers
- Article 304 Notice or Peremptory Notice to Subscribers, etc.
- Article 305 Payment of Subscription Price for Shares
- Article 306 Change of Depository, etc. of Payment
- Article 307 Procedures for Forfeiture of Subscriber's Rights
- Article 308 Inaugural General Meetings
- Article 309 Resolutions of Inaugural General Meetings
- Article 310 Inspection in Cases of Exceptional Incorporation
- Article 311 Reporting by Incorporators
- Article 312 Appointment of Executive Officers
- Article 313 Inspection and Reporting by Directors and Auditors
- Article 314 Changes in Matters concerning Exceptional Incorporation
- Article 315 Claims for Damages against Incorporators
- Article 316 Resolutions for Amending Articles of Incorporation and Discontinuing Incorporation
- Article 317 Registration for Incorporation
- Article 318 Certification and Liability by Depository for Subscription Price Paid
- Article 319 Transfer of Potential Shares
- Article 320 Restrictions on Asserting Invalidation or Cancellation of Share Subscription
- Article 321 Liability of Incorporators for Subscription and Security for Payment
- Article 322 Liability of Incorporators for Damages
- Article 323 Joint and Several Liability of Incorporators and Executive Officers
- Article 324 Release of Incorporators from Liability and Representative Suits by Shareholders
- Article 325 Liability of Inspectors for Damages
- Article 326 Liability of Incorporators where Company Fails to Come into Existence
- Article 327 Liability of Promoters
- Article 328 Lawsuit for Invalidation of Incorporation
- SECTION 2 Shares
- Sub-Section 1 Shares and Share Certificates
- Article 329 Formation of Capital
- Article 329-2 Share Split
- Article 330 Restrictions on Issuance of Shares below Par
- Article 331 Liability of Shareholders
- Article 332 Liability of Persons who Subscribed to Shares Using False Name or Another Person's Name
- Article 333 Co-ownership of Shares
- Article 334 null
- Article 335 Transferability of Shares
- Article 335-2 Requests for Approval of Transfers
- Article 335-3 Requests for Designation of Alternative Transferee
- Article 335-4 Requests for Sale by Designated Transferee
- Article 335-5 Determination of Sale Price
- Article 335-6 Request for Purchase by Shareholders
- Article 335-7 Request for Approval by Transferee of Shares
- Article 336 Methods of Transfer of Shares
- Article 337 Requirements to Assert Effect of Transfer of Shares
- Article 338 Pledging of Shares
- Article 339 Subrogation of Pledge
- Article 340 Registered Pledge of Shares
- Article 340-2 Stock Option
- Article 340-3 Granting Stock Option
- Article 340-4 Exercise of Stock Option
- Article 340-5 Provisions Applicable Mutatis Mutandis
- Article 341 Acquisition of Treasury Shares
- Article 341-2 Acquisition of Treasury Shares for Particular Purposes
- Article 341-3 Creation of Pledges on Treasury Shares
- Article 342 Disposal of Treasury Shares
- Article 342-2 Acquisition of Parent Company's Shares by Subsidiary Company
- Article 342-3 Acquisition of Another Company's Shares
- Article 343 Retirement of Shares
- Article 343-2 null
- Article 344 Different Classes of Shares
- Article 344-2 Different Classes of Shares concerning Profit Dividends, Distribution of Surplus Assets
- Article 344-3 Different Classes of Shares concerning Exclusion/Limit of Voting Rights
- Article 345 Different Classes of Shares concerning Redemption of Shares
- Article 346 Different Classes of Shares concerning Conversion of Shares
- Article 347 Procedures for Issuance of Convertible Shares
- Article 348 Issuance Price of Shares to be Issued as a result of Conversion
- Article 349 Request for Conversion
- Article 350 Effectuation of Conversion
- Article 351 Registration of Conversion
- Article 352 Matters to Be Entered in Register of Shareholders
- Article 352-2 Electronic Register of Shareholders
- Article 353 Legal Effects of Register of Shareholders
- Article 354 Closure of Register of Shareholders and Record Date
- Article 355 Timing for Issuing Share Certificates
- Article 356 Matters Required to Be Entered in Share Certificates
- Article 356-2 Electronic Registration of Shares
- Article 357 null
- Article 358 null
- Article 358-2 Non-Possession of Share Certificates
- Article 359 Bona Fide Acquisition of Share Certificates
- Article 360 Judgment of Nullification and Re-issuance of Share Certificates
- Sub-Section 2 All-Inclusive Share Swap
- Article 360-2 Incorporation of Wholly Owning Parent Company by All-inclusive Share Swap
- Article 360-3 Preparation of Contracts for Share Swap and Approval from General Meeting of Shareholders, and Special Rules in Cases Where Consideration for Share Swap is Shares of Parent Company
- Article 360-4 Disclosure of Share Swap Agreements
- Article 360-5 Appraisal Rights of Dissenting Shareholders
- Article 360-6 null
- Article 360-7 Limit of Capital Increase by Wholly Owning Parent Company
- Article 360-8 Procedures for Invalidation of Share Certificates
- Article 360-9 Simplified Share Swaps
- Article 360-10 Small-Scale Share Swaps
- Article 360-11 Mutatis Mutandis Application of Regulations for Fractional Shares, etc.
- Article 360-12 Disclosure of Documents Stating Matters on Share Swap after Share Swap
- Article 360-13 Term of Office of Directors and Auditors of Wholly Owning Parent Companies
- Article 360-14 Lawsuit for Invalidation of Share Swap
- Sub-Section 3 All-Inclusive Transfer of Shares
- Article 360-15 Establishment of Wholly Owning Parent Company Based on All-inclusive Share Transfer
- Article 360-16 Approval for Share Transfer by General Meeting of Shareholders
- Article 360-17 Disclosure of Documents Such as Plans for Share Transfer, etc.
- Article 360-18 Maximum Amount of Equity Capital of Wholly Owning Parent Company
- Article 360-19 Procedures for Invalidation of Share Certificates
- Article 360-20 Registration after Share Transfer
- Article 360-21 Effective Date of Share Transfer
- Article 360-22 Mutatis Mutandis Application of Provisions on Share Transfer
- Article 360-23 Lawsuit for Invalidation of Share Transfer
- Sub-Section 4 Controlling Shareholders' Acquisition of All Shares Owned by Minority Shareholders
- Article 360-24 Controlling Shareholders' Rights to Request Sale
- Article 360-25 Appraisal Rights of Minority Shareholders
- Article 360-26 Transfer of Shares, etc.
- SECTION 3 Organs of Company
- Sub-Section 1 General Meeting of Shareholders
- Article 361 Authority of General Meeting of Shareholders
- Article 362 Decision of Convocation
- Article 363 Notice of Convocation
- Article 363-2 Shareholders' Rights to Make Proposals
- Article 364 Place for Convocation
- Article 365 Convocation of General Meetings
- Article 366 Requests for Convocation by Minority Shareholders
- Article 366-2 Maintenance of Order at General Meetings of Shareholders
- Article 367 Appointment of Inspectors
- Article 368 Methods of Adopting Resolutions and Exercise of Voting Rights
- Article 368-2 Exercise of Voting Rights in Disunity
- Article 368-3 Exercise of Voting Rights in Writing
- Article 368-4 Exercise of Voting Rights by Electronic Means
- Article 369 Voting Rights
- Article 370 null
- Article 371 Computation of Quorum and Number of Votes
- Article 372 Resolution to Adjourn or Continue General Meeting of Shareholders
- Article 373 Minutes of General Meeting
- Article 374 Transfer, Takeover or Lease of Business
- Article 374-2 Appraisal Rights of Dissenting Shareholders
- Article 374-3 Simplified Transfer, Acquisition, Lease, etc. of Business
- Article 375 Post-Formation Acquisition
- Article 376 Lawsuit for Revocation of Resolutions
- Article 377 Duty to Provide Security of Shareholder Filing Lawsuit
- Article 378 Registration of Revocation of Resolutions
- Article 379 Court’s Dismissal of Claims at Discretion
- Article 380 Lawsuit Seeking Confirmation of Non-validity or Non-existence of Resolution
- Article 381 Lawsuit Seeking Revocation or Alteration of Improper Resolution
- Sub-Section 2 Directors and Board of Directors
- Article 382 Appointment of Directors, Relationship with Company and Outside Directors
- Article 382-2 Cumulative Voting
- Article 382-3 Duty of Loyalty by Directors
- Article 382-4 Directors’ Duty of Confidentiality
- Article 383 Number, Term of Office
- Article 384 null
- Article 385 Removal
- Article 386 Vacancies
- Article 387 Qualification Shares
- Article 388 Remuneration for Directors
- Article 389 Representative Director
- Article 390 Convocation of Board of Directors' Meetings
- Article 391 Methods of Resolution by Board of Directors
- Article 391-2 Auditor's Power to Attend Board of Directors’ Meeting and State Opinions
- Article 391-3 Minutes of Board of Directors' Meeting
- Article 392 Postponement and Continuation of Board of Directors’ Meeting
- Article 393 Authority of Board of Directors
- Article 393-2 Committees within Board of Directors
- Article 394 Representatives in Lawsuits between Company and Directors
- Article 395 Acts of Apparent Representative Directors and Liability of Company
- Article 396 Obligation to Retain and Disclose Articles of Incorporation, etc.
- Article 397 Prohibition of Competition
- Article 397-2 Prohibition of Appropriation of Company's Opportunities and Assets
- Article 398 Transactions between Directors, etc. and Company
- Article 399 Liability to Company
- Article 400 Release of Liability to Company
- Article 401 Liability to Third Parties
- Article 401-2 Liability of Person who Instructs Another Person to Conduct Business, etc.
- Article 402 Rights to Injunction
- Article 403 Representative Suits by Shareholders
- Article 404 Representative Suits and Intervention, and Notice of Lawsuits
- Article 405 Rights and Obligations of Shareholders Filing Lawsuits
- Article 406 Representative Suits and Lawsuits for Retrial
- Article 407 Suspension of Performance of Duties and Appointment of Acting Directors
- Article 408 Powers of Acting Directors
- Article 408-2 Companies with Executive Directors, Relationships between Executive Directors and Companies
- Article 408-3 Term of Office of Executive Directors
- Article 408-4 Powers of Executive Directors
- Article 408-5 Representative Executive Directors
- Article 408-6 Executive Directors' Reports to Board of Directors
- Article 408-7 Executive Directors' Request for Convening of Meetings of Board of Directors
- Article 408-8 Liability of Executive Directors
- Article 408-9 Provisions Applicable Mutatis Mutandis
- Sub-Section 3 Auditors and Audit Committee
- Article 409 Appointment
- Article 409-2 Right to State Opinions in Removal of Auditors
- Article 410 Term of Office
- Article 411 Prohibition of Concurrent Holding of Offices
- Article 412 Auditors' Duties and Power to Demand Reporting and to Inspect
- Article 412-2 Directors' Duty of Reporting
- Article 412-3 Requests for Convening General Meetings
- Article 412-4 Auditors' Request for Convening Board of Directors' Meetings
- Article 412-5 Power to Inspect Subsidiary Company
- Article 413 Duty to Examine and Report
- Article 413-2 Preparation of Audit Records
- Article 414 Liability of Auditors
- Article 415 Provisions Applicable Mutatis Mutandis
- Article 415-2 Audit Committee
- SECTION 4 Issuance of New Shares
- Article 416 Determination of Particulars for Issuance
- Article 417 Issuance of Shares at Price below Par
- Article 418 Terms of Preemptive Rights, Designation and Public Notice of Record Date for Allotment
- Article 419 Peremptory Notice to Holders of Preemptive Rights
- Article 420 Share Subscription Forms
- Article 420-2 Issuance of Certificates of Preemptive Rights
- Article 420-3 Transfer of Preemptive Rights
- Article 420-4 Electronic Registration of Preemptive Rights
- Article 420-5 Applications for Subscription by Certificates of Preemptive Rights
- Article 421 Payment for New Shares
- Article 422 Inspection of Investment in Kind
- Article 423 Date of Becoming Shareholders and Effects of Failing to Make Payment
- Article 424 Rights to Injunction
- Article 424-2 Liability of Persons who have Subscribed to Shares at Unfair Prices
- Article 425 Provisions Applicable Mutatis Mutandis
- Article 426 Registration of Unamortized Amounts
- Article 427 Limitation on Assertion of Nullification or Revocation of Subscriptions
- Article 428 Directors' Liability to Secure Subscription
- Article 429 Lawsuits for Nullification of Issuance of New Shares
- Article 430 Provisions Applicable Mutatis Mutandis
- Article 431 Effects of Judgments Nullifying Issuance of New Shares
- Article 432 Judgments of Nullification and Refunds to Shareholders
- SECTION 5 Amendments to Articles of Incorporation
- Article 433 Method of Amending Articles of Incorporation
- Article 434 Special Resolutions for Amending Articles of Incorporation
- Article 435 General Meeting of Shareholders of Certain Classes of Shares
- Article 436 Provisions Applicable Mutatis Mutandis
- Article 437 null
- SECTION 6 Reduction of Capital
- Article 438 Resolutions for Reduction of Capital
- Article 439 Methods of Reduction of Capital, and Procedures therefor
- Article 440 Procedures for Consolidation of Shares
- Article 441 Idem-Procedures for Consolidation of Shares
- Article 442 Issuance of New Share Certificates
- Article 443 Disposal of Fractional Shares
- Article 444 null
- Article 445 Lawsuits to Nullify Reduction of Capital
- Article 446 Provisions Applicable Mutatis Mutandis
- SECTION 7 Accounting of Company
- Article 446-2 Accounting Principles
- Article 447 Preparation of Financial Statements
- Article 447-2 Preparation of Business Reports
- Article 447-3 Submission of Financial Statements
- Article 447-4 Audit Reports
- Article 448 Retaining and Disclosure of Financial Statements, etc.
- Article 449 Approval for and Public Notice of Financial Statements, etc.
- Article 449-2 Special Provisions Concerning Approval for Financial Statements, etc.
- Article 450 Discharge of Directors and Auditors from Liability
- Article 451 Capital
- Article 452 null
- Article 453 null
- Article 454 null
- Article 455 null
- Article 456 null
- Article 457 null
- Article 457-2 null
- Article 458 Earned Surplus Reserves
- Article 459 Capital Reserves
- Article 460 Use of Statutory Reserves
- Article 461 Capitalization of Reserves
- Article 461-2 Decrease of Reserves
- Article 462 Dividends
- Article 462-2 Stock Dividends
- Article 462-3 Interim Dividends
- Article 462-4 Dividends in Kind
- Article 463 null
- Article 464 Standards for Distribution of Profits
- Article 464-2 Date of Payment of Dividends
- Article 465 null
- Article 466 Shareholder's Right to Inspect Books of Account
- Article 467 Inspection of Affairs and Status of Company's Assets
- Article 467-2 Prohibition of Granting Pecuniary Benefits
- Article 468 Employees' Rights to Preferential Payment
- SECTION 8 Bonds
- Sub-Section 1 Common Provisions
- Article 469 Bond Offering
- Article 470 null
- Article 471 null
- Article 472 null
- Article 473 null
- Article 474 Public Offering and Bond Subscription Forms
- Article 475 Method of Firm Committment Underwriting
- Article 476 Payment
- Article 477 null
- Article 478 Issuance of Bond Certificates
- Article 479 Transfer of Registered Bonds
- Article 480 Exchange between Registered Certificates and Bearer Certificates
- Article 480-2 Designation and Entrustment of Bond Administration Companies
- Article 480-3 Eligibility as Bond Administration Companies
- Article 481 Resignation of Bond Administration Companies
- Article 482 Removal of Bond Administration Companies
- Article 483 Successors to Affairs of Bond Administration Companies
- Article 484 Power of Bond Administration Companies
- Article 484-2 Duties and Obligations of Bond Administration Companies
- Article 485 Powers and Duties in Cases of Two or More Bond Administration Companies
- Article 486 Defects in Coupons
- Article 487 Statute of Limitations for Rights to Claim Redemption
- Article 488 Bond Registers
- Article 489 Provisions Applicable Mutatis Mutandis
- Sub-Section 2 Meetings of Bondholders
- Article 490 Matters Requiring Resolutions
- Article 491 Persons Authorized to Convene
- Article 491-2 Notice and Public Notice of Convocation
- Article 492 Voting Rights
- Article 493 Attendance, etc. of Representatives of Bond-issuer or Bond Administration Company
- Article 494 Right to Request Issuer Company to Cause its Representative to Attend
- Article 495 Methods of Resolutions
- Article 496 Requests for Authorization of Resolutions
- Article 497 Grounds for Non-Authorization of Resolutions
- Article 498 Effects of Resolutions
- Article 499 Public Notice of Authorization or Non-Authorization of Resolutions
- Article 500 Representatives of Meetings of Bondholders
- Article 501 Implementation of Resolutions
- Article 502 Two or More Representatives of Meetings or Executors of Resolutions
- Article 503 Implementation of Resolutions relating to Redemption
- Article 504 Removal, etc. of Representatives of Meetings or Implementers of Resolutions
- Article 505 null
- Article 506 null
- Article 507 Remuneration and Expenses for Bond Administration Company, etc.
- Article 508 Expenses relating to Meetings of Bondholders
- Article 509 Meetings of Certain Classes of Bondholders
- Article 510 Provisions Applicable Mutatis Mutandis
- Article 511 Lawsuit for Revocation by Bond Administration Company
- Article 512 Lawsuit for Revocation by Representatives, etc.
- Sub-Section 3 Convertible Bonds
- Article 513 Issuance of Convertible Bonds
- Article 513-2 Rights of Shareholders Entitled to Subscribe to Convertible Bonds
- Article 513-3 Peremptory Notice to Shareholders with Right to Subscribe to Convertible Bonds
- Article 514 Procedures for Issuance of Convertible Bonds
- Article 514-2 Registration of Convertible Bonds
- Article 515 Request for Conversion
- Article 516 Provisions Applicable Mutatis Mutandis
- Sub-Section 4 Bonds with Warrants
- Article 516-2 Issuance of Bonds with Warrants
- Article 516-3 Peremptory Notice to Shareholders with Right to Subscribe to Bonds with Warrants
- Article 516-4 Particulars to be Entered in Bond Subscription Forms, Bond Certificates and Bond Register
- Article 516-5 Issuance of Warrant Certificates
- Article 516-6 Transfer of Preemptive Rights to New Stocks
- Article 516-7 Electronic Registration of Bonds with Warrants
- Article 516-8 Registration of Bonds with Warrants
- Article 516-9 Exercise of Preemptive Rights to New Stocks
- Article 516-10 Date of Becoming Shareholders
- Article 516-11 Provisions Applicable Mutatis Mutandis
- SECTION 9 Dissolution
- Article 517 Grounds for Dissolution
- Article 518 Resolution for Dissolution
- Article 519 Continuation of Company
- Article 520 Judgment of Dissolution
- Article 520-2 Dissolution of Dormant Company
- Article 521 Notice and Public Notice of Dissolution
- Article 521-2 Provisions Applicable Mutatis Mutandis
- SECTION 10 Merger
- Article 522 Merger Agreement and Resolution to Approve Merger Agreement
- Article 522-2 Public Announcement of Merger Agreement, etc.
- Article 522-3 Appraisal Rights of Shareholders Opposing Merger
- Article 523 Merger Agreement in case of Merger
- Article 523-2 Special Provisions where Consideration for Merger is Parent Company's Stocks
- Article 524 Merger Agreement in case of Consolidation
- Article 525 Merger Agreement in case of Unlimited Partnership Company or Limited Partnership Company
- Article 526 General Meetings of Shareholders for Reporting in Cases of Merger
- Article 527 Inaugural General Meetings in Cases of Consolidation
- Article 527-2 Simplified Merger
- Article 527-3 Small-Scale Merger
- Article 527-4 Terms of Office of Directors and Auditors
- Article 527-5 Procedures for Protection of Creditors
- Article 527-6 Ex Post Disclosure of Documents on Merger
- Article 528 Registration of Merger
- Article 529 Lawsuits for Nullification of Merger
- Article 530 Provisions Applicable Mutatis Mutandis
- SECTION 11 Division of Company
- Article 530-2 Division and Merger after Division of Company
- Article 530-3 Approval for Division Plan and Agreement for Merger after Division
- Article 530-4 Incorporation of Company by Division
- Article 530-5 Entries in Division Plans
- Article 530-6 Entries in Merger Agreement after Division and Special Provisions where Consideration for Merger after Division is Shares of Parent Company
- Article 530-7 Disclosure of Division Balance Sheets, etc.
- Article 530-8 null
- Article 530-9 Responsibility of Company after Division or Merger after Division
- Article 530-10 Consequential Effect of Division or Merger after Division
- Article 530-11 Provisions Applicable Mutatis Mutandis
- Article 530-12 Physical Division
- SECTION 12 Liquidation
- Article 531 Appointment of Liquidators
- Article 532 Liquidators' Reports
- Article 533 Liquidators' Duty to Investigate Company's Assets and to Report
- Article 534 Submission, Audit, Disclosure, and Approval of Balance Sheets, Business Reports, and Supplementary Statements
- Article 535 Peremptory Notice to Creditors
- Article 536 Repayment Within Period for Presenting Claims
- Article 537 Repayment to Excluded Creditors
- Article 538 Distribution of Surplus Assets
- Article 539 Removal of Liquidators
- Article 540 Completion of Liquidation
- Article 541 Document Retention
- Article 542 Provisions Applicable Mutatis Mutandis
- SECTION 13 Special Cases for Listed Companies
- Article 542-2 Scope of Application
- Article 542-3 Stock Options
- Article 542-4 Public Notification of Convocation of General Meetings of Shareholders
- Article 542-5 Methods of Appointment of Directors or Auditors
- Article 542-6 Minority Shareholders' Rights
- Article 542-7 Special Cases concerning Cumulative Voting
- Article 542-8 Appointment of Outside Directors
- Article 542-9 Transactions with Interested Persons Including Major Shareholders
- Article 542-10 Full-time Auditors
- Article 542-11 Audit Committees
- Article 542-12 Composition, etc. of Audit Committees
- Article 542-13 Compliance Guidelines and Compliance Officers
- CHAPTER V LIMITED COMPANY
- SECTION 1 Incorporation
- Article 543 Preparation of Articles of Incorporation and Matters Absolutely Required to be Entered Therein
- Article 544 Matters relating to Irregular Incorporation
- Article 545 null
- Article 546 Limits on Amounts of One Unit of Investment
- Article 547 Appointment of First Directors
- Article 548 Payment for Investment
- Article 549 Registration for Incorporation
- Article 550 Liability of Members at the time of Incorporation concerning Investments in Kind, etc.
- Article 551 Liability of Members at the time of Incorporation concerning Unpaid Amount of Investments
- Article 552 Lawsuits Seeking Nullification or Revocation of Incorporation
- SECTION 2 Rights and Obligations of Members
- Article 553 Liability of Members
- Article 554 Equity Interest of Members
- Article 555 Instruments of Equity Interest
- Article 556 Transfer of Equity Interest
- Article 557 Requirements for Asserting Transfer of Equity Interest against Company and Third Parties
- Article 558 Common Ownership of Equity Interest
- Article 559 Pledging of Equity Interests
- Article 560 Provisions Applicable Mutatis Mutandis
- SECTION 3 Management of Company
- Article 561 Directors
- Article 562 Representation of Company
- Article 563 Representatives in Lawsuits between Directors and Company
- Article 564 Determination on Management of Business, Transactions between Directors and Company
- Article 564-2 Rights to Injunction
- Article 565 Representative Suits by Members
- Article 566 Retention and Inspection of Documents
- Article 567 Provisions Applicable Mutatis Mutandis
- Article 568 Auditors
- Article 569 Auditor's Authority
- Article 570 Provisions Applicable Mutatis Mutandis
- Article 571 Convocation of General Meetings of Members
- Article 572 Requests for Convocation of General Meetings by Minority Members
- Article 573 Omission of Convocation Procedures
- Article 574 Quorum of General Meetings and Methods of Resolution
- Article 575 Members' Rights to Vote
- Article 576 Matters Requiring Special Resolution for Transfer of Business, etc. of Limited Company
- Article 577 Resolutions in Writing
- Article 578 Provisions Applicable Mutatis Mutandis
- Article 579 Preparation of Financial Statements
- Article 579-2 Preparation of Business Reports
- Article 579-3 Retention and Disclosure of Financial Statements, etc.
- Article 580 Standards for Profits Dividends
- Article 581 Members' Right to Inspect Books of Account
- Article 582 Inspection of Business Affairs and Status of Assets
- Article 583 Provisions Applicable Mutatis Mutandis
- SECTION 4 Amendments to Articles of Incorporation
- Article 584 Methods of Amendments to Articles of Incorporation
- Article 585 Special Resolutions on Amendments to Articles of Incorporation
- Article 586 Resolutions on Capital Increase
- Article 587 Granting of Preemptive Rights in Cases of Capital Increase
- Article 588 Members' Preemptive Rights to Capital Investment
- Article 589 Methods of Subscription to Capital Investment
- Article 590 Status of New Subscribers of Investments
- Article 591 Registration of Capital Increase
- Article 592 Effectuation of Capital Increase
- Article 593 Members' Liabilities concerning Investments in Kind, etc.
- Article 594 Liability of Directors, etc. concerning Unsubscribed Capital Investments, etc.
- Article 595 Lawsuits to Nullify Capital Increase
- Article 596 Provisions Applicable Mutatis Mutandis
- Article 597 Provisions Applicable Mutatis Mutandis
- SECTION 5 Mergers and Organizational Changes
- Article 598 Methods for Mergers
- Article 599 Appointment of Members of Organizing Committee
- Article 600 Merger of Limited Company and Stock Company
- Article 601 Real Subrogation
- Article 602 Registration of Merger
- Article 603 Provisions Applicable Mutatis Mutandis
- Article 604 Organizational Change of Stock Company to Limited Company
- Article 605 Liability of Directors and Shareholders for Shortage in Value of Net Assets
- Article 606 Registration of Organizational Change
- Article 607 Organizational Change of Limited Company to Stock Company
- Article 608 Provisions Applicable Mutatis Mutandis
- SECTION 6 Dissolution and Liquidation
- Article 609 Grounds for Dissolution
- Article 610 Continuation of Company
- Article 611 Provisions Applicable Mutatis Mutandis
- Article 612 Distribution of Surplus Assets
- Article 613 Provisions Applicable Mutatis Mutandis
- CHAPTER VI FOREIGN COMPANY
- Article 614 Appointment of Representatives, Establishment of Business Offices and Registrations thereof
- Article 615 Starting Point of Reckoning of Registration Period
- Article 616 Prohibition of Conducting Continuous Transactions before Registration
- Article 616-2 Public Notification of Balance Sheets or its Equivalent
- Article 617 Similar Foreign Company
- Article 618 Provisions Applicable Mutatis Mutandis
- Article 619 Order to Close Business Offices
- Article 620 Liquidation of Assets Existing in Republic of Korea
- Article 621 Status of Foreign Company
- CHAPTER VII PENALTY PROVISIONS
- Article 622 Crimes of Special Misappropriation by Incorporators, Directors, and Other Executive Officers, etc.
- Article 623 Crimes of Special Misappropriation by Representative, etc. of Meetings of Bondholders
- Article 624 Attempted Crimes of Special Misappropriation
- Article 624-2 Crimes of Violating Provisions concerning Transactions with Interested Persons Including Major Shareholders
- Article 625 Crimes of Endangering Company's Assets
- Article 625-2 Crimes of Violating Share Acquisition Restrictions, etc.
- Article 626 Crimes of False Reporting
- Article 627 Crimes of Using Documents Containing Misstatements
- Article 628 Crimes of Disguised Payment
- Article 629 Crimes of Excessive Issuance
- Article 630 Crimes of Corruption in Office by Incorporators, Directors or Other Executive Officers
- Article 631 Crimes of Bribery in Relation to Disturbing Exercise of Rights, etc.
- Article 632 Concurrent Imposition of Imprisonment with Labor and Fines
- Article 633 Confiscation and Additional Collection
- Article 634 Crimes of Evading Liability for Payment on Shares
- Article 634-2 Crimes of Granting Benefits in Connection with Exercise of Shareholder's Rights
- Article 634-3 Joint Penalty Provisions
- Article 635 Acts Subject to Administrative Fines
- Article 636 Business, etc. in Name of Company prior to its Registration
- Article 637 Application of Penalty Provisions to Juristic Person
- Article 637-2 Imposition and Collection of Administrative Fines
- PART IV INSURANCE
- CHAPTER I COMMON PROVISIONS
- Article 638 Effect of Insurance Contracts
- Article 638-2 Effectuation of Insurance Contracts
- Article 638-3 Duty to Issue and Explain Terms and Conditions of Insurance Contract
- Article 639 Insurance for Benefits of Third Party
- Article 640 Delivery of Insurance Policy
- Article 641 Legal Effects of Terms and Conditions of Objection in Respect of Insurance Policy
- Article 642 Demand for Re-issuance of Insurance Policy
- Article 643 Retroactive Insurance
- Article 644 Legal Effects of Preexisting Perils Insured against
- Article 645 null
- Article 646 Legal Effects of Facts Known to Agents
- Article 646-2 Power of Insurance Agents, etc.
- Article 647 Requests for Reduction of Premium upon Cessation of Certain Risks
- Article 648 Requests for Return of Premiums upon Nullification of Insurance Contracts
- Article 649 Voluntary Termination of Contracts Prior to Occurrence of Perils Insured against
- Article 650 Effects of Payment and Delay in Payment of Premiums
- Article 650-2 Reinstatement of Insurance Contracts
- Article 651 Termination of Contracts due to Breach of Duty of Disclosure
- Article 651-2 Effects of Questions in Writing
- Article 652 Notice of Alteration or Increase in Risks and Termination of Contracts
- Article 653 Increases in Risks Due to Bad Faith or Gross Negligence of Policyholders, etc. and Termination of Contracts
- Article 654 Adjudication of Insurer's Bankruptcy and Termination of Contracts
- Article 655 Termination of Contracts and Claims to Insured Amount
- Article 656 Payment of Premiums and Commencement of Liability of Insurers
- Article 657 Duty to Notify Occurrence of Perils Insured against
- Article 658 Payment of Insured Amount
- Article 659 Grounds for Exclusion of Liability
- Article 660 Exclusion of Liability due to Risks of War, etc.
- Article 661 Reinsurance
- Article 662 Statute of Limitations
- Article 663 Prohibition of Change of Provisions to Disadvantage of Policyholders, etc.
- Article 664 Application Mutatis Mutandis to Mutual Insurance, Mutual Aid, etc.
- CHAPTER II NON-LIFE INSURANCE
- SECTION 1 Common Provisions
- Article 665 Liability of Non-Life Insurers
- Article 666 Non-Life Insurance Policy
- Article 667 Non-Inclusion of Lost Profits, etc.
- Article 668 Subject Matter of Insurance Contracts
- Article 669 Over-Insurance
- Article 670 Valued Policy
- Article 671 Unvalued Policy
- Article 672 Double Insurance
- Article 673 Double Insurance and Waiver of Rights against One Insurer
- Article 674 Partial Insurance
- Article 675 Liability for Compensation in Cases of Destruction of Subject Matter after Occurrence of Perils Insured against
- Article 676 Basis for Determining Amount of Losses
- Article 677 Deduction of Unpaid Premiums from Compensation Amount
- Article 678 Grounds for Exclusion of Insurer’s Liability
- Article 679 Transfer of Subject Matter Insured
- Article 680 Duty to Prevent Loss
- Article 681 Subrogation by Insurer concerning Subject Matter Insured
- Article 682 Subrogation by Insurer against Third Parties
- SECTION 2 Fire Insurance
- Article 683 Liability of Fire Insurers
- Article 684 Compensation for Losses Due to Fire Extinguishment, etc.
- Article 685 Fire Insurance Policy
- Article 686 Subject Matter of Aggregate Goods Insurance
- Article 687 Idem
- SECTION 3 Transportation Insurance
- Article 688 Liability of Transportation Insurers
- Article 689 Insurable Value of Transportation Insurance
- Article 690 Transportation Insurance Policy
- Article 691 Transportation Suspension or Alteration and Legal Effects of Contracts
- Article 692 Bad Faith or Gross Negligence of Transportation Assistant and Insurer's Non-liability
- SECTION 4 Marine Insurance
- Article 693 Liability of Marine Insurers
- Article 694 Compensation for General Average Contributions
- Article 694-2 Compensation for Salvage Charge
- Article 694-3 Compensation for Special Expenses
- Article 695 Marine Insurance Policy
- Article 696 Insurable Value and Subject Matter of Ship Insurance
- Article 697 Insurable Value of Cargo Insurance
- Article 698 Insurable Value of Prospective Profit Insurance
- Article 699 Commencement of Cover Period of Marine Insurance
- Article 700 Termination of Cover Period of Marine Insurance
- Article 701 Legal Effects of Change of Voyage
- Article 701-2 Deviation from Course
- Article 702 Legal Effects of Delay in Departure or Voyage
- Article 703 Legal Effects of Change of Ships
- Article 703-2 Legal Effects of Transfer, etc. of Ships
- Article 704 Floating Cargo Insurance of Undetermined Ships
- Article 705 null
- Article 706 Grounds for Exclusion of Marine Insurers’s Liability
- Article 707 null
- Article 707-2 Compensation for Partial Loss of Ships
- Article 708 Compensation for Partial Damage to Cargo
- Article 709 Compensation for Losses due to Sale of Cargo
- Article 710 Causes for Abandonment
- Article 711 Missing Ships
- Article 712 Continued Carriage of Cargo by Transshipment and Extinction of Right of Abandonment
- Article 713 Notice of Abandonment
- Article 714 Requirements for Exercise of Right of Abandonment
- Article 715 Notice of Other Insurance Contracts, etc.
- Article 716 Approval of Abandonment
- Article 717 Refusal of Abandonment
- Article 718 Legal Effects of Abandonment
- SECTION 5 Liability Insurance
- Article 719 Liability of Liability Insurers
- Article 720 Bearing Expenses Defrayed by Insured to Defend Him/Herself
- Article 721 Subject Matter of Business Liability Insurance
- Article 722 Duty of the Insured to Notify a Claim for Compensation Filed
- Article 723 Notice of Repayment, etc. by Insured and Payment of Insured Amount
- Article 724 Relations between Insurers and Third Parties
- Article 725 Liability Insurance of Custodians
- Article 725-2 Several Liability Insurance
- Article 726 Application Mutatis Mutandis to Reinsurance
- SECTION 6 Automobile Insurance
- Article 726-2 Liability of Automobile Insurers
- Article 726-3 Automobile Insurance Policy
- Article 726-4 Transfer of Automobiles
- SECTION 7 Guarantee Insurance
- Article 726-5 Responsibility of Guarantee Insurer
- Article 726-6 Exclusion from Application
- Article 726-7 Provisions Applicable Mutatis Mutandis
- CHAPTER III PERSONAL INSURANCE
- SECTION 1 Common Provisions
- Article 727 Responsibility of Insurers of Personal Insurance
- Article 728 Personal Insurance Policy
- Article 729 Prohibition of Subrogation by Insurer against Third Parties
- SECTION 2 Life Insurance
- Article 730 Responsibility of Life Insurers
- Article 731 Third-Party Life Insurance
- Article 732 Prohibition of Insurance Contracts for Persons under 15 Years of Age, etc.
- Article 732-2 Perils Caused by Gross Negligence
- Article 733 Right to Designate or Change Beneficiary
- Article 734 Notification of Right to Designate Beneficiary of Insurance, etc.
- Article 735 null
- Article 735-2 null
- Article 735-3 Group Insurance
- Article 736 Duty to Return Premium Reserve, etc.
- SECTION 3 Accident Insurance
- Article 737 Liability of Accident Insurers
- Article 738 Accident Insurance Policy
- Article 739 Provisions Applicable Mutatis Mutandis
- SECTION 4 Sickness Insurance
- Article 739-2 Responsibility of Insurer of Sickness Insurance
- Article 739-3 Provisions Applicable Mutatis Mutandis to Sickness Insurance
- PART V MARINE COMMERCE
- CHAPTER I MARINE COMMERCIAL ENTERPRISE
- SECTION 1 Ship
- Article 740 Definition of Ship
- Article 741 Scope of Application
- Article 742 Accessories of Ship
- Article 743 Transfer of Ownership of Ship
- Article 744 Seizure or Provisional Seizure of Ship
- SECTION 2 Shipmaster
- Article 745 Appointment or Dismissal of Shipmaster
- Article 746 Claims for Damages against Unjustifiable Dismissal of Shipmaster
- Article 747 Obligations of Shipmaster for Continuous Performance of Duties
- Article 748 Shipmaster's Authority of and Responsibility for Appointment of Acting Shipmaster
- Article 749 Scope of Agency Right
- Article 750 Authority for Special Acts
- Article 751 Restriction on Agency Right
- Article 752 Disposal of Cargo for Interested Parties
- Article 753 Right to Auction Ships
- Article 754 Irreparability of Ships
- Article 755 Duty to Report and Account
- SECTION 3 Co-ownership of Ships
- Article 756 Determination of Affairs by Co-owners of Ships
- Article 757 Co-ownership of Ships and Share of Expenses
- Article 758 Apportionments of Profits and Losses
- Article 759 Transfer of Apportionments
- Article 760 Loss of Nationality of Co-owned Ships and Purchase of Apportionments or Requests for Auction
- Article 761 Claims for Purchase of Apportionments of Opponents to Resolution
- Article 762 Claims for Purchase of Apportionment of Dismissed Shipmaster
- Article 763 Transfer of Ships, etc. on Voyage
- Article 764 Appointment and Registration of Administrators of Ships
- Article 765 Authority of Administrators of Ships
- Article 766 Restriction on Authority of Administrators of Ships
- Article 767 Writing on and Keeping of Logbooks
- Article 768 Reporting by Administrators of Ships and Approval Thereof
- SECTION 4 Limits on Liability of Shipowners, etc.
- Article 769 Limited Liability of Shipowners
- Article 770 Limits on Liability
- Article 771 Deduction of Opposing Claim Amount due to Same Accidents
- Article 772 Tonnage of Ships for Purpose of Limiting Liability
- Article 773 Exclusion of Limited Liability
- Article 774 Scope of Persons Able to Limit Liability
- Article 775 Limitation on Liability of Salvors
- Article 776 Procedures for Limitation on Liability
- SECTION 5 Provision of Ships as Security
- Article 777 Claims with Liens on Ships
- Article 778 Claims Incidental to Ships and Fares
- Article 779 Liens on Freight
- Article 780 Exclusion of Insurance Money, etc.
- Article 781 Claims Arising out of Employment Contracts of Ship Employees
- Article 782 Priority Order of Liens on Claims Arising out of Same Navigation
- Article 783 Priority Order of Liens on Claims for Several Navigations
- Article 784 Cases of Competition of Liens in Same Priority Order
- Article 785 Superior Right of Liens
- Article 786 Expiration of Liens
- Article 787 Ship Mortgages
- Article 788 Competition of Lien with Ship Mortgages, etc.
- Article 789 Disapproval of Pledging of Registered Ships
- Article 790 Mutatis Mutandis Application to Ships under Construction
- CHAPTER II TRANSPORTATION AND CHARTER
- SECTION 1 Affreightment in General Ships
- Article 791 Meaning of Contracts of Affreightment in General Ships
- Article 792 Provision of Cargo
- Article 793 Delivery of Documents Necessary for Transportation
- Article 794 Duty of Care for Seaworthiness
- Article 795 Duty of Care for Cargo
- Article 796 Grounds for Exclusion of Carriers’ Liability
- Article 797 Limits on Liability
- Article 798 Application to Non-Contractual Claims
- Article 799 Prohibition of Reduction of Liabilities of Carriers
- Article 800 Disposal of Unlawful Cargo Loaded
- Article 801 Disposal of Dangerous Cargo
- Article 802 Acceptance of Cargo
- Article 803 Deposit, etc. of Cargo
- Article 804 Notice on Partial Loss of or Damage to Cargo
- Article 805 Freight by Weight and Volume of Cargo
- Article 806 Freight by Period of Transportation
- Article 807 Consignee's Duties and Shipmaster's Retention Rights
- Article 808 Carrier's Right to Auction Cargo
- Article 809 Liability of Shipowner when Voyage Charterer, etc. Concludes Transportation Subcontract
- Article 810 Grounds for Termination of Transportation Contracts
- Article 811 Cancellation, etc. on Legal Grounds
- Article 812 Force Majeure concerning Portion of Cargo
- Article 813 Disposal of Cargo by Shipmaster and Freight
- Article 814 Termination of Claims and Obligations of Carriers
- Article 815 Provisions Applicable Mutatis Mutandis
- Article 816 Responsibility of Consolidated Carriers
- SECTION 2 Marine Passenger Transportation
- Article 817 Meaning of Marine Passenger Transportation Contracts
- Article 818 Registered Passenger Tickets
- Article 819 Duty to Provide Meal and Accommodation, etc.
- Article 820 Duty to Transport Luggage for Free
- Article 821 Delay in Boarding Ship and Shipmaster's Right of Departure
- Article 822 Cancellation of Contracts by Passengers, and Fares
- Article 823 Cancellation of Contracts on Legal Grounds
- Article 824 Duty to Dispose of Luggage of Dead Passengers
- Article 825 Legal Grounds for Termination
- Article 826 Provisions Applicable Mutatis Mutandis
- SECTION 3 Voyage Charter
- Article 827 Meaning of Voyage Charter
- Article 828 Charter Contracts
- Article 829 Notice of Completion of Preparation of Loading, and Loading Period
- Article 830 Notice and Shipment in Cases of Third-Party Shippers
- Article 831 Charterer's Right to Request Departure and Shipmaster's Right of Departure
- Article 832 Cancellation of Contracts before Departure, etc. of Whole Charter
- Article 833 Partial Charter and Cancellation of Contracts before Departure, etc.
- Article 834 Obligation to Pay Incidental Expenses, Substitute Payments, etc.
- Article 835 Bearing Expenses Incurred in Relation to Loading and Unloading
- Article 836 Legal Effects of Non-Loading within Loading Period
- Article 837 Termination of Contracts after Departure
- Article 838 Unloading of Cargo
- Article 839 Prohibition of Reducing Liabilities of Shipowners
- Article 840 Termination of Claims and Obligations of Shipowners
- Article 841 Provisions Applicable Mutatis Mutandis
- SECTION 4 Time Charter
- Article 842 Meaning of Time Charter
- Article 843 Time Charterer's Right to Order Shipmasters
- Article 844 Shipowners' Rights to Retain or Auction Cargo
- Article 845 Arrears in Charterage and Termination of Contracts, etc.
- Article 846 Expiration of Claims of Time Charters
- SECTION 5 Bareboat Charter
- Article 847 Meaning of Bareboat Charter
- Article 848 Legal Nature
- Article 849 Claims for Registration of Bareboat Charterers and Legal Effects of Registration
- Article 850 Bareboat Charters and Legal Relations regarding Third Parties
- Article 851 Termination of Claims on Bareboat Charters
- SECTION 6 Sea Waybills
- Article 852 Issuance of Bills of Lading
- Article 853 Matters to be Stated in Bills of Lading
- Article 854 Legal Effects of Statements in Bills of Lading
- Article 855 Contracts by Charter Parties and Bills of Lading
- Article 856 Delivery of Certified Copies
- Article 857 Multiple Copies of Bills of Lading and Delivery of Cargo at Port of Unloading
- Article 858 Multiple Copies of Bills of Lading and Delivery of Cargo at Place Other than Port of Unloading
- Article 859 Requests for Delivery of Cargo by Two or More Holders, and Deposits
- Article 860 Priority Ranking of Several Holders of Bills of Lading
- Article 861 Provisions Applicable Mutatis Mutandis
- Article 862 Electronic Bills of Lading
- Article 863 Issuance of Sea Waybills
- Article 864 Effects of Sea Waybills
- CHAPTER III MARITIME PERILS
- SECTION 1 General Average
- Article 865 Requirements for General Average
- Article 866 Sharing Expenses of General Average
- Article 867 Calculation of Apportionments of General Average
- Article 868 Limited Liability of Apportionments of General Average
- Article 869 Calculation of Damages of General Average
- Article 870 Recourse against Liable Persons
- Article 871 Exclusion from Apportionments of General Average
- Article 872 Exclusion from Claims for Apportionments of General Average
- Article 873 False Statements as to Value of Cargo and General Average
- Article 874 Recovery of Damage Which is General Average
- Article 875 Termination of Claims of General Average
- SECTION 2 Collision of Ships
- Article 876 Provisions Applicable to Collision of Ships
- Article 877 Collision due to Force Majeure
- Article 878 Collision due to Fault of One Party
- Article 879 Collision due to Faults of Both Parties
- Article 880 Collision due to Fault of Pilot
- Article 881 Termination of Claims for Collision of Ships
- SECTION 3 Salvage
- Article 882 Requirements for Salvage
- Article 883 Determination of Remuneration
- Article 884 Limits on Remuneration
- Article 885 Special Remuneration for Environmental Damage Preventive Operations
- Article 886 Obligation to Pay Salvage Charge
- Article 887 Agreements on Salvage
- Article 888 Distribution of Salvage Charge between Co-salvors
- Article 889 Distribution of Remuneration for Salvage Inside One Ship
- Article 890 Cases of Salvage by Tugboats
- Article 891 Remuneration between Ships Belonging to Same Owner
- Article 892 Persons Who Have No Claim for Salvage Charge
- Article 893 Preferential Rights of Salvors
- Article 894 Shipmaster's Authority concerning Payment of Salvage Charge
- Article 895 Termination of Claims for Salvage Charge
- PART VI CARRIAGE BY AIR
- CHAPTER I COMMON PROVISIONS
- Article 896 Definition of Aircraft
- Article 897 Scope of Application
- Article 898 Reduction or Exclusion of Liability of Carriers, Etc.
- CHAPTER II CARRIAGE
- SECTION 1 COMMON PROVISIONS
- Article 899 Application, etc. to Non-Contractual Claims
- Article 900 Claims against Actual Carriers
- Article 901 Successive Carriage
- Article 902 Termination of Liability of Carriers
- Article 903 Invalidation of Contract Provisions
- SECTION 2 CARRIAGE OF PASSENGERS
- Article 904 Liability of Carriers
- Article 905 Limits on Liability of Carriers
- Article 906 Advanced Payments
- Article 907 Liability for Delayed Arrival
- Article 908 Liability for Loss of or Damage to Baggage
- Article 909 Liability for Delayed Arrival of Baggage
- Article 910 Limits on Liability Concerning Baggage
- Article 911 Notification on Partial Loss of or Damage to, etc. Checked Baggage
- Article 912 Duty to Transport Carry-on Baggage Free of Charge
- SECTION 3 CARRIAGE OF GOODS
- Article 913 Liability for Loss of or Damage to Cargo
- Article 914 Liability for Delayed Arrival of Cargo
- Article 915 Limits on Liability Amount Concerning Cargo
- Article 916 Notification on Partial Loss of or Damage to, etc. Checked Cargo
- Article 917 Rights of Claim for Disposition of Cargo
- Article 918 Delivery of Cargo
- Article 919 Statute of Limitations for Claims of Carriers
- Article 920 Provisions Applicable Mutatis Mutandis
- SECTION 4 AIR WAYBILL
- Article 921 Passenger's Plane Tickets
- Article 922 Baggage Check
- Article 923 Issuance of Air Waybills
- Article 924 Substitution of Air Waybills
- Article 925 Multiple Packages of Cargo
- Article 926 Documents Concerning Character of Cargo
- Article 927 Effects of Violation of Provisions concerning Air Waybills
- Article 928 Liability for Matters to be Stated in Air Waybills, etc.
- Article 929 Effects of Written Statement on Air Waybills
- CHAPTER III LIABILITY FOR DAMAGE AGAINST
- Article 930 Aircraft Operator's Liability for Damages
- Article 931 Grounds for Exclusion of Liability
- Article 932 Limited Liability of Aircraft Operators
- Article 933 Exclusion of Limited Liability
- Article 934 Extinction of Liability of Aircraft Operators
- Article 935 Procedures for Limitation on Liability