Korean Law in English
Laws › Commercial Act › SECTION 5 Dissolution of Company

Commercial Act — Article 242 (Organizational Change)

상법 제242조

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) With the consent of all the members, a partnership company may be converted to a limited partnership company either by making a particular member become a limited partner or by adding a new limited partner.

(2) The provisions of the preceding paragraph shall apply mutatis mutandis to the continuation of existence of a company under Article 229 (2).

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