Laws › Commercial Act › Sub-Section 1 Common Provisions

Commercial Act — Article 480-3 (Eligibility as Bond Administration Companies)

상법 제480조의3

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) Only a bank, trust company, and another person determined by Presidential Decree may become a bond administration company.

(2) No bond underwriter may become a bond administration company of the relevant bond.

(3) No person having special interests, who is determined by Presidential Decree, shall become a bond administration company.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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

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