If a stock company has prescribed the matters set forth in Article 199, paragraph (1), item (iii), the stock company must file a petition to the court, without delay after the determination of the subscription requirements, for the appointment of an inspector in order to have the inspector investigate the value of the property provided for in that item (hereinafter in this Section referred to as "property contributed in kind").
株式会社は、第百九十九条第一項第三号に掲げる事項を定めたときは、募集事項の決定の後遅滞なく、同号の財産（以下この節において「現物出資財産」という。）の価額を調査させるため、裁判所に対し、検査役の選任の申立てをしなければならない。
If the petition referred to in the preceding paragraph has been filed, the court must appoint an inspector, except if it dismisses the petition as unlawful.
前項の申立てがあった場合には、裁判所は、これを不適法として却下する場合を除き、検査役を選任しなければならない。
If the court has appointed the inspector under the preceding paragraph, it may fix the amount of the remuneration that the stock company pays to relevant inspector.
裁判所は、前項の検査役を選任した場合には、株式会社が当該検査役に対して支払う報酬の額を定めることができる。
The inspector referred to in paragraph (2) must conduct the necessary investigation and submit a report to the court by providing it with a document detailing the results of the investigation or with an electronic or magnetic record (limited to one as prescribed by Ministry of Justice Order) in which these have been recorded.
If the court finds it necessary to clarify the contents of the report under the preceding paragraph or to confirm the grounds supporting that report, it may request that the inspector referred to in the paragraph (2) submit a further report referred to in the preceding paragraph.
If the inspector referred to in the paragraph (2) has submitted the report referred to in paragraph (4), the inspector must deliver a copy of the document referred to in that paragraph to the stock company or use a means prescribed by Ministry of Justice Order to provide it with the information recorded in the electronic or magnetic record referred to in that paragraph.
If the court receives a report referred to in the paragraph (4), if it finds the value provided for in Article 199, paragraph (1), item (iii) with respect to property contributed in kind (excluding a value not subjected to investigation by the inspector referred to in the paragraph (2)) to be improper, it must issue a ruling changing that value.
裁判所は、第四項の報告を受けた場合において、現物出資財産について定められた第百九十九条第一項第三号の価額（第二項の検査役の調査を経ていないものを除く。）を不当と認めたときは、これを変更する決定をしなければならない。
If the value of property contributed in kind has been changed, in whole or in part, because of a ruling under the preceding paragraph, the subscriber for shares for subscription (limited to a person who tenders property contributed in kind; hereinafter the same applies in this Article) may rescind the manifestation of intention relating to applications for subscription for shares for subscription or relating to the contract provided for in Article 205, paragraph (1), limited to within one week from the finalization of that ruling.
The provisions of the preceding paragraphs do not apply in the cases in each of the following items with respect to the matters prescribed respectively in those items:
前各項の規定は、次の各号に掲げる場合には、当該各号に定める事項については、適用しない。
if the total number of the shares to be allotted to the subscribers for the shares for subscription does not exceed one tenth of the total number of issued shares:the value of the property contributed in kind tendered by the subscribers for relevant shares for subscription;
if the total sum of the value provided for under Article 199, paragraph (1), item (iii) with respect to the property contributed in kind does not exceed 5,000,000 yen:the value of relevant property contributed in kind;
現物出資財産について定められた第百九十九条第一項第三号の価額の総額が五百万円を超えない場合 当該現物出資財産の価額
if the value of the securities with market price provided for under Article 199, paragraph (1), item (iii) with respect to property contributed in kind does not exceed the value calculated by the method prescribed by Ministry of Justice Order as the market price of the securities:the value of the property contributed in kind with respect to the securities;
現物出資財産のうち、市場価格のある有価証券について定められた第百九十九条第一項第三号の価額が当該有価証券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ものを超えない場合 当該有価証券についての現物出資財産の価額
if the verification of an attorney, a legal professional corporation, a lawyer and registered foreign lawyer joint corporation, a certified public accountant, an audit corporation, a certified public tax accountant or a tax accountancy corporation (or if the property contributed in kind consist of real estate, relevant verification and an appraisal by a real estate appraiser; hereinafter the same applies in this item) is obtained with respect to the reasonableness of the value provided for under Article 199, paragraph (1), item (iii) with respect to property contributed in kind:the value of the property contributed in kind for which verification has been obtained;
現物出資財産について定められた第百九十九条第一項第三号の価額が相当であることについて弁護士、弁護士法人、弁護士・外国法事務弁護士共同法人、公認会計士、監査法人、税理士又は税理士法人の証明（現物出資財産が不動産である場合にあっては、当該証明及び不動産鑑定士の鑑定評価。以下この号において同じ。）を受けた場合 当該証明を受けた現物出資財産の価額
if the property contributed in kind consist of a money claim (limited to claims that have already fallen due) to the stock company, and the value provided for under Article 199, paragraph (1), item (iii) with respect to the money claim does not exceed the book value of the debt representing relevant monetary claim:the value of the property contributed in kind with respect to relevant monetary claim.
現物出資財産が株式会社に対する金銭債権（弁済期が到来しているものに限る。）であって、当該金銭債権について定められた第百九十九条第一項第三号の価額が当該金銭債権に係る負債の帳簿価額を超えない場合 当該金銭債権についての現物出資財産の価額
None of the following persons can provide the verification provided in item (iv) of the preceding paragraph:
次に掲げる者は、前項第四号に規定する証明をすることができない。
a director, an accounting advisor, a company auditor or executive officer, or an employee including a manager;
取締役、会計参与、監査役若しくは執行役又は支配人その他の使用人
a subscriber for shares for subscription;
募集株式の引受人
a person who is subject to a suspension of operations for whom the period of that suspension has not elapsed yet; or
業務の停止の処分を受け、その停止の期間を経過しない者