Korean Law in English
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Commercial Act — Article 407 (Suspension of Performance of Duties and Appointment of Acting Directors)

상법 제407조

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) In cases where a lawsuit to nullify or revoke a resolution to appoint a director or for removing a director is filed, the court may, upon request of the relevant parties, render a provisional disposition suspending the performance of duties of such director or appointing an acting director. Such disposition may be taken even before the institution of merits, in urgent circumstances.

(2) A court may, upon requests by the relevant parties, alter or revoke a provisional disposition prescribed in the preceding paragraph.

(3) If any disposition under the preceding two paragraphs has been made, registration thereof shall be made at the place of the principal office and each branch office.

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