Korean Law in English
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Commercial Act — Article 485 (Powers and Duties in Cases of Two or More Bond Administration Companies)

상법 제485조

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) If there exist two or more bond administration companies, all acts falling within the scope of their power shall be jointly performed.

(2) In cases falling under paragraph (1), when a bond administration company collects redemption under Article 484 (1), the company shall be jointly and severally liable to the bondholders to pay the redemption amount.[This Article Wholly Amended by Act No. 10600, Apr. 14, 2011]

‹ Article 484-2All articlesArticle 486 ›

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