If shares are to be consolidated, a company shall determine a period of not less than one month and shall give a public notice to the effect that shares shall be consolidated and that share certificates must be submitted to the company within such period and shall separately give a notice to such effect to each of the shareholders and the pledgees recorded in the register of shareholders. <Amended by Act No. 5053, Dec. 29, 1995>
Laws › Commercial Act › SECTION 6 Reduction of Capital
Commercial Act — Article 440 (Procedures for Consolidation of Shares)
상법 제440조
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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