A bankruptcy trustee may request any of the persons stated in the items of Article 40, paragraph (1) and any of the persons prescribed in paragraph (2) of that Article to give an explanation pursuant to the provisions of that Article, or may inspect books, documents, and any other objects relating to the bankruptcy estate.
A bankruptcy trustee may request a subsidiary company, etc. (meaning a corporation specified in each of the following items for the category stated in the respective items; the same applies in the following paragraph) of the bankrupt to give an explanation on the status of their business and property, or may inspect their books, documents, and any other materials if it is necessary to do so in order to perform their duties:
if the bankrupt is a stock company:a subsidiary company (meaning a subsidiary company prescribed in Article 2, item (iii) of the Companies Act) of the bankrupt;
if the bankrupt is a person other than a stock company:a stock company in which the bankrupt holds the majority of voting rights held by all shareholders; and
破産者が株式会社以外のものである場合 破産者が株式会社の総株主の議決権の過半数を有する場合における当該株式会社
If a subsidiary company, etc. of the bankrupt (limited to a person other than a stock company; the same applies below in this paragraph) independently holds or the bankrupt and the bankrupt's subsidiary company, etc. jointly hold the majority of voting rights held by all shareholders of another stock company, for the purpose of application of the provisions of the preceding paragraph, the other stock company is deemed to be a subsidiary company of the bankrupt.
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