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Supplementary Provisions, Article 4Transitional Measures Concerning Shares or Equity Interests in a Parent Company Held by a Subsidiary

第四条(子会社が有する親会社の株式又は持分に関する経過措置)

If, at the time this Act comes into effect, a subsidiary prescribed in Article 211-2 of the Commercial Code after amendment (including as applied mutatis mutandis pursuant to after amendment; the same applies hereinafter in this paragraph) holds shares or equity interests in a parent company prescribed in Article 211-2 of the Commercial Code after amendment, that subsidiary must dispose of those shares or equity interests within a reasonable time.

この法律の施行の際改正後の(改正後のにおいて準用する場合を含む。以下この項において同じ。)に規定する子会社が改正後のに規定する親会社の株式又は持分を有しているときは、その子会社は、相当の時期に、その株式又は持分の処分をしなければならない。

The provisions of Article 498, paragraph (1), item (xii) and paragraph (2) of the Commercial Code after amendment and and after amendment apply mutatis mutandis to the case where shares or equity interests have not been disposed of in violation of the provisions of the preceding paragraph.

改正後の及び並びに改正後の及びの規定は、前項の規定に違反して株式又は持分の処分をしなかつた場合について準用する。

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