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Article 774-11Effectuation of a Partial Share Exchange

第七百七十四条の十一(株式交付の効力の発生等)

The parent company resulting from a partial share exchange acquires the shares and share options, etc. of the subsidiary company resulting from a partial share exchange delivered pursuant to the provisions of Article 774-7, paragraph (2) (including application mutatis mutandis pursuant to Article 774-9) on the effective day.

株式交付親会社は、効力発生日に、第七百七十四条の七第二項第七百七十四条の九において準用する場合を含む。)の規定による給付を受けた株式交付子会社の株式及び新株予約権等を譲り受ける。

The transferors of the shares of the subsidiary company resulting from a partial share exchange delivered pursuant to the provisions of Article 774-7, paragraph (2), in accordance with the provisions on the matters referred to in Article 774-3, paragraph (1), item (iv), becomes shareholders of the shares of the parent company resulting from a partial share exchange provided in item (iii) of that paragraph on the effective day.

第七百七十四条の七第二項の規定による給付をした株式交付子会社の株式の譲渡人は、効力発生日に、第七百七十四条の三第一項第四号に掲げる事項についての定めに従い、同項第三号株式交付親会社の株式の株主となる。

In the cases set forth in the following items, the transferors of the shares of the subsidiary company resulting from a partial share exchange delivered pursuant to the provisions of Article 774-7, paragraph (2), in accordance with the provisions on the matters referred to in Article 774-3, paragraph (1), item (vi), becomes the persons specified in each of those items.

次の各号に掲げる場合には、第七百七十四条の七第二項の規定による給付をした株式交付子会社の株式の譲渡人は、効力発生日に、第七百七十四条の三第一項第六号に掲げる事項についての定めに従い、当該各号に定める者となる。

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (v), (a): the holders of bonds referred to in (a) of that item;

第七百七十四条の三第一項第五号イに掲げる事項についての定めがある場合 同号イの社債の社債権者

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (v), (b): the holders of the share options referred to in (b) of that item; and

第七百七十四条の三第一項第五号ロに掲げる事項についての定めがある場合 同号ロの新株予約権の新株予約権者

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (v), (c): the holders of bonds constituting the bonds with share options set forth in (c) of that item and holders of the share options attached to those bonds.

第七百七十四条の三第一項第五号ハに掲げる事項についての定めがある場合 同号ハの新株予約権付社債についての社債の社債権者及び当該新株予約権付社債に付された新株予約権の新株予約権者

In the cases set forth in the following items, the transferors of the share options, etc. of the subsidiary company resulting from a partial share exchange delivered pursuant to the provisions of Article 774-7, paragraph (2) applied mutatis mutandis pursuant to Article 774-9, in accordance with the provisions on the matters set forth in Article 774-3, paragraph (1), item (ix), becomes the persons specified in each of those items.

次の各号に掲げる場合には、第七百七十四条の九において準用する第七百七十四条の七第二項の規定による給付をした株式交付子会社新株予約権等の譲渡人は、効力発生日に、第七百七十四条の三第一項第九号に掲げる事項についての定めに従い、当該各号に定める者となる。

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (viii), (a): the holders of the shares referred to in (a) of that item;

第七百七十四条の三第一項第八号イに掲げる事項についての定めがある場合 同号イの株式の株主

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (viii), (b): the holders of the bonds referred to in (b) of that item;

第七百七十四条の三第一項第八号ロに掲げる事項についての定めがある場合 同号ロの社債の社債権者

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (viii), (c): the holders of the share options referred to in (c) of that item; and

第七百七十四条の三第一項第八号ハに掲げる事項についての定めがある場合 同号ハの新株予約権の新株予約権者

if there are provisions on the matters set forth in Article 774-3, paragraph (1), item (viii), (d): the holders of bonds constituting the bonds with share options referred to in (d) of that item and holders of the share options attached to those bonds.

第七百七十四条の三第一項第八号ニに掲げる事項についての定めがある場合 同号ニの新株予約権付社債についての社債の社債権者及び当該新株予約権付社債に付された新株予約権の新株予約権者

The provisions of the preceding paragraph do not apply in the cases set forth below:

前各項の規定は、次に掲げる場合には、適用しない。

if the procedures provided in Article 816-8 are not completed on the effect of day;

効力発生日において第八百十六条の八の規定による手続が終了していない場合

if the partial share exchange is canceled;

株式交付を中止した場合

if the aggregate number of shares of the subsidiary company resulting from a partial share exchange delivered to the parent company resulting from a partial share exchange pursuant to the provisions of Article 774-7, paragraph (2) on the effective day is less than the minimum provided in Article 774-3, paragraph (1), item (ii); and

効力発生日において株式交付親会社第七百七十四条の七第二項の規定による給付を受けた株式交付子会社の株式の総数が第七百七十四条の三第一項第二号の下限の数に満たない場合

if there are no persons who become shareholders of the shares of the parent company resulting from a partial share exchange provided in Article 774-3, paragraph (1), item (iii) on the effective day pursuant to the provisions of paragraph (2).

効力発生日において第二項の規定により第七百七十四条の三第一項第三号株式交付親会社の株式の株主となる者がない場合

In the cases set forth in the items of the preceding paragraph, the parent company resulting from a partial share exchange must without delay provide notice to the persons set forth in each item of Article 774-7, paragraph (1) (including cases were applied mutatis mutandis pursuant to Article 774-9) that it will not effect the partial share exchange. In these cases, if there are shares or share options, etc. of the subsidiary company resulting from a partial share exchange that were delivered pursuant to the provisions of Article 774-7, paragraph (2) (including where applied mutatis mutandis pursuant to Article 774-9), the parent company resulting from a partial share exchange must without delay return the shares or share options, etc. to the transferors.

前項各号に掲げる場合には、株式交付親会社は、第七百七十四条の七第一項各号(第七百七十四条の九において準用する場合を含む。)に掲げる者に対し、遅滞なく、株式交付をしない旨を通知しなければならない。この場合において、第七百七十四条の七第二項第七百七十四条の九において準用する場合を含む。)の規定による給付を受けた株式交付子会社の株式又は新株予約権等があるときは、株式交付親会社は、遅滞なく、これらをその譲渡人に返還しなければならない。

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