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Commercial Act — Article 516-5 (Issuance of Warrant Certificates)

상법 제516조의5

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 a company has determined the particulars prescribed in Article 516-2 (2) 4, it shall issue warrant certificates, together with bond certificates.

(2) A warrant certificate shall contain the following particulars and its serial number, and directors shall write their names and affix their seals, or affix their signatures, thereon: <Amended by Act No. 5053, Dec. 29, 1995>

1. A statement to the effect that it is a warrant certificate;

2. The trade name of the company;

3. Matters prescribed in Article 516-2 (2) 2, 3 and 5;

4. Matters prescribed in subparagraph 3 of Article 516-4;

5. A provision that the transfer of shares is subject to approval of the board of directors, if any.[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]

‹ Article 516-4All articlesArticle 516-6 ›

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