Laws › Commercial Act › SECTION 4 Issuance of New Shares

Commercial Act — Article 420-3 (Transfer of Preemptive Rights)

상법 제420조의3

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) A preemptive right shall be transferred only by the delivery of the certificate thereof.

(2) The provisions of Article 336 (2) of this Act and Article 21 of the Check Act shall apply mutatis mutandis to certificates of preemptive rights.[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]

Korean original (law.go.kr) · Get articles as JSON via API

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