Surplus assets shall be distributed to shareholders in proportion to the number of shares held by each shareholder: Provided, That this shall not apply in cases falling under Article 344 (1).
Laws › Commercial Act › SECTION 12 Liquidation
Commercial Act — Article 538 (Distribution of Surplus Assets)
상법 제538조
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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