Korean Law in English
Laws › Commercial Act › SECTION 2 Internal Relationship of Company

Commercial Act — Article 197 (Transfer of Equity Interest)

상법 제197조

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.

No member shall, without the consent of all the other members, transfer his/her equity interest to other persons in whole or in part.

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