In cases falling under paragraph (1) of the preceding Article, repayment to the transferee of claims arising out of the business of the transferor shall be valid only when the obligor effecting the performance has acted in good faith and without gross negligence.
Laws › Commercial Act › CHAPTER VII TRANSFER OF BUSINESS
Commercial Act — Article 43 (Repayment to Business Transferee)
상법 제43조
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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