(1) The following dispositions shall take effect upon registration:
1. The transfer (excluding transfer by inheritance or other universal succession) of a patent, the expiration of a patent by relinquishment, or restrictions on the disposal of a patent;
2. The grant, transfer (excluding transfer by inheritance or other universal succession), amendment, or expiration (excluding expiration by confusion) of an exclusive license or restrictions on the disposal of an exclusive license;
3. The establishment, transfer (excluding transfer by inheritance or other universal succession), amendment, or expiration (excluding expiration by error) of a pledge right over a patent or an exclusive license or restrictions on the disposal of such pledge right.
(2) When a patent, exclusive license, or pledge right is transferred by inheritance or other universal succession as referred to in paragraph (1), a report thereon shall be filed without delay with the Commissioner of the Korean Intellectual Property Office.[This Article Wholly Amended on Jun. 11, 2014]