A liquidator executes the operations of the liquidating membership company.
清算人は、清算持分会社の業務を執行する。
If there are two or more liquidators, the operations of the liquidating membership company are decided by a majority of the liquidators, unless otherwise provided for in the articles of incorporation.
清算人が二人以上ある場合には、清算持分会社の業務は、定款に別段の定めがある場合を除き、清算人の過半数をもって決定する。
Notwithstanding the provisions of the preceding paragraph, if there are two or more members, transfer of some or all of the business of a liquidating membership company is decided by a majority of the members.
Read this with the articles around it
(Execution of Business)
If there are two or more liquidators, the operations of the liquidating membership company are decided by a majority of the liquidators, unless otherwise provided for in the articles of incorporation.
清算人が二人以上ある場合には、清算持分会社の業務は、定款に別段の定めがある場合を除き、清算人の過半数をもって決定する。
Open this provisionliquidating membership companies
「清算持分会社」
A membership company that is being wound up, which is treated as still existing for the purposes of the liquidation until the liquidation is completed.
Short name set inArticle 645, paragraph (1)
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.