If the method of disposition of the assets of a dissolved company has not been determined pursuant to Article 247 (1), liquidation shall be carried out in accordance with Articles 251 through 265 except for cases of a merger or the initiation of corporate bankruptcy.
Laws › Commercial Act › SECTION 6 Liquidation
Commercial Act — Article 250 (Statutory Liquidation)
상법 제250조
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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