When liens in the same order of priority under Articles 781 through 783 compete with each other, repayment shall be made according to the ratio of each claim amount.[This Article Wholly Amended by Act No. 8581, Aug. 3, 2007]
Laws › Commercial Act › SECTION 5 Provision of Ships as Security
Commercial Act — Article 784 (Cases of Competition of Liens in Same Priority Order)
상법 제784조
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.
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool:
https://mcp.apify.com?tools=kr-data/korea-law