The Conflict between the Principle of Residual Asset Reversion in Non-Profit Corporations and Article 19 of the Act on Support for Structural Improvement of Private Universities: Focusing on the Legal Limits of the Dissolution Settlement Payment System

View at Publisher

Ask AI

Bookmark

Share

Key Points

The paper examines the legal changes brought by Article 19 of the Act on Support for Structural Improvement of Private Universities in relation to residual asset reversion.
An analysis of existing laws on residual asset allocation and their developments over time.
A constitutional evaluation of the implications for private university dissolution and asset distribution.
Assessment of suggested reforms to the dissolution settlement payment system.
Article 19 allows private reversion of assets, conflicting with non-profit principles, which could enable founders to retain assets.
The determination of settlement payments based on vague legal standards raises questions about fairness and clarity.
The temporary nature of the law creates permanent legal impacts on asset reversion, introducing a structural paradox.

Answers are grounded in this paper and cite their sources.

Analysis reveals legal tensions in asset reversion for non-profits and structural support for private universities, suggesting reforms.

No abstract yet. The journal hasn't published one we can show.

No takes yet. Share an insight, caveat, or question.

Sang-Hoon Lee (2026) studied this question.

View at Publisher

Ask AI

Bookmark

Share