Laws › Commercial Act › SECTION 12 Liquidation

Commercial Act — Article 542 (Provisions Applicable Mutatis Mutandis)

상법 제542조

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) The provisions of Articles 245, 252 through 255, 259, 260 and 264 shall apply mutatis mutandis to a stock company.

(2) The provisions of Articles 362, 363-2, 366, 367, 373, 376 and 377, 382 (2), 386, 388 through 394, 396, 398 through 408, 411 through 413, 414 (3), 449 (3), 450 and 466 shall apply mutatis mutandis to liquidators. <Amended by Act No. 1212, Dec. 12, 1962; Act No. 3724, Apr. 10, 1984; Act No. 5591, Dec. 28, 1998>

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