Search

Search provisions, jump to a law or an article

1 article

Article 656Commencement of Bankruptcy Procedures with Respect to Liquidating Membership Companies

第六百五十六条(清算持分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 membership company are not sufficient to fully discharge its debts, liquidators must immediately file a petition for the commencement of bankruptcy procedures.

清算持分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 membership company is subject to a ruling for the commencement of bankruptcy procedures, if liquidators have transferred the administration of the same to the trustee in bankruptcy, liquidators are deemed to have completed their duties.

清算人は、清算持分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 membership company has already made payments to creditors or distributions to members, the trustee in bankruptcy may retrieve the same.

前項に規定する場合において、清算持分会社が既に債権者に支払い、又は社員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。

Read this in its chapter

© 2026 japanlaw.orgA copy for reading and reference — not an official source, and not legal advice. Only the Japanese text published by the government has legal effect.SourcesTermsPrivacy