A newly incorporated company by simple division, succeeding company after division or newly incorporated company by merger after division shall assume the rights and obligations of the divided company, as prescribed by a division plan or agreement for the merger after division.[This Article Wholly Amended by Act No. 13523, Dec. 1, 2015]
Laws › Commercial Act › SECTION 11 Division of Company
Commercial Act — Article 530-10 (Consequential Effect of Division or Merger after Division)
상법 제530조의10
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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