When a ship loses the nationality of the Republic of Korea by transfer of the apportionment of a co-owner of the ship or by the loss of his/her nationality, other co-owners may purchase such apportionment at a reasonable price or may request the court to auction such apportionment.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 3 Co-ownership of Ships
Commercial Act — Article 760 (Loss of Nationality of Co-owned Ships and Purchase of Apportionments or Requests for Auction)
상법 제760조
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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