Article 52Liability for Insufficiency of Value of Properties Contributed
第五十二条（出資された財産等の価額が不足する場合の責任）
If the value of the property contributed in kind at formation of a stock company is substantially short of the value specified or recorded in the articles of incorporation with respect to relevant property contributed in kind (or if there is any amendment of the articles of incorporation, the value so amended), the incorporators and directors at incorporation are jointly and severally liable to relevant stock company for the payment of the amount of relevant shortfall.
Notwithstanding the provisions of the preceding paragraph, the incorporators (excluding those who contributed in kind under Article 28, item (i) or the transferor of the property under item (ii) of the same Article; the same applies in item (ii)) and directors at incorporation are not held liable in accordance with that paragraph with respect to the property contributed in kind in the following cases:
where the investigation by the inspector under Article 33, paragraph (2) has been carried out with respect to the matters set forth in Article 28, item (i) or item (ii); or
where relevant incorporators or directors at incorporation prove that they did not fail to exercise due care with respect to the performance of their duties.
当該発起人又は設立時取締役がその職務を行うについて注意を怠らなかったことを証明した場合
In the cases set forth in paragraph (1), the person who carried out the verification provided for in Article 33, paragraph (10), item (iii) (hereinafter in this paragraph referred to as "verifying person") is jointly and severally liable with the person who assumes the liability under paragraph (1) for the payment of the amount of the shortfall under that paragraph; provided, however, that this does not apply if relevant verifying person prove that the verifying person did not fail to exercise due care with respect to the carrying out relevant verification.
第一項に規定する場合には、第三十三条第十項第三号に規定する証明をした者（以下この項において「証明者」という。）は、第一項の義務を負う者と連帯して、同項の不足額を支払う義務を負う。ただし、当該証明者が当該証明をするについて注意を怠らなかったことを証明した場合は、この限りでない。
Read this with the articles around it
name of person who contribute by any property other than money, the description of relevant property and the value thereof, and the number of the shares issued at incorporation that are to be…
金銭以外の財産を出資する者の氏名又は名称、当該財産及びその価額並びにその者に対して割り当てる設立時発行株式の数（設立しようとする株式会社が種類株式発行会社である場合にあっては、設立時発行株式の種類及び種類ごとの数。第三十二条第一項第一号において同じ。）
Open this provisionproperty that is agreed to be transferred to the stock company after the formation thereof, the value thereof, and the name of the transferor;
株式会社の成立後に譲り受けることを約した財産及びその価額並びにその譲渡人の氏名又は名称
Open this provision(Appointment of Inspector of Information Specified or Recorded in the Articles of Incorporation)
if the verification of an attorney, a legal professional corporation, an attorney and registered foreign lawyer joint corporation, a certified public accountant…
現物出資財産等について定款に記載され、又は記録された価額が相当であることについて弁護士、弁護士法人、弁護士・外国法事務弁護士共同法人、公認会計士（外国公認会計士（公認会計士法（昭和二十三年法律第百三号）第十六条の二第五項に規定する外国公認会計士をいう。）を含む。以下同じ。）、監査法人…
Open this provision(Appointment of Inspector of Information Specified or Recorded in the Articles of Incorporation)
If the petition referred to in the preceding paragraph has been filed, the court must appoint the inspector except in case it dismisses the petition as non-conforming.
前項の申立てがあった場合には、裁判所は、これを不適法として却下する場合を除き、検査役を選任しなければならない。
Open this provision(Liability for Insufficiency of Value of Properties Contributed)
If the value of the property contributed in kind at formation of a stock company is substantially short of the value specified or recorded in the articles of incorporation with respect to relevant…
株式会社の成立の時における現物出資財産等の価額が当該現物出資財産等について定款に記載され、又は記録された価額（定款の変更があった場合にあっては、変更後の価額）に著しく不足するときは、発起人及び設立時取締役は、当該株式会社に対し、連帯して、当該不足額を支払う義務を負う。
Open this provision(Liability for Insufficiency of Value of Properties Contributed)
In the cases set forth in paragraph (1), the person who carried out the verification provided for in Article 33, paragraph (10), item (iii)…
第一項に規定する場合には、第三十三条第十項第三号に規定する証明をした者（以下この項において「証明者」という。）は、第一項の義務を負う者と連帯して、同項の不足額を支払う義務を負う。ただし、当該証明者が当該証明をするについて注意を怠らなかったことを証明した場合は、この限りでない。
Open this provisionproperty contributed in kind
「現物出資財産等」
The property other than money that incorporators contribute, and the property the company agrees to buy once formed, as listed in the articles of incorporation under Article 28, items (i) and (ii), whose value an inspector generally has to check.
Short name set inArticle 33, paragraph (10), item (i)· applies only in this chapter
director at incorporation
「設立時取締役」
A person who is to become a director when the stock company is formed.
Defined inArticle 38, paragraph (1)
verifying person
「証明者」
A professional such as a lawyer, certified public accountant or tax accountant who certified that the value set on property contributed in kind was fair, and who must help make up the shortfall if it turns out to be worth far less, unless they show they took due care.
Short name set inArticle 52, paragraph (3)· applies only in this paragraph
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.