If a company has disposed of its assets in violation of Article 247 (4), a party who has seized the equity interest of a member of the company may demand that the company pay an amount equivalent to the value of such equity interest. In such cases, the preceding Article shall apply mutatis mutandis.
Laws › Commercial Act › SECTION 6 Liquidation
Commercial Act — Article 249 (Protection of Creditors who have Seized Equity Interest)
상법 제249조
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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