Shareholders may diversely exercise voting rights they hold.
株主は、その有する議決権を統一しないで行使することができる。
For a company with board of directors, the shareholders under the preceding paragraph must notify the stock company that they will diversely exercise their voting rights and of the reason thereof no later than three days prior to the day of the shareholders meeting.
If the shareholders referred to in the paragraph (1) are not persons who hold the shares on behalf of others, the stock company may refuse the diverse exercise of voting rights held by relevant shareholders pursuant to the provisions of that paragraph.
Read this with the articles around it
company with board of directors
「取締役会設置会社」
A stock company that has a board of directors, or that this Act requires to have one.
Defined inArticle 2, paragraph (1), item (vii)· applies throughout the law
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.