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Commercial Act — Article 86-3 (Partnership Agreements)

상법 제86조의3

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.

With respect to a partnership agreement for the purpose of establishing a limited partnership, the following matters shall be entered therein and all the partners shall write their names and affix their seals, or affix their signatures, thereon:

1. Objectives;

2. Name;

3. Names or trade names, addresses, resident registration numbers of general partners;

4. Names or trade names, addresses, resident registration numbers of limited partners;

5. Locality of the principal office;

6. Matters on investment of the partners;

7. Matters on distribution of losses and profits to partners;

8. Matters on transfer of shares of limited partners;

9. In the case of having determined that at least two general partners jointly execute affairs of or act as an agent for the limited partnership, the regulation;

10. In the case of having determined that only some of the general partners execute affairs of or act as an agent for the limited partnership, the regulation;

11. Matters on distribution of the residual property upon dissolution of the limited partnership;

12. Matters on the term of existence of the limited partnership or other matters on grounds for dissolution thereof;

13. Effective date of the limited partnership agreement.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]

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