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 Article 230-5 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 Article 220-3, paragraph (1), item (i) or item (iv) 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旧商法第二百三十条ノ五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、新商法第二百二十条ノ三第二項の規定により端株主に対して同条第一項第一号又は第四号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 Article 220-3, paragraph (1), item (iii) 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、新商法第二百二十条ノ三第二項の規定により端株主に対して同条第一項第三号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 Article 230-5 of the Former Commercial Code.
この法律の施行の際旧商法第二百三十条ノ五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。
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)
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.