The co-owners of a ship shall share expenses and obligations arising from the use of the ship in proportion to the respective values of their apportionments.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 3 Co-ownership of Ships
Commercial Act — Article 757 (Co-ownership of Ships and Share of Expenses)
상법 제757조
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.
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