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。
(Demand for Purchase of Holder of Shares Less than One Unit)
A holder of shares less than one unit who makes a demand pursuant to the provisions of paragraph (1) may withdraw relevant demand only if the approval of the stock company is obtained.
第一項の規定による請求をした単元未満株主は、株式会社の承諾を得た場合に限り、当該請求を撤回することができる。
Open this provision(Determination of Price of Shares Less than One Unit)
If the demand pursuant to the provisions of paragraph (1) of the preceding Article is made, the amount provided for in each of the following items in accordance with the categories of the cases set…
前条第一項の規定による請求があった場合には、次の各号に掲げる場合の区分に応じ、当該各号に定める額をもって当該請求に係る単元未満株式の価格とする。
Open this provision(Determination of Price of Shares Less than One Unit)
In the cases set forth in item (ii) of the preceding paragraph, the holder of shares less than one unit who made the demand pursuant to the provisions of paragraph (1) of the preceding Article…
前項第二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単元未満株主又は株式会社は、当該請求をした日から二十日以内に、裁判所に対し、価格の決定の申立てをすることができる。
Open this provision(Determination of Price of Shares Less than One Unit)
In order to make the determination under the preceding paragraph, the court must consider the financial condition of the stock company at the time of the demand pursuant to the provisions of…
裁判所は、前項の決定をするには、前条第一項の規定による請求の時における株式会社の資産状態その他一切の事情を考慮しなければならない。
Open this provision(Determination of Price of Shares Less than One Unit)
Notwithstanding the provisions of paragraph (1), if petition is filed under paragraph (2) within the period provided for in that paragraph, the amount determined by the court in response to relevant…
第一項の規定にかかわらず、第二項の期間内に同項の申立てがあったときは、当該申立てにより裁判所が定めた額をもって当該単元未満株式の価格とする。
Open this provision(Determination of Price of Shares Less than One Unit)
Notwithstanding the provisions of paragraph (1), in the cases set forth in item (ii) of that paragraph, if no petition is filed under paragraph (2) within the period provided for in that paragraph…
第一項の規定にかかわらず、同項第二号に掲げる場合において、第二項の期間内に同項の申立てがないとき（当該期間内に第一項第二号の協議が調った場合を除く。）は、一株当たり純資産額に前条第一項の規定による請求に係る単元未満株式の数を乗じて得た額をもって当該単元未満株式の価格とする。
Open this provision(Determination of Price of Shares Less than One Unit)
The purchase of the shares related to the demand pursuant to the provisions of paragraph (1) of the preceding Article becomes effective as at payment for the shares.
前条第一項の規定による請求に係る株式の買取りは、当該株式の代金の支払の時に、その効力を生ずる。
Open this provisionA 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…
株式会社は、単元未満株主が当該株式会社に対して単元未満株式売渡請求（単元未満株主が有する単元未満株式の数と併せて単元株式数となる数の株式を当該単元未満株主に売り渡すことを請求することをいう。以下この条において同じ。）をすることができる旨を定款で定めることができる。
Open this provisionDemand 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…
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。
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
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.