Article 171-3Demand to Cease Acquisition of Shares Subject to Class-Wide Call
第百七十一条の三（全部取得条項付種類株式の取得をやめることの請求）
If acquisition of shares subject to class-wide call pursuant to the provisions of Article 171, paragraph (1) violates laws and regulations or the articles of incorporation, when shareholders are likely to suffer a disadvantage, shareholders may demand to cease the acquisition of the shares subject to class-wide call from the stock company.
第百七十一条第一項の規定による全部取得条項付種類株式の取得が法令又は定款に違反する場合において、株主が不利益を受けるおそれがあるときは、株主は、株式会社に対し、当該全部取得条項付種類株式の取得をやめることを請求することができる。
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shares subject to class-wide callmachine translation
「全部取得条項付種類株式」
A class of shares whose terms let the company acquire every share of that class by a resolution at a shareholders meeting, as provided for in Article 108, paragraph (1), item (vii).
Defined inArticle 171, paragraph (1)· applies only in this subsection
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.