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

Commercial Act — Article 487 (Statute of Limitations for Rights to Claim Redemption)

상법 제487조

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) The statute of limitations for the right to claim redemption of bonds shall expire, if not exercised for ten years.

(2) Provisions of the preceding paragraph shall also apply to the rights referred to in Article 484 (3).

(3) The statute of limitations for the right to claim payment of interest accrued on bonds and the rights mentioned in paragraph (2) of the preceding Article shall expire, if not exercised for five years.

‹ Article 486All articlesArticle 488 ›

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For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool: https://mcp.apify.com?tools=kr-data/korea-law