(1) If an incorporator, managing member, director, executive director, member of an audit committee, auditor or acting director under Article 386 (2), 407 (1), 415 or 567, manager or other employees commissioned to undertake certain types of matters or specified matters related to the business affairs of a company has taken, or made a third party take, any pecuniary benefit by acting in breach of his/her duty and has thereby incurred damage on the company, he/she shall be punished by imprisonment with labor for not more than ten years or by a fine not exceeding 30 million won. <Amended by Act No. 3724, Apr. 10, 1984; Act No. 5053, Dec. 29, 1995; Act No. 6086, Dec. 31, 1999; Act No. 10600, Apr. 14, 2011>
(2) The provisions of paragraph (1) shall also apply where a liquidator, acting liquidator under Article 542 (2), and incorporation member under Article 175 has committed an act mentioned in paragraph (1). <Amended by Act No. 3724, Apr. 10, 1984>