Laws › Commercial Act › SECTION 6 Liquidation

Commercial Act — Article 251 (Liquidators)

상법 제251조

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) In cases of dissolution of a company, a liquidator shall be appointed by a majority of all the members.

(2) When no liquidator has been appointed, the managing members shall become liquidators.

Korean original (law.go.kr) · Get articles as JSON via API

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