(1) An inspector shall investigate the matters listed in the subparagraphs of Article 290 and whether or not the investment in kind pursuant to Article 295 has been made and shall report the outcomes thereof to the court.
(2) The provisions of paragraph (1) shall not apply in cases falling under any of the following subparagraphs:
1. In cases where the total amount of assets under subparagarph 2 or 3 of Article 290 does not exceed both one fifth of the amount of capital and the amount determined by Presidential Decree;
2. In cases where the assets under subparagarph 2 or 3 of Article 290 constitute securities for which there is an exchange based market, and the price stated in the articles of incorporation does not exceed the price calculated by the method determined by Presidential Decree;
3. Other cases determined by Presidential Decree as equivalent to those under subparagarph 1 or 2.
(3) An inspector shall, without delay after he/she has prepared a report of investigation under paragraph (1), deliver a copy thereof to each incorporator.
(4) Where any statement in the report of investigation is contrary to the facts, incorporators may submit an explanatory document thereon to the court.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]