(1) A merchant may allow several managers to exercise the vicarious authority jointly.
(2) In the case of the preceding paragraph, indications of intent made to any one of the managers shall be effective against the business owner.
Laws › Commercial Act › CHAPTER III COMMERCIAL EMPLOYEES
Commercial Act — Article 12 (Co-managers)
상법 제12조
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.
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