Company Act Article 54Aug. 1, 2018

A shareholder, without the unanimous consent of all other shareholders, shall not be a shareholder of unlimited liability of another company or a partner in a partnership business.

A shareholder who conducts business of the company, shall not, on his own account or on behalf of another, engage in the same business as that of the company.

In case a shareholder who conducts business of the company violates the provisions of the preceding paragraph, all other shareholders may, by a majority of vote, consider the earnings in such an act as earnings of the company unless one year has lapsed since the realization of such earnings.

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