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Article 128
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A company limited by shares shall have two or more promoters.
Any person without disposing capacity, with limited disposing capacity or having been adjudicated of the commencement of assistantship and such assistantship having not been revoked yet is not qualified as a promoter.
Any government agency or any juristic person may become a promoter, provided, however, that the juristic person eligible to act as a promoter shall be limited to that conforming to any of the following requirements:
- a company or a limited partnership;
- a juristic person which contributes any proprietary technology or intellectual property right created on its own through research and development as its investment capital contribution; or
- a juristic person which is operating a category of business that has been recognized and approved to be in conformity with the objective of its incorporation by the central authority in charge of the end enterprise involved.
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