Article 774-10Cases Where the Number of Offered Shares of the Subsidiary Company Resulting from a Partial Share Exchange Is Less than the Minimum
第七百七十四条の十(申込みがあった株式交付子会社の株式の数が下限の数に満たない場合)
The provisions of Article 774-5 and Article 774-7 (excluding the part related to paragraph (1), item (ii)) (including cases where these provisions apply mutatis mutandis pursuant to the preceding Article) do not apply if, on the day provided in Article 774-3, paragraph (1), item (x), the aggregate number of shares issued by the subsidiary company resulting from the partial share exchange offered to be transferred by offerors is less than the minimum provided in item (ii) of that paragraph. In these cases, the parent company resulting from a partial share exchange must without delay notify offerors to the effect that it does not effect the partial share exchange.