Korean Law in English
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Commercial Act — Article 286 (Organizational Change)

상법 제286조

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) With the consent of all the members, a limited partnership company may be converted to a partnership company and continue to exist.

(2) In cases where all the limited partners have withdrawn from the company, the general partners may, with their unanimous consent, convert its organization to a partnership company and continue to exist.

(3) In cases of the preceding two paragraphs, registration of dissolution shall be made by the limited partnership company, and registration for incorporation shall be made by the partnership company, within two weeks at the place of the principal office and within three weeks at the place of each branch office.

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