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Article 428Special Provisions on Transactions Carried Out by Director for Themselves

第四百二十八条(取締役が自己のためにした取引に関する特則)

A director or executive officer who has carried out transactions under Article 356, paragraph (1), item (ii) (including cases of mutatis mutandis application under Article 419, paragraph (2)) (limited to transactions carried out for themselves) may not be exempted from the liability under Article 423, paragraph (1) for the reason that the neglect of their duties was due to grounds not attributable to relevant directors or executive officers.

第三百五十六条第一項第二号第四百十九条第二項において準用する場合を含む。)の取引(自己のためにした取引に限る。)をした取締役又は執行役の第四百二十三条第一項の責任は、任務を怠ったことが当該取締役又は執行役の責めに帰することができない事由によるものであることをもって免れることができない。

The provisions of the preceding three Articles do not apply to the liability in the preceding paragraph.

前三条の規定は、前項の責任については、適用しない。

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