The settlement of accounts between an expelled member and the company shall be calculated based on the status of the company's assets at the time of the filing of the action for expulsion, and legal interest shall accrue therefrom.
Laws › Commercial Act › SECTION 4 Withdrawal of Members
Commercial Act — Article 221 (Settlement of Accounts between Expelled Members and Company)
상법 제221조
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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