①The determination by a stock company as to whether or not to grant approval under Article 262 or Article 263, paragraph (1) must be made by a resolution at a shareholders meeting (or at a board of directors meeting for a company with board of directors);provided, however, that this does not apply in cases where it is otherwise provided for as a feature of the share options.

②If a stock company has made a determination under the preceding paragraph, it must notify the person who made the requests for approval of transfer of the content of relevant determination.