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Supplementary Provisions, Article 7Transitional Measures on the Rights of Holders of Fractional Shares

第七条(端株主の権利に関する経過措置)

With regard to a stock company that, at the time this Act comes into effect, has no provision in its articles of incorporation under the first sentence of of the Former Commercial Code (including one that has received certification of the articles of incorporation before this Act comes into effect and is incorporated after this Act comes into effect), a resolution for an amendment to the articles of incorporation to the effect that the right set forth in or is not granted to holders of fractional shares pursuant to Article 220-3, paragraph (2) of the Amended Commercial Code is deemed to have been adopted on the day this Act comes into effect.

この法律の施行の際前段の規定による定款の定めがない株式会社(この法律の施行前に定款の認証を受け、この法律の施行後に成立するものを含む。)については、この法律の施行の日において、の規定により端株主に対して又はの権利を与えない旨の定款の変更の決議があったものとみなす。

With regard to a stock company existing at the time this Act comes into effect (including one that has received certification of the articles of incorporation before this Act comes into effect and is incorporated after this Act comes into effect), a resolution for an amendment to the articles of incorporation to the effect that the right set forth in is not granted to holders of fractional shares pursuant to Article 220-3, paragraph (2) of the Amended Commercial Code is deemed to have been adopted on the day this Act comes into effect.

この法律の施行の際現に存する株式会社(この法律の施行前に定款の認証を受け、この法律の施行後に成立するものを含む。)については、この法律の施行の日において、の規定により端株主に対しての権利を与えない旨の定款の変更の決議があったものとみなす。

The provisions then in force continue to govern the right to receive dividends or a distribution of money, or subscription rights, of a holder of fractional shares who is not a shareholder of a stock company that, at the time this Act comes into effect, has a provision in its articles of incorporation under the second sentence of of the Former Commercial Code.

この法律の施行の際後段の規定による定款の定めがある株式会社の端株主であって株主でないものの配当若しくは金銭の分配又は引受権を受ける権利に関しては、なお従前の例による。

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