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Article 267Pledging Share Options

第二百六十七条(新株予約権の質入れ)

Share option holders may pledge the share options held by the same.

新株予約権者は、その有する新株予約権に質権を設定することができる。

Notwithstanding the provisions of the preceding paragraph, share options attached to bonds with share option may not be pledged on a stand-alone basis;provided, however, that this does not apply if the bonds with respect to relevant bonds with share option are extinguished.

前項の規定にかかわらず、新株予約権付社債に付された新株予約権のみに質権を設定することはできない。ただし、当該新株予約権付社債についての社債が消滅したときは、この限りでない。

bonds with respect to bonds with share option may not be pledged on a stand-alone basis;provided, however, that this does not apply if the share options attached to relevant bonds with share option are extinguished.

新株予約権付社債についての社債のみに質権を設定することはできない。ただし、当該新株予約権付社債に付された新株予約権が消滅したときは、この限りでない。

Pledging share options for which certificates are issued does not become effective unless the share option certificates representing the share options for which certificates are issued have been delivered.

証券発行新株予約権の質入れは、当該証券発行新株予約権に係る新株予約権証券を交付しなければ、その効力を生じない。

Pledging share options attached to a bonds with share options for which a certificate is issued does not become effective unless the certificate representing the bonds with share options for such a bonds with share options for which a certificate is issued is delivered.

証券発行新株予約権付社債に付された新株予約権の質入れは、当該証券発行新株予約権付社債に係る新株予約権付社債券を交付しなければ、その効力を生じない。

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