(1) Any person who intends to exercise a preemptive right to new stocks shall submit to a company a written application in duplicate and shall pay the issuance price of the new shares in full.
(2) When a written application is submitted pursuant to paragraph (1), warrant certificates, if they have been issued, shall be submitted together with the application form, but if such certificates have not been issued, bond certificates shall, instead, be presented: Provided, That in cases where bonds or bonds with warrants have been registered with the electronic registration ledger of an electronic registration agency, in lieu of issuing the bond certificates or the warrant certificates pursuant to Articles 478 (3) or 516-7, proof of the said bonds or bonds with warrants shall be attached thereto and submitted to the company. <Amended by Act No. 10600, Apr. 14, 2011>
(3) Payment under paragraph (1) shall be made to banks or other financial institutions mentioned in bond certificates or in warrant certificates.
(4) The provisions of Article 302 (1) shall apply mutatis mutandis to written application forms mentioned in paragraph (1) and the provisions of Articles 306 and 318 shall apply mutatis mutandis to banks and other financial institutions responsible for receiving payment mentioned in paragraph (3).[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]