(1) A company becoming a wholly owned subsidiary due to a share swap shall, where its general meeting of shareholders has made an approval under Article 360-3 (1), give a public notice on the following matters one month before the date of share swap, and notify the shareholders listed in the register of shareholders and the pledgees, respectively:
1. The purport of an approval under Article 360-3 (1);
2. The purport that the share certificates shall be submitted to the company by the day preceding the date of share swap;
3. The purport that the share certificates shall become invalidated on the date of share swap.
(2) The provisions of Article 442 shall apply mutatis mutandis to cases where approval under Article 360-3 (1) has been granted. <Amended by Act No. 12591, May 20, 2014>[This Article Newly Inserted by Act No. 6488, Jul. 24, 2001]