Korean Law in English
Laws › Commercial Act › Sub-Section 1 Common Provisions

Commercial Act — Article 476 (Payment)

상법 제476조

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) When subscription to bonds is complete, directors shall, without delay, cause bond subscribers to make the full payment or the first instalment payment on each bond.

(2) A company commissioned to offer bonds for subscription may, in its own name, perform an act set forth in Article 474 (2) and the preceding paragraph on behalf of the company.

‹ Article 475All articlesArticle 477 ›

Korean original (law.go.kr) · Get articles as JSON via API

For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law