(1) If one of the constituent companies survives a merger, its directors shall without delay convene a general meeting of shareholders to report matters relating to the merger, after the procedures referred to in Article 527-5 have been completed, or after the consolidation of shares has taken effect if shares have been consolidated as a result of the merger, or after the disposal mentioned in Article 443 has been effected by the surviving company if shares are not fit for consolidation, or, in cases of a small-scale merger, after the procedures referred to in Article 527-3 (3) and (4) have been completed. <Amended by Act No. 5591, Dec. 28, 1998>
(2) A person who has subscribed to new shares issued at the time of a merger shall have the same rights as the shareholder at a general meeting of shareholders under paragraph (1). <Amended by Act No. 5591, Dec. 28, 1998>
(3) In cases falling under paragraph (1), the board of directors may give a public notice in lieu of a report to a general meeting of shareholders. <Newly Inserted by Act No. 5053, Dec. 29, 1995>