A stock company may provide in the articles of incorporation to the effect that a holder of shares less than one unit may submit to relevant stock company a demand for the sale of shares less than one unit (meaning a demand that the stock company sell to a holder of shares less than one unit the number of shares which, together with the number of shares less than one unit held by relevant holder of shares less than one unit, will constitute one share unit; hereinafter the same applies in this Article).
Demand for the sale of shares less than one unit must be made by disclosing the number of the shares less than one unit to be sold to relevant holder of shares less than one unit (or, for a company with class shares, the classes of the shares less than one unit and the number of shares for each class).
単元未満株式売渡請求は、当該単元未満株主に売り渡す単元未満株式の数（種類株式発行会社にあっては、単元未満株式の種類及び種類ごとの数）を明らかにしてしなければならない。
A stock company that is subject to a demand for the sale of shares less than one unit must sell its treasury shares to relevant holders of shares less than one unit, unless the stock company does not hold, at the time of reception of relevant demand for the sale of shares less than one unit, treasury shares in a number corresponding to the number of the shares less than one unit provided for in the preceding paragraph.
単元未満株式売渡請求を受けた株式会社は、当該単元未満株式売渡請求を受けた時に前項の単元未満株式の数に相当する数の株式を有しない場合を除き、自己株式を当該単元未満株主に売り渡さなければならない。
The provisions of Article 192, paragraph (3), and paragraph (1) to paragraph (6) of the preceding Article apply mutatis mutandis to demand for the sale of shares less than one unit.
第百九十二条第三項及び前条第一項から第六項までの規定は、単元未満株式売渡請求について準用する。
company 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
share unit
「単元株式数」
The number of shares that a stock company's articles of incorporation make one unit, carrying one vote at a shareholders meeting.
Defined inArticle 2, paragraph (1), item (xx)· applies throughout the law
treasury sharesmachine translation
「自己株式」
Shares of a stock company that the company itself holds.
Defined inArticle 113, paragraph (4)
holder of shares less than one unit
「単元未満株主」
A shareholder who holds shares less than one unit, which carry no vote at shareholders meetings.
Short name set inArticle 189, paragraph (1)
shares less than one unit
「単元未満株式」
Shares fewer in number than one share unit, which carry no vote at shareholders meetings.
Short name set inArticle 189, paragraph (1)
demand for the sale of shares less than one unit
「単元未満株式売渡請求」
A demand by a holder of shares less than one unit, where the articles of incorporation allow it, that the company sell them enough shares to make up a full share unit.
Defined inArticle 194, paragraph (1)· applies only in this article
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.