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Commercial Act — Article 316 (Resolutions for Amending Articles of Incorporation and Discontinuing Incorporation)

상법 제316조

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) At an inaugural general meeting, a resolution for amending the Articles of incorporation or discontinuing the incorporation of the company may be adopted.

(2) A resolution under the preceding paragraph may be adopted even where such matter has not been stated in the convocation notice for the meeting.

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