Nullification of reduction of capital can be asserted only by a lawsuit filed only by a shareholder, director, auditor, liquidator, bankruptcy trustee or creditor disapproving such reduction of capital, within six months from the date the registration of alteration due to such reduction of capital has been made.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]
Laws › Commercial Act › SECTION 6 Reduction of Capital
Commercial Act — Article 445 (Lawsuits to Nullify Reduction of Capital)
상법 제445조
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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