A person who has exercised a preemptive right to new stocks pursuant to Article 516-9 (1) shall become a shareholder at the time when he/she makes payment under that Article. In such cases, the provisions of Article 350 (2) and (3) shall apply mutatis mutandis. <Amended by Act No. 5053, Dec. 29, 1995; Act No. 10600, Apr. 14, 2011>[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]
Laws › Commercial Act › Sub-Section 4 Bonds with Warrants
Commercial Act — Article 516-10 (Date of Becoming Shareholders)
상법 제516조의10
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.
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