Korean Law in English
Laws › Commercial Act › CHAPTER IV UNDISCLOSED ASSOCIATION

Commercial Act — Article 82 (Dividend of Profits and Bearing Losses)

상법 제82조

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) If investment made by an association member has been reduced due to losses, he/she cannot demand any dividend of profits until such loss has been compensated.

(2) Even if a loss has exceeded the amount of the investment, the association member shall not be obligated to return the profits which he/she has taken or to increase the capital(3) The provisions of the preceding two paragraphs shall not apply where the parties have agreed otherwise.

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