No liquidator shall distribute the assets of a company to its members until after all the obligations of the company have been repaid completely: Provided, That the liquidator may distribute the residual property reserving the property necessary for the repayment of such obligation in dispute.
Laws › Commercial Act › SECTION 6 Liquidation
Commercial Act — Article 260 (Distribution of Residual Property)
상법 제260조
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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