Article 38Time of Transfers, etc. of Assets Pertaining to Contracts for Specified Construction Work in the Case of Death of an Individual Business Operator or Merger, etc. by a Corporation

①Where an individual business operator who has been subject to the application of Article 17, paragraph (1) or the main clause of paragraph (2) of the Act with respect to the subject matter of specified construction work (meaning long-term large-scale construction prescribed in Article 17, paragraph (1) of the Act or construction work prescribed in paragraph (2) of that Article; the same applies in this Article and the following Article) has died, and the heir who has succeeded to the business of that individual business operator pertaining to the contract for that specified construction work has delivered the subject matter of that specified construction work, Article 17, paragraph (3) of the Act applies, with respect to the portion of the transfers, etc. of assets pertaining to the contract for that specified construction work that was treated as transfers, etc. of assets made by that individual business operator under paragraph (1) or the main clause of paragraph (2) of that Article, on the basis that that heir is deemed to have made the transfers, etc. of assets.

②The provisions of the preceding paragraph apply mutatis mutandis where a corporation that has been subject to the application of Article 17, paragraph (1) or the main clause of paragraph (2) of the Act with respect to the subject matter of specified construction work has been extinguished by a merger, or where a corporation that has been subject to the application of those provisions has caused a successor corporation in a company split to succeed, by a company split, to the business pertaining to specified construction work.