Korean Law in English
Laws › Commercial Act › CHAPTER III LIMITED PARTNERSHIP COMPANY

Commercial Act — Article 285 (Dissolution and Continuation of Company)

상법 제285조

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) A limited partnership company shall be dissolved if all the general partners or all the limited partners leave the company.

(2) The general partners or limited partners remaining in cases falling under the preceding paragraph may, with their unanimous consent, continue the existence of the company by adding new limited partners or general partners.

(3) The provisions of Articles 213 and 229 (3) shall apply mutatis mutandis in cases falling under the preceding paragraph.

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