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

Commercial Act — Article 205 (Adjudication on Forfeiture of Power against Managing Members)

상법 제205조

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 a managing member is clearly unfit to manage the company or he/she has breached material duties, a court may, upon the request of a member, adjudicate the forfeiture of the power against such managing member.

(2) When a judgment under the preceding paragraph has become final and conclusive, such fact shall be registered at the place of the principal office and branch offices of the company.

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