Korean Law in English
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Commercial Act — Article 201 (Managing Members)

상법 제201조

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) If one or more members have been designated by the articles of incorporation as managing members, those members shall have the rights and obligations to manage the affairs of the company.

(2) If other managing members raise an objection in respect to an act of management by a managing member, that member shall immediately suspend such act and follow the decision of a majority of all the managing members.

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

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