Supplementary Provisions, Article 5Restrictions on Disposal of Own Shares, etc.
第五条(自己の株式の処分の制限等)
A stock company must not, until March 31, 2002, dispose of the own shares it holds, except in the cases prescribed in Articles 356, 374-19 and 409-2 of the Amended Commercial Code and in the following paragraph.
株式会社は、平成十四年三月三十一日までの間、新商法第三百五十六条、第三百七十四条ノ十九及び第四百九条ノ二並びに次項に規定する場合を除き、その有する自己の株式を処分してはならない。
A company that has purchased shares on the basis of a resolution under Article 210-2, paragraph (2) of the Former Commercial Code may transfer those shares within the scope of that resolution. In this case, the provisions of Part II, Chapter II, Section 8 of the Companies Act (Act No. 86 of 2005) do not apply.
旧商法第二百十条ノ二第二項の決議に基づいて株式を買い受けた会社は、その株式をその決議の範囲内で譲渡することができる。この場合においては、会社法(平成十七年法律第八十六号)第二編第二章第八節の規定は、適用しない。
Former Commercial Codemachine translation
「旧商法」
This Act as it stood before Act No. 79 of 2001 amended it.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
Amended Commercial Codemachine translation
「新商法」
This Act as amended by Act No. 79 of 2001.
Short name set inSupplementary Provisions, Article 3, paragraph (1)