Korean Law in English
Laws › Commercial Act › SECTION 5 Mergers and Organizational Changes

Commercial Act — Article 601 (Real Subrogation)

상법 제601조

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) In cases of a merger between a limited company and a stock company as a result of which a limited company survives or is newly incorporated, the provisions of Article 339 shall apply mutatis mutandis to a pledge over the pre-existing shares of the stock company.

(2) In cases falling under the preceding paragraph, no pledge over equity interest shall be asserted against the company or any other third party unless the number of units of investment and the name and address of the pledgee have been entered in the register of members.

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