No former member of a partnership company who becomes a limited partner in accordance with Article 242 (1) shall be exonerated from unlimited liability with respect to the obligations of the company arising before the registration under the preceding Article at the place of the principal office, for two years subsequent to the said registration.
Laws › Commercial Act › SECTION 5 Dissolution of Company
Commercial Act — Article 244 (Liability of Persons who Have Become Limited Partners as a result of Organizational Change)
상법 제244조
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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