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Commercial Act — Article 354 (Closure of Register of Shareholders and Record Date)

상법 제354조

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) In order to designate the person who shall exercise the voting right, receive dividends or exercise other rights as a shareholder or a pledgee, the company may suspend changes of the entries in the register of shareholders for a specified period or it may deem any shareholder or pledgee whose name appears in the register of shareholders on a specified date to be the shareholder or pledgee who shall be entitled to exercise such rights. <Amended by Act No. 3724, Apr. 10, 1984>

(2) The period mentioned in paragraph (1) shall not exceed three months. <Amended by Act No. 3724, Apr. 10, 1984>

(3) The date mentioned in paragraph (1) shall be determined as a day within three months before the date the person may exercise the rights as a shareholder or pledgee. <Amended by Act No. 3724, Apr. 10, 1984>

(4) If a company has determined the period or the date mentioned in paragraph (1), it shall give a public notice two weeks prior to such period or date: Provided, That this shall not apply where such period or date has been designated by the articles of incorporation.

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Korean original (law.go.kr) · Get articles as JSON via API

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