(1) If any ground exists to suspect any irregularity or material violation of any statute or the articles of incorporation in connection with the business affairs of the company, any shareholder owning three or more percent of the total number of issued and outstanding shares may request court to appoint an inspector to inspect the business affairs of the company and the status of its assets. <Amended by Act No. 5591, Dec. 28, 1998>
(2) An inspector shall report to court on the outcomes of the inspection.
(3) If court deems it necessary after inspecting a report mentioned in paragraph (2), it may order the representative director to convene a general meeting of shareholders. In such cases, the provisions of Article 310 (2) shall apply mutatis mutandis. <Amended by Act No. 1212, Dec. 12, 1962; Act No. 5053, Dec. 29, 1995>
(4) Directors and auditors shall examine, without delay, whether an inspector’s report mentioned in paragraph (3) is accurate and shall report to a general meeting of shareholders on the findings thereof. <Newly Inserted by Act No. 5053, Dec. 29, 1995>