Article 189Restriction on Rights in Relation to Shareholdings Less than One Unit
第百八十九条（単元未満株式についての権利の制限等）
Shareholders who hold shares in a number less than one share unit (hereinafter referred to respectively as "holder of shares less than one unit" and "shares less than one unit") may not exercise voting right at a shareholders meeting or general meeting of class shareholders with respect to their shares less than one unit.
A stock company may provide in the articles of incorporation to the effect that holders of shares less than one unit may not exercise some or all rights, other than the following rights, with respect to the relevant shares less than one unit:
the right to take delivery of the consideration for acquisition provided for in Article 171, paragraph (1), item (i);
第百七十一条第一項第一号に規定する取得対価の交付を受ける権利
the right to take delivery of monies, etc. in exchange for the acquisition by the stock company of shares subject to call;
the right to receive the allotment of shares without contribution provided for in Article 185;
第百八十五条に規定する株式無償割当てを受ける権利
the right to demand the purchase of the shares less than one unit pursuant to the provisions of Article 192, paragraph (1);
the right to receive the distribution of residual assets;
残余財産の分配を受ける権利
beyond what is set forth in the preceding items, any matters prescribed by Ministry of Justice Order.
前各号に掲げるもののほか、法務省令で定める権利
A share certificate-issuing company may provide in the articles of incorporation to the effect that it may elect to not issue share certificates representing shares less than one unit.