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Laws › Commercial Act › SECTION 4 Admission and Withdrawal of Members

Commercial Act — Article 287-29 (Withdrawal of Members by Creditors who Seized Members' Equity Interest)

상법 제287조의29

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.

In cases where a creditor who seized a member's equity interest causes the member to withdraw from the limited liability company, the provisions of Article 224 shall apply mutatis mutandis.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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