If the articles of incorporation provide that a director shall have a certain number of shares, the directors shall deposit such number of share certificates with the auditors, unless otherwise provided for by the articles of incorporation.
Laws › Commercial Act › Sub-Section 2 Directors and Board of Directors
Commercial Act — Article 387 (Qualification Shares)
상법 제387조
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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