Commercial Act — Article 287-9 (Prohibition of Acquisition by Transfer of Equity Interest by Limited Liability Company)

(1) No limited liability company may acquire by transfer its equity interest in whole or in part.

(2) In cases where a limited liability company acquires equity interest, such equity interest shall extinguish at the time of their acquisition.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]