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Commercial Act — Article 368-2 (Exercise of Voting Rights in Disunity)

상법 제368조의2

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) If a shareholder has at least two votes, he/she may exercise them in disunity. In such cases, he/she shall notify the company, in writing or by an electronic document, of his/her intent to do so and the grounds therefor three days prior to the date set for a general meeting of shareholders. <Amended by Act No. 9746, May 28, 2009>

(2) A company may reject the exercise of vote in disunity by a shareholder, unless he/she has accepted a trust of shares or he/she holds the shares on behalf of another person.[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]

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