A surviving stock company, etc. must obtain the approval of the absorption-type merger agreement, etc. by a resolution at a shareholders meeting by the day immediately preceding the effective day.
In the cases set forth below, a director must explain to that effect at the shareholders meeting referred to in the preceding paragraph:
次に掲げる場合には、取締役は、前項の株主総会において、その旨を説明しなければならない。
if the amount prescribed by Ministry of Justice Order as the amount of obligations that the stock company surviving an absorption-type merger or the stock company succeeding in an absorption-type split succeeds to by transfer from the company disappearing in the absorption-type merger or the company splitting in the absorption-type split (referred to as the "amount of succeeded obligations" in the following item) exceeds the amount prescribed by Ministry of Justice Order as the amount of assets that the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split succeeds to by transfer from the company disappearing in the absorption-type merger or the company splitting in the absorption-type split (referred to as the "amount of succeeded assets" in the following item);
吸収合併存続株式会社又は吸収分割承継株式会社が承継する吸収合併消滅会社又は吸収分割会社の債務の額として法務省令で定める額（次号において「承継債務額」という。）が吸収合併存続株式会社又は吸収分割承継株式会社が承継する吸収合併消滅会社又は吸収分割会社の資産の額として法務省令で定める額（同号において「承継資産額」という。）を超える場合
if the book value of the monies, etc. (excluding shares, etc. of the stock company surviving an absorption-type merger or the stock company succeeding in an absorption-type split) delivered by the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split to shareholders of the stock company disappearing in the absorption-type merger, to members of the membership company disappearing in the absorption-type merger or to the company splitting in the absorption-type split exceeds the amount obtained by deducting the amount of succeeded obligations from the amount of succeeded assets; or
吸収合併存続株式会社又は吸収分割承継株式会社が吸収合併消滅株式会社の株主、吸収合併消滅持分会社の社員又は吸収分割会社に対して交付する金銭等（吸収合併存続株式会社又は吸収分割承継株式会社の株式等を除く。）の帳簿価額が承継資産額から承継債務額を控除して得た額を超える場合
if the book value of the monies, etc. (excluding shares, etc. of the wholly owning parent stock company resulting from a share exchange) delivered by the wholly owning parent stock company resulting from a share exchange to shareholders of the wholly owned subsidiary company resulting from the share exchange exceeds the amount prescribed by Ministry of Justice Order as the amount of shares in the wholly owned subsidiary company resulting from the share exchange to be acquired by the wholly owning parent stock company resulting from the share exchange.
株式交換完全親株式会社が株式交換完全子会社の株主に対して交付する金銭等（株式交換完全親株式会社の株式等を除く。）の帳簿価額が株式交換完全親株式会社が取得する株式交換完全子会社の株式の額として法務省令で定める額を超える場合
If the assets of a company disappearing in an absorption-type merger or a company splitting in an absorption-type split include shares of the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split, a director must explain the matters concerning relevant shares at the shareholders meeting referred to in paragraph (1).
承継する吸収合併消滅会社又は吸収分割会社の資産に吸収合併存続株式会社又は吸収分割承継株式会社の株式が含まれる場合には、取締役は、第一項の株主総会において、当該株式に関する事項を説明しなければならない。
Where the surviving stock company, etc. is a company with class shares, in the cases set forth in the following items, an absorption-type merger, etc. does not become effective without a resolution at a general meeting of class shareholders constituted by class shareholders of the class of shares provided for respectively in those items (limited to shares with a restriction on transfer and for which the provisions of the articles of incorporation referred to in Article 199, paragraph (4) do not exist) (if there are two or more classes of shares relating to relevant class shareholders, the respective general meetings of class shareholders constituted by class shareholders categorized by the class of relevant two or more classes of shares);provided, however, that this does not apply to cases where there is no class shareholder who is able to exercise a voting right at relevant general meeting of class shareholders:
if the monies, etc. delivered to shareholders of the stock company disappearing in an absorption-type merger or to members of the membership company disappearing in an absorption-type merger are shares of the stock company surviving the absorption-type merger:the class of shares referred to in Article 749, paragraph (1), item (ii), (a);
吸収合併消滅株式会社の株主又は吸収合併消滅持分会社の社員に対して交付する金銭等が吸収合併存続株式会社の株式である場合 第七百四十九条第一項第二号イの種類の株式
if the monies, etc. delivered to the company splitting in an absorption-type split are shares of the stock company succeeding in the absorption-type split:the class of shares referred to in Article 758, item (iv), (a); or
吸収分割会社に対して交付する金銭等が吸収分割承継株式会社の株式である場合 第七百五十八条第四号イの種類の株式
if the monies, etc. delivered to shareholders of the wholly owned subsidiary company resulting from a share exchange are shares in the wholly owning parent stock company resulting from the share exchange:the class of shares referred to in Article 768, paragraph (1), item (ii), (a).
株式交換完全子会社の株主に対して交付する金銭等が株式交換完全親株式会社の株式である場合 第七百六十八条第一項第二号イの種類の株式