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Commercial Act — Article 287-19 (Representation of Limited Liability Company)

상법 제287조의19

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 manager shall represent a limited liability company.

(2) Where there exist two or more managers, a manager to represent the limited liability company may be appointed by the articles of incorporation or with the consent of all the members.

(3) A limited liability company may decide that, by the articles of incorporation or with the consent of all the members, two or more managers jointly represent the limited liability company.

(4) In cases falling under paragraph (3), any declaration of intent made by a third party to the limited liability company shall be effective by giving such declaration of intent to any of the joint representative managers.

(5) The provisions of Article 209 shall apply mutatis mutandis to the manager who represents a limited liability company.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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