The equity capital of a wholly owning parent company to be established shall not exceed the value of the current net asset of the company becoming a wholly owned subsidiary as of the date of the share transfer, less the value of the money and other assets to be provided to the shareholders of the company. <Amended by Act No. 10600, Apr. 14, 2011; Act No. 13523, Dec. 1, 2015>[This Article Newly Inserted by Act No. 6488, Jul. 24, 2001]
Laws › Commercial Act › Sub-Section 3 All-Inclusive Transfer of Shares
Commercial Act — Article 360-18 (Maximum Amount of Equity Capital of Wholly Owning Parent Company)
상법 제360조의18
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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