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Article 484Commencement of Bankruptcy Proceedings for Liquidating Stock Companies

第四百八十四条(清算株式会社についての破産手続の開始)

If it has become clear that the assets of a liquidating stock company are not sufficient to fully discharge its debts, liquidators must immediately file a petition for the commencement of bankruptcy proceedings.

清算株式会社の財産がその債務を完済するのに足りないことが明らかになったときは、清算人は、直ちに破産手続開始の申立てをしなければならない。

If a liquidating stock company has become subject to the ruling for the commencement of bankruptcy proceedings, if liquidators have transferred their administration to the trustee in bankruptcy, they are deemed to have completed their duties.

清算人は、清算株式会社が破産手続開始の決定を受けた場合において、破産管財人にその事務を引き継いだときは、その任務を終了したものとする。

In the cases provided for in the preceding paragraph, if the liquidating stock company has already made payments to creditors or distributions to shareholders, the trustee in bankruptcy may retrieve the same.

前項に規定する場合において、清算株式会社が既に債権者に支払い、又は株主に分配したものがあるときは、破産管財人は、これを取り戻すことができる。

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