A member who uses a credit for the purpose of his/her investment contribution shall be responsible for such payment, if the obligor fails to pay the credit by the due date. In such cases, the member shall not only pay the interest but also shall be liable for damage sustained thereby.
Laws › Commercial Act › SECTION 2 Internal Relationship of Company
Commercial Act — Article 196 (Investment Contributions via Credits)
상법 제196조
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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