Chapter II-2 Bond Administration Assistant
第二章の二 社債管理補助者
Article 714-2Establishment of Bond Administration Assistant
第七百十四条の二(社債管理補助者の設置)
In the case of the proviso of Article 702, a company may specify a bond administration assistant and entrust that bond administration assistant to assist bond administration for the benefit of the bondholders;provided, however, that this does not apply if the relevant bonds are secured bonds.
Article 714-3Qualifications of Bond Administration Assistant
第七百十四条の三(社債管理補助者の資格)
A bond administration assistant must be a person set forth in each item of Article 703 or specified in a Ministry of Justice Order.
社債管理補助者は、第七百三条各号に掲げる者その他法務省令で定める者でなければならない。
Article 714-4Bond Administration Assistant's Power of Representation
第七百十四条の四(社債管理補助者の権限等)
Bond administration assistants have the authority to engage in the acts set forth below on behalf of bondholders.
社債管理補助者は、社債権者のために次に掲げる行為をする権限を有する。
participate in bankruptcy proceedings, participate in rehabilitation proceedings, or participate in reorganization proceedings;
破産手続参加、再生手続参加又は更生手続参加
request distributions in procedures for judicial enforcement or in procedures for enforcement procedures of a security right; and
強制執行又は担保権の実行の手続における配当要求
state claims during the period provided in Article 499, paragraph (1).
第四百九十九条第一項の期間内に債権の申出をすること。
Bond administration assistants have the authority to engage in the acts set forth below on behalf of bondholders within the scope provided in an agreement relating to entrustment pursuant to Article 714-2:
社債管理補助者は、第七百十四条の二の規定による委託に係る契約に定める範囲内において、社債権者のために次に掲げる行為をする権限を有する。
the acts provided in Article 705, paragraph (1) (excluding the conduct set forth in each of the items of the preceding paragraph and the preceding item);
the acts set forth in each item of Article 706, paragraph (1); and
第七百六条第一項各号に掲げる行為
conduct that will forfeit the benefit of time in relation to the total amount of the bonds by the bond-issuing company.
In the cases provided for in the preceding paragraph, bond administrators assistant may not carry out the acts set forth below unless pursuant to a resolution at the bondholders meeting:
前項の場合において、社債管理補助者は、社債権者集会の決議によらなければ、次に掲げる行為をしてはならない。
the acts set forth in item (ii) of the preceding paragraph that are set forth below:
前項第二号に掲げる行為であって、次に掲げるもの
judicial enforcement, provisional attachment or provisional disposition based on claims relating to all of the bonds; and
当該社債の全部に係る債権に基づく強制執行、仮差押え又は仮処分
carrying out procedural actions with respect to the entirety of the bonds, or any action involved in bankruptcy proceedings, rehabilitation proceedings, reorganization proceedings or proceedings for special liquidation(excluding the acts set forth in (a) and (b)).
当該社債の全部についてする訴訟行為又は破産手続、再生手続、更生手続若しくは特別清算に関する手続に属する行為(イ及びロに掲げる行為を除く。)
the acts set forth in items (iii) and (iv) of the preceding paragraph.
Bond administration assistants will report on matters relating to the administration of bonds to the bondholders or take measures to enable the bondholders to learn these matters in accordance with an agreement on entrustment pursuant to the provisions of Article 714-2.
The provisions Article 705, paragraph (2) and paragraph (3) apply mutatis mutandis to bond administration assistants who have the authority to perform the acts set forth in paragraph (2), item (1).
Article 714-5Special Provisions for Multiple Assistant Bond Administrators
第七百十四条の五(二以上の社債管理補助者がある場合の特則)
If there are two or more assistant bond administrators, the assistant bond administrators must each perform the acts within their own authority.
二以上の社債管理補助者があるときは、社債管理補助者は、各自、その権限に属する行為をしなければならない。
If an assistant bond administrator is liable to the bondholders for damages arising if other assistant bond administrators are also liable, these persons will be joint and several obligors.
社債管理補助者が社債権者に生じた損害を賠償する責任を負う場合において、他の社債管理補助者も当該損害を賠償する責任を負うときは、これらの者は、連帯債務者とする。
Article 714-6Relationship with Bond Administrators
第七百十四条の六(社債管理者等との関係)
If an agreement relating to entrustment pursuant to the provisions of Article 702 or a trust agreement provided in Article 2, paragraph (1) of the Secured Bonds Trust Act (Act No. 52 of 1905) becomes effective, an agreement relating to entrustment pursuant to the provisions of Article 714-2 will terminate.
第七百二条の規定による委託に係る契約又は担保付社債信託法(明治三十八年法律第五十二号)第二条第一項に規定する信託契約の効力が生じた場合には、第七百十四条の二の規定による委託に係る契約は、終了する。
Article 714-7Application Mutatis Mutandis of Provisions on Bond Administrators
第七百十四条の七(社債管理者に関する規定の準用)
The provisions of Article 704, Article 707, Article 708, Article 710, paragraph (1), Article 711, Article 713, and Article 714 apply mutatis mutandis to assistant bond administrators. In these case, "the administration of "bonds" in Article 704 is deemed to be replaced with "assistance with the administration of "bonds," "jointly and severally liable to compensate bondholders" in that paragraph is deemed to be replaced with "liable to compensate bondholders," "if there is no other bond administrator," in Article 711, paragraph (1) is deemed to be replaced with, "Article 702" in paragraph (2) of that Article is deemed to be replaced with "Article 714-2," "if there is no other bond administrator," in Article 714, paragraph (1) is deemed to be replaced with if deleted, "the administration of the bonds" in that paragraph is deemed to be replaced with "assistance with the administration of the bonds," "set forth in any item of Article 703" in that paragraph is deemed to be replaced with "provided in Article 714-3, and "has been dissolved" in that paragraph is deemed to be replaced with "died or has been dissolved."
第七百四条、第七百七条、第七百八条、第七百十条第一項、第七百十一条、第七百十三条及び第七百十四条の規定は、社債管理補助者について準用する。この場合において、第七百四条中「社債の管理」とあるのは「社債の管理の補助」と、同項中「社債権者に対し、連帯して」とあるのは「社債権者に対し」と、第七百十一条第一項中「において、他に社債管理者がないときは」とあるのは「において」と、同条第二項中「第七百二条」とあるのは「第七百十四条の二」と、第七百十四条第一項中「において、他に社債管理者がないときは」とあるのは「には」と、「社債の管理」とあるのは「社債の管理の補助」と、「第七百三条各号に掲げる」とあるのは「第七百十四条の三に規定する」と、「解散した」とあるのは「死亡し、又は解散した」と読み替えるものとする。