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Commercial Act — Article 332 (Liability of Persons who Subscribed to Shares Using False Name or Another Person's Name)

상법 제332조

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) A person who has subscribed to shares using a false name or another person's name without his/her consent shall assume the same liability as a subscriber to shares.

(2) A person who has subscribed to shares by using another person's name with his/her consent shall have a joint and several liability with him/her for the payment of subscription price for shares.

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