Shareholders may pledge the shares which they hold.
株主は、その有する株式に質権を設定することができる。
Pledging shares in a share certificate-issuing company does not become effective unless the share certificates representing those shares are delivered.
株券発行会社の株式の質入れは、当該株式に係る株券を交付しなければ、その効力を生じない。
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share certificate-issuing company
「株券発行会社」
A stock company whose articles of incorporation provide that it issues share certificates for its shares (for a company with class shares, for shares of every class).
Defined inArticle 117, paragraph (7)