Article 213Liabilities of Directors in Case of Shortfall in Value of Property Contributed
第二百十三条（出資された財産等の価額が不足する場合の取締役等の責任）
In the cases set forth in paragraph (1), item (ii) of the preceding Article, the following persons (hereinafter in this Article referred to as "directors, etc.") are liable to the stock company for payment of the amounts specified in relevant items:
executive directors who carried out duties regarding the solicitation of subscribers for relevant shares for subscription (or, for a company with nominating committee, etc., executive officers; hereinafter the same applies in this item) and other persons prescribed by Ministry of Justice Order as persons who were involved, in the performance of their duties, in the execution of the business of the executive directors;
当該募集株式の引受人の募集に関する職務を行った業務執行取締役（指名委員会等設置会社にあっては、執行役。以下この号において同じ。）その他当該業務執行取締役の行う業務の執行に職務上関与した者として法務省令で定めるもの
if a resolution regarding the determination of the value of property contributed in kind is passed at a shareholders meeting, the persons prescribed by Ministry of Justice Order as the directors who submitted proposals to relevant shareholders meeting;
現物出資財産の価額の決定に関する株主総会の決議があったときは、当該株主総会に議案を提案した取締役として法務省令で定めるもの
if a resolution regarding the determination of the value of property contributed in kind is passed at a board of directors meeting, the persons prescribed by Ministry of Justice Order as the directors (or, for a company with nominating committee, etc., directors or executive officers) who submitted proposals to relevant board of directors meeting.
現物出資財産の価額の決定に関する取締役会の決議があったときは、当該取締役会に議案を提案した取締役（指名委員会等設置会社にあっては、取締役又は執行役）として法務省令で定めるもの
Notwithstanding the provisions of the preceding paragraph, the directors, etc. are not liable for property contributed in kind under that paragraph in the cases set forth below:
an investigation has been carried out by an inspector under Article 207, paragraph (2) with respect to the value of the property contributed in kind; or
relevant directors, etc. have proven that they did not fail to exercise due care with respect to the performance of their duties.
当該取締役等がその職務を行うについて注意を怠らなかったことを証明した場合
In the cases provided for in paragraph (1), the person who submitted the verification provided for in Article 207, paragraph (9), item (iv) (hereinafter in this Article referred to as "verifying person") is liable for payment of the amount provided for in paragraph (1), item (ii) of the preceding Article to the stock company; provided, however, that this does not apply if relevant verifying person has proven that the verifying person did not fail to exercise care with respect to the submission of the verification.
第一項に規定する場合には、第二百七条第九項第四号に規定する証明をした者（以下この条において「証明者」という。）は、株式会社に対し前条第一項第二号に定める額を支払う義務を負う。ただし、当該証明者が当該証明をするについて注意を怠らなかったことを証明したときは、この限りでない。
If a subscriber for shares for subscription bears an obligation to pay an amount provided for in paragraph (1), item (ii) of the preceding Article with respect to property contributed in kind tendered by the subscriber, if the persons set forth as follows bear obligations provided for in relevant items with respect to relevant property contributed in kind, theses persons will be joint and several obligors:
directors, etc.:the obligations under paragraph (1); and
verifying persons:the obligations under the main clause of the preceding paragraph.
Read this with the articles around it
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。
Open this provisionif the verification of an attorney, a legal professional corporation, a lawyer and registered foreign lawyer joint corporation, a certified public accountant, an audit corporation…
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…
Open this provision(Liabilities of Persons Who Subscribed for Shares with Unfair Amount to Be Paid in)
if the value of the property contributed in kind that the subscriber tendered when the subscriber became a shareholder of the shares for subscription pursuant to the provisions of Article 209…
第二百九条第一項の規定により募集株式の株主となった時におけるその給付した現物出資財産の価額がこれについて定められた第百九十九条第一項第三号の価額に著しく不足する場合 当該不足額
Open this provision(Liabilities of Directors in Case of Shortfall in Value of Property Contributed)
In the cases set forth in paragraph (1), item (ii) of the preceding Article, the following persons (hereinafter in this Article referred to as "directors, etc.") are liable to the stock company for…
前条第一項第二号に掲げる場合には、次に掲げる者（以下この条において「取締役等」という。）は、株式会社に対し、同号に定める額を支払う義務を負う。
Open this provision(Liabilities of Directors in Case of Shortfall in Value of Property Contributed)
In the cases set forth in paragraph (1), item (ii) of the preceding Article, the following persons (hereinafter in this Article referred to as "directors, etc.") are liable to the stock company for…
前条第一項第二号に掲げる場合には、次に掲げる者（以下この条において「取締役等」という。）は、株式会社に対し、同号に定める額を支払う義務を負う。
Open this provision(Liabilities of Directors in Case of Shortfall in Value of Property Contributed)
executive directors who carried out duties regarding the solicitation of subscribers for relevant shares for subscription…
当該募集株式の引受人の募集に関する職務を行った業務執行取締役（指名委員会等設置会社にあっては、執行役。以下この号において同じ。）その他当該業務執行取締役の行う業務の執行に職務上関与した者として法務省令で定めるもの
Open this provision(Liabilities of Directors in Case of Shortfall in Value of Property Contributed)
In the cases provided for in paragraph (1), the person who submitted the verification provided for in Article 207, paragraph (9), item (iv)…
第一項に規定する場合には、第二百七条第九項第四号に規定する証明をした者（以下この条において「証明者」という。）は、株式会社に対し前条第一項第二号に定める額を支払う義務を負う。ただし、当該証明者が当該証明をするについて注意を怠らなかったことを証明したときは、この限りでない。
Open this provisioncompany with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
executive director
「業務執行取締役」
A director who runs a stock company's business: the representative director, any director chosen by the board to execute its business under Article 363, paragraph (1), and any other director who has in fact executed its business.
Defined inArticle 2, paragraph (1), item (xv), (a)
shares for subscription
「募集株式」
Shares, newly issued or held by the company itself, that a stock company allots to the persons who applied for them in response to its invitation to subscribe.
Defined inArticle 199, paragraph (1)· applies only in this section
property contributed in kind
「現物出資財産」
Property other than money that subscribers for shares for subscription contribute in place of money, as the subscription requirements provide, whose value the company must generally have checked by an inspector (検査役) the court appoints.
Short name set inArticle 207, paragraph (1)· applies only in this section
directors, etc.
「取締役等」
The directors and executive officers involved in an issue of shares (Article 213) or of share options (Article 286) who must pay the company the shortfall when property contributed in kind turns out to be worth far less than the value set on it.
Short name set inArticle 213, paragraph (1)· applies only in this article
verifying person
「証明者」
A professional such as a lawyer, certified public accountant or tax accountant who certified that the value set on property contributed in kind was fair, and who must help make up the shortfall if it turns out to be worth far less, unless they show they took due care.
Short name set inArticle 213, paragraph (3)· applies only in this article
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.