Laws › Commercial Act › Sub-Section 2 Meetings of Bondholders

Commercial Act — Article 492 (Voting Rights)

상법 제492조

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) Each bondholder shall have the right to vote in proportion to the sum (excluding the amount redeemed) of the corresponding class of bonds he/she owns. <Amended by Act No. 10600, Apr. 14, 2011>

(2) No holder of bearer bond certificates may exercise his/her voting rights unless he/she has deposited his/her bond certificates at least one week prior to the date set for a meeting of bondholders.

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

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