Korean Law in English
Laws › Commercial Act › Sub-Section 3 All-Inclusive Transfer of Shares

Commercial Act — Article 360-17 (Disclosure of Documents Such as Plans for Share Transfer, etc.)

상법 제360조의17

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) Directors shall retain the following documents at the head office from two weeks prior to the date of a general meeting of shareholders under Article 360-16 (1) to the date on which six months have elapsed from the date of share transfer:

1. A plan for share transfer under Article 360-16 (1);

2. Documents stating the grounds for the allotment of shares to the shareholders of the company becoming a wholly owned subsidiary;

3. The final balance sheet and profit and loss statement of the company becoming a wholly owned subsidiary which are prepared on a certain date within six months prior to the date of a general meeting of shareholders under Article 360-16 (1).

(2) The provisions of Article 391-3 (3) shall apply mutatis mutandis to the documents listed in paragraph (1).[This Article Newly Inserted by Act No. 6488, Jul. 24, 2001]

‹ Article 360-16All articlesArticle 360-18 ›

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

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law