Laws › Commercial Act › SECTION 3 Co-ownership of Ships

Commercial Act — Article 764 (Appointment and Registration of Administrators of Ships)

상법 제764조

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) The co-owners of a ship shall appoint an administrator of the ship. In such cases, if a person who is not a co-owner of a ship is to be appointed as an administrator of the ship, the consent of all the co-owners to such appointment shall be required.

(2) The appointment of an administrator of a ship and the termination of such agency shall be registered.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]

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

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