Korean Law in English
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Commercial Act — Article 200-2 (Authority of Representatives)

상법 제200조의2

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) Unless otherwise stipulated in the provisional disposition order, no representative under Article 183-2 shall perform any act that does not constitute the ordinary affairs of the corporation: Provided, That the same shall not apply where a permit has been obtained from the court.

(2) Where the representative has committed an act in contravention of the provisions of paragraph (1), the company shall be liable to bona fide third parties.[This Article Newly Inserted by Act No. 6545, Dec. 29, 2001]

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