Where there has been retirement, consolidation, split or conversion of shares, the pledge rights over the original shares may continue to exist as against the cash or shares which the original shareholder is to receive based thereon. <Amended by Act No. 5591, Dec. 28, 1998>
Laws › Commercial Act › Sub-Section 1 Shares and Share Certificates
Commercial Act — Article 339 (Subrogation of Pledge)
상법 제339조
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.
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