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Commercial Act — Article 464-2 (Date of Payment of Dividends)

상법 제464조의2

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 company shall pay dividends under Article 464 within one month from the date of adopting a resolution at a general meeting of shareholders or by the board of directors under Article 462 (2) or from the date of adopting a resolution under Article 462-3 (1): Provided, That this shall not apply where the date of the payment of dividends is determined otherwise by a general meeting of shareholders or the board of directors. <Amended by Act No. 5053, Dec. 29, 1995; Act No. 5591, Dec. 28, 1998; Act No. 10600, Apr. 14, 2011>

(2) The statute of limitations for a claim for payment of dividends under paragraph (1) shall expire, if it is not exercised for five years.[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]

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