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Article 816-5Demand to Cease Partial Share Exchange

第八百十六条の五(株式交付をやめることの請求)

If a partial share exchange violates laws and regulations or the articles of incorporation, when shareholders of the parent company resulting from a partial share exchange are likely to suffer disadvantage, the shareholders of the parent company resulting from a partial share exchange may demand that the parent company resulting from a partial share exchange cease the partial share exchange;provided, however, that this does not apply in the cases prescribed in the main clause of paragraph (1) of the preceding Article (excluding the cases prescribed in the proviso to the same paragraph or the provisions of paragraph (2) of that Article).

株式交付が法令又は定款に違反する場合において、株式交付親会社の株主が不利益を受けるおそれがあるときは、株式交付親会社の株主は、株式交付親会社に対し、株式交付をやめることを請求することができる。ただし、前条第一項本文に規定する場合(同項ただし書又は同条第二項に規定する場合を除く。)は、この限りでない。

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