Laws › Commercial Act › CHAPTER III COMMERCIAL EMPLOYEES

Commercial Act — Article 11 (Rights of Representation by Managers)

상법 제11조

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.

(1) A manager may perform all judicial and extrajudicial acts with respect to the business of the business owner on behalf of the business owner.

(2) A manager may appoint and dismiss clerks and other employees who are not managers.

(3) The effect of any restriction on the rights of representation by a manager shall not be asserted against a third party acting in good faith.

Korean original (law.go.kr) · Get articles as JSON via API

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