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Commercial Act — Article 394 (Representatives in Lawsuits between Company and Directors)

상법 제394조

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) When a company has filed a lawsuit against a director and vice versa, auditors shall serve as representatives of the company with respect to the lawsuit. The same shall apply where the company receives a request under Article 403 (1).

(2) In cases where a member of the audit committee under Article 415-2 is a party to a lawsuit, the audit committee or a director shall request the court to appoint a person to serve as a representative of the company. <Newly Inserted by Act No. 6086, Dec. 31, 1999>[This Article Wholly Amended by Act No. 3724, Apr. 10, 1984]

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