By a resolution at a bondholders meeting, one or more representative bondholders from among bondholders who hold bonds representing not less than one thousandth of the total amount of bonds of the relevant class (excluding amounts already redeemed) may be appointed, and decisions on the matters on which resolutions are to be passed at bondholders meetings may be entrusted to the representative bondholders.
The provisions of Article 718, paragraph (2) apply mutatis mutandis to the total amount of the bonds provided for in the preceding paragraph.
If there are two or more representative bondholders, unless otherwise provided for at a bondholders meeting, the decisions on the matters provided for in paragraph (1) are made by a majority of those representative bondholders.
代表社債権者が二人以上ある場合において、社債権者集会において別段の定めを行わなかったときは、第一項に規定する事項についての決定は、その過半数をもって行う。
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bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
class
「種類」
The features that identify a kind of bond, such as its interest rate and how it is repaid, as listed in Article 676, items (iii) to (viii)-2 and by Ministry of Justice Order (法務省令).
Short name set inArticle 681, paragraph (1), item (i)· applies only in this part