Where a non-member of a company has acted in a manner that deceives others into mistaking him/her for a true member, he/she shall assume the same liability as true members against any person who has engaged in a transaction with the company on the basis of such misconception.
Laws › Commercial Act › SECTION 3 External Relationship of Company
Commercial Act — Article 215 (Liability of Members by Estoppel)
상법 제215조
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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