Laws › Commercial Act › CHAPTER VII PENALTY PROVISIONS

Commercial Act — Article 634 (Crimes of Evading Liability for Payment on Shares)

상법 제634조

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.

If a person has subscribed to shares or units of investment by using another person's name or a fictitious name in order to evade the liability for payment of the subscription price, he/she shall be punished by imprisonment with labor for not more than one year or by a fine not exceeding three million won. <Amended by Act No. 3724. Apr. 10, 1984; Act No. 5053, Dec. 29, 1995>

Korean original (law.go.kr) · Get articles as JSON via API

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