| Jurisdiction | |||
|---|---|---|---|
| Title | Mutual Savings and Finance Company Act. | ||
| Instrument Number | 2779 | GLIN ID | 79207 |
| Instrument Class |
Law ![]() Find Additional Information
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Issuance Date | 25/12/1975 |
| Publication |
Kwanbo ![]() Find Additional Information
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| Publication Issue Number |
7106 ![]() Find Additional Information
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Publication Date | 25/12/1975 |
| Publication Specifics | |||
| Related Legal Resources | No related legal resources available | ||
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Summary (English) |
Law 2779 of July 25, 1975 amends the Mutual Savings and Finance Company Act. Provides that the Minister of Finance may issue an order to increase paid-in capital amount of mutual savings and finance companies if necessary, and an order to deposit whole or part of the increased capital amount; and provides that if there is possibility to harm public interests due to savings and finance company's insolvent operation or financial status, the Minister of Finance may issue an order of moratorium, order to transfer contracts, manage business and assets, transfer and merge business, modify contract, such as, contract amount, etc., modify business purposes, change directors, prohibit changing shareholders' names, etc.. (40articles; 820(8)-820(13)pp.)
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| Full Texts | Korean | Full Text 1 (756.22kb) (PDF Help) | |
| Full Text Security Policy | |||
| External References | No external references available | ||
| Subject Terms |
Associations ;
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Banks and financial institutions ;
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Commercial code ;
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Consumer protection ;
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Contracts ;
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Interest ;
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Investments ;
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