A resolution under Article 433 (1) shall be adopted by the affirmative votes of at least two thirds of the voting rights of the shareholders present at a general meeting of shareholders and of at least one third of the total number of issued and outstanding shares.[This Article Wholly Amended by Act No. 5053, Dec. 29, 1995]
Laws › Commercial Act › SECTION 5 Amendments to Articles of Incorporation
Commercial Act — Article 434 (Special Resolutions for Amending Articles of Incorporation)
상법 제434조
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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