|
Article 199-1
|
Where all directors of a company are re-elected, prior to the expiration of the term of office of existing directors, and in the absence of a resolution that existing directors will not be discharged until the expiry of their present term of office, all existing directors shall be deemed discharged in advance.
The aforesaid re-election shall be attended by shareholders who represent more than one-half of the total number of issued and outstanding shares.
|