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Commercial Act — Article 376 (Lawsuit for Revocation of Resolutions)

상법 제376조

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) Where the procedures for convocation of a general meeting of shareholders or methods for adopting a resolution are in violation of any statute, or the articles of incorporation, or are substantially unfair or the details of a resolution are contrary to the articles of incorporation, a shareholder, director or auditor may file a lawsuit to revoke such resolution, within two months of the date of such resolution. <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5053, Dec. 29, 1995>

(2) The provisions of Articles 186 through 188, the main body of Article 190 and Article 191 shall apply mutatis mutandis to lawsuits filed under paragraph (1). <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5053, Dec. 29, 1995>

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