Creditors of a stock company effecting entity conversion may state their objections to the entity conversion to the stock company.
組織変更をする株式会社の債権者は、当該株式会社に対し、組織変更について異議を述べることができる。
A stock company effecting entity conversion must give public notice of the matters set forth below in Official Gazette and must give notices separately to each known creditor, if any;provided, however, that the period under item (iii) may not be less than one month:
a statement that entity conversion will be effected;
組織変更をする旨
the matters prescribed by Ministry of Justice Order as the matters regarding the financial statements (meaning the financial statements prescribed in Article 435, paragraph (2); hereinafter the same applies in this Chapter) of the stock company effecting entity conversion; and
組織変更をする株式会社の計算書類（第四百三十五条第二項に規定する計算書類をいう。以下この章において同じ。）に関する事項として法務省令で定めるもの
a statement to the effect that creditors may state their objections within a certain period of time.
債権者が一定の期間内に異議を述べることができる旨
Notwithstanding the provisions of the preceding paragraph, if a stock company effecting entity conversion gives public notice under that paragraph by the method of public notice set forth in Article 939, paragraph (1), item (ii) or item (iii) in accordance with the provisions of the articles of incorporation under the provisions of that paragraph in addition to Official Gazette, the stock company is not required to give separate notices under the provisions of the preceding paragraph.
If creditors do not raise any objections within the period under paragraph (2), item (iii), the creditors are deemed to have approved the entity conversion.
If creditors raise objections within the period under paragraph (2), item (iii), the stock company effecting entity conversion must make payment or provide reasonable security to the creditors, or entrust equivalent property to a trust company, etc. for the purpose of having the creditors receive the payment;provided, however, that this does not apply if there is no risk of harm to the creditors by the entity conversion.