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Commercial Act — Article 287-8 (Transfer of Equity Interest)

상법 제287조의8

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) No member may transfer his/her equity interest, in whole or in part, to a third party without the consent of the other members.

(2) Notwithstanding the provisions of paragraph (1), a member who is not a managing member may transfer to another person his/her equity interest, in whole or in part, with the unanimous consent of all the managing members: Provided, That in the absence of such managing members, the consent of all the members shall be obtained.

(3) Notwithstanding the provisions of paragraphs (1) and (2), the articles of incorporation may determine matters relating thereto otherwise.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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