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Commercial Act — Article 541 (Document Retention)

상법 제541조

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) Books of a company and all important documents relating to its business and liquidation shall be retained for a period of ten years from the date of registration of the completion of liquidation at the place of the principal office: Provided, That the slips and similar documents shall be retained for five years. <Amended by Act No. 5053, Dec. 29, 1995>

(2) With regard to the retention under the preceding paragraph, the court shall appoint a custodian and shall determine the method of retention, upon request by a liquidator or any other interested person.

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