(1) Any shareholder who has the right to subscribe to convertible bonds shall be entitled to allocation of bonds in proportion to the number of shares that he/she holds: Provided, That this shall not apply to any fractional bond the amount of which is less than the minimum face value of each convertible bond.
(2) The provisions of Article 418 (3) shall apply mutatis mutandis where a shareholder has the right to subscribe to convertible bonds. <Amended by Act No. 10600, Apr. 14, 2011>[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]