A stock company acquires the shares with put options relating to a demand pursuant to the provisions of paragraph (1) of the preceding Article on the day of relevant demand.
In the cases set forth in the following items, a shareholder who submits a demand pursuant to the provisions of paragraph (1) of the preceding Article becomes a person specified in each of those items in accordance with the provisions with respect to the matters provided for in Article 107, paragraph (2), item (ii) (or, for a company with class shares, Article 108, paragraph (2), item (v)) on the day of the demand:
次の各号に掲げる場合には、前条第一項の規定による請求をした株主は、その請求の日に、第百七条第二項第二号（種類株式発行会社にあっては、第百八条第二項第五号）に定める事項についての定めに従い、当該各号に定める者となる。
if there are provisions on the matters set forth in Article 107, paragraph (2), item (ii), (b):holders of the bonds referred to (b) of that item;
第百七条第二項第二号ロに掲げる事項についての定めがある場合 同号ロの社債の社債権者
if there are provisions on the matters set forth in Article 107, paragraph (2), item (ii), (c):share option holders referred to (c) of that item;
第百七条第二項第二号ハに掲げる事項についての定めがある場合 同号ハの新株予約権の新株予約権者
if there are provisions on the matters set forth in Article 107, paragraph (2), item (ii), (d):holders of bonds constituting the bonds with share option referred to in (d) of that item, and the holders of share options attached to those bonds;
第百七条第二項第二号ニに掲げる事項についての定めがある場合 同号ニの新株予約権付社債についての社債の社債権者及び当該新株予約権付社債に付された新株予約権の新株予約権者
if there are provisions on the matters set forth in Article 108, paragraph (2), item (v), (b):holders of the relevant other shares under (b) of that item.
第百八条第二項第五号ロに掲げる事項についての定めがある場合 同号ロの他の株式の株主
In the cases provided for in item (iv) of the preceding paragraph, if the number of the relevant other shares provided for in that item includes a fractional share, it is to be rounded off. In these cases, unless otherwise provided in the articles of incorporation, the stock company must, in accordance with the categories of the cases set forth in the following items, deliver to the shareholders who submitted demands pursuant to the provisions of paragraph (1) of the preceding Article the monies in the amount equivalent to the amount obtained by multiplying the amount provided for in each of these items by the fractional share:
if relevant shares are shares with a market price:the amount calculated by the method prescribed by Ministry of Justice Order as the amount of the market price of one relevant share;
当該株式が市場価格のある株式である場合 当該株式一株の市場価格として法務省令で定める方法により算定される額
in cases other than the cases set forth in the preceding item:the amount of net assets per share.
The provisions of the preceding paragraph apply mutatis mutandis to cases where there is a fractional share with respect to the bonds and share options of the stock company. In these cases, the term "amount of net assets per share" in item (ii) of that paragraph is deemed to be replaced with "the amount prescribed by Ministry of Justice Order".
Read this with the articles around it
(Special Provisions on Features of Shares)
regarding the fact that shareholders may demand that relevant stock company acquire relevant shares held by relevant shareholders: the matters set forth below:
当該株式について、株主が当該株式会社に対してその取得を請求することができること 次に掲げる事項
Open this provision(Shares of Different Classes)
regarding the fact that shareholders may demand that relevant stock company acquire relevant class shares held by the shareholders: the following matters:
当該種類の株式について、株主が当該株式会社に対してその取得を請求することができること 次に掲げる事項
Open this provision(Demand for Acquisition)
Shareholders of shares with put options may demand that the stock company acquire the shares with put options held by these shareholders; provided, however, that this does not apply if…
取得請求権付株式の株主は、株式会社に対して、当該株主の有する取得請求権付株式を取得することを請求することができる。ただし、当該取得請求権付株式を取得するのと引換えに第百七条第二項第二号ロからホまでに規定する財産を交付する場合において…
Open this provision(Effectuation)
if there are provisions on the matters set forth in Article 108, paragraph (2), item (v), (b):holders of the relevant other shares under (b) of that item.
第百八条第二項第五号ロに掲げる事項についての定めがある場合 同号ロの他の株式の株主
Open this provision(Effectuation)
In the cases provided for in item (iv) of the preceding paragraph, if the number of the relevant other shares provided for in that item includes a fractional share, it is to be rounded off.
前項第四号に掲げる場合において、同号に規定する他の株式の数に一株に満たない端数があるときは、これを切り捨てるものとする。この場合においては、株式会社は、定款に別段の定めがある場合を除き、次の各号に掲げる場合の区分に応じ…
Open this provision(Effectuation)
if relevant shares are shares with a market price:the amount calculated by the method prescribed by Ministry of Justice Order as the amount of the market price of one relevant share;
当該株式が市場価格のある株式である場合 当該株式一株の市場価格として法務省令で定める方法により算定される額
Open this provision(Effectuation)
in cases other than the cases set forth in the preceding item:the amount of net assets per share.
前号に掲げる場合以外の場合 一株当たり純資産額
Open this provisioncompany with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· applies throughout the law
shares with put options
「取得請求権付株式」
Shares whose terms let the shareholder demand that the company acquire them.
Defined inArticle 2, paragraph (1), item (xviii)· applies throughout the law
share option
「新株予約権」
A right that entitles its holder, by exercising it against a stock company, to receive shares of that company.
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
bonds with share options
「新株予約権付社債」
A bond with share options attached to it.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
net assets per share
「一株当たり純資産額」
The value of a stock company's net assets (what it owns minus what it owes) for each share, worked out by the method set by Ministry of Justice Order (法務省令) — used, for example, to fix the money a company must deposit under Article 141 when it buys shares whose transfer it has refused to approve.
Defined inArticle 141, paragraph (2)
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.