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Article 16Cause of Commencement of Bankruptcy Proceedings Against Corporations

第十六条(法人の破産手続開始の原因)

For the purpose of application of the provisions of paragraph (1) of the preceding Article when the debtor is a corporation, the term "unable to pay debts" in that paragraph is deemed to be replaced with "unable to pay debts or insolvent (meaning the condition in which a debtor is unable to pay its debts in full with its property)".

債務者が法人である場合に関する前条第一項の規定の適用については、同項中「支払不能」とあるのは、「支払不能又は債務超過(債務者が、その債務につき、その財産をもって完済することができない状態をいう。)」とする。

The provisions of the preceding paragraph do not apply to any existing general partnership company or limited partnership company.

前項の規定は、存立中の合名会社及び合資会社には、適用しない。

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