Supplementary Provisions, Article 9Transitional Measures on Exemption from the Liability of a Company Auditor
第九条（監査役の責任の免除に関する経過措置）
The provisions of Article 266, paragraph (7) of the Amended Commercial Code, which apply with the replacement of terms pursuant to Article 266, paragraph (18) of the Amended Commercial Code as applied mutatis mutandis in Article 280, paragraph (1) of the Amended Commercial Code, Article 266, paragraph (8), paragraphs (10) and (11) of the Amended Commercial Code, Article 266, paragraph (12) of the Amended Commercial Code, which apply with the replacement of terms pursuant to Article 266, paragraph (18) of the Amended Commercial Code, and Article 266, paragraphs (14) through (16) of the Amended Commercial Code do not apply to exemption from the liability of a company auditor for acts prior to the enforcement of this Act.
新商法第二百八十条第一項において準用する新商法第二百六十六条第十八項の規定により読み替えて適用する同条第七項、同条第八項、第十項及び第十一項、同条第十八項の規定により読み替えて適用する同条第十二項並びに同条第十四項から第十六項までの規定は、この法律の施行前の行為に関する監査役の責任の免除については、適用しない。
Amended Commercial Codemachine translation
「新商法」
This Act as amended by Act No. 149 of 2001.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
company auditor
監査役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)), whose job is to audit how the directors carry out their duties and to write an audit report on it (Article 381, paragraph (1)). Not an outside accountant — that is the financial auditor (会計監査人) — and not a director: a company auditor may not also be a director or employee of the company or its subsidiaries (Article 335, paragraph (2)). The term normally runs to the annual shareholders meeting for the last business year ending within four years of election (Article 336, paragraph (1)).
Written by AI using Companies Act, Arts. 329, 335, 336, 381 as a reference.