Article NO. Content

Title:

Company Act 

Amended Date: 2025.12.26 (Articles 387-1, 449 amended,English version coming soon)
Current English version amended on 2021.12.29 
Article 73     A company shall, upon adoption of a resolution to enter into the process of company merger or consolidation, prepare a balance sheet and an inventory of property.
    A company shall, after having resolved to enter into the process of company merger or consolidation, give a notice to each creditor of the company as well as a public notice of such resolution, and shall fix a time limit of not less than thirty (30) days within which the creditors may raise their objections, if any, to such resolution.