Article 139-9When Approval for an Absorption-Type Merger Agreement Is Not Required
第百三十九条の九（吸収合併契約等の承認を要しない場合等）
The provisions of paragraphs (1) and (2) of the preceding Article do not apply unless the proportion of the amount set forth in item (i) to the amount set forth in item (ii) exceeds one-fifth (or, if a smaller proportion is prescribed in the articles of incorporation of the incorporated financial instruments exchange surviving an absorption-type merger, that proportion); provided, however, that this does not apply if all or part of the shares, etc. delivered to the members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger are shares with a restriction on transfer in the incorporated financial instruments exchange surviving the absorption-type merger, and the incorporated financial instruments exchange surviving the absorption-type merger is not a public company (meaning a public company as defined in Article 2, item (v) of the Companies Act; the same applies in Article 139-10, paragraph (2), item (i) and Article 139-15, paragraph (3)):
前条第一項及び第二項の規定は、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一（これを下回る割合を吸収合併存続株式会社金融商品取引所が定款で定めた場合にあつては、その割合）を超えない場合には、適用しない。ただし、吸収合併消滅会員金融商品取引所の会員に対して交付する株式等の全部又は一部が吸収合併存続株式会社金融商品取引所の譲渡制限株式である場合であつて、吸収合併存続株式会社金融商品取引所が公開会社（会社法第二条第五号に規定する公開会社をいう。第百三十九条の十第二項第一号及び第百三十九条の十五第三項において同じ。）でないときは、この限りでない。
the sum of the amounts set forth in the following sub-items:
次に掲げる額の合計額
the amount arrived at when the number of shares in the incorporated financial instruments exchange surviving the absorption-type merger to be delivered to members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger is multiplied by the amount of net assets per share (meaning the amount of net assets per share as prescribed in Article 141, paragraph (2) of the Companies Act); and
吸収合併消滅会員金融商品取引所の会員に対して交付する吸収合併存続株式会社金融商品取引所の株式の数に一株当たり純資産額（会社法第百四十一条第二項に規定する一株当たり純資産額をいう。）を乗じて得た額
the total amount of money to be delivered to members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger;
吸収合併消滅会員金融商品取引所の会員に対して交付する金銭の額の合計額
the amount calculated as the amount of net assets of the incorporated financial instruments exchange surviving the absorption-type merger, by the method specified by Cabinet Office Order.
吸収合併存続株式会社金融商品取引所の純資産額として内閣府令で定める方法により算定される額
In a case prescribed in the main clause of the preceding paragraph, if shareholders holding the number of shares specified by Cabinet Office Order (limited to shares for which voting rights may be exercised at the shareholders meeting referred to in paragraph (1) of the preceding Article) notify the incorporated financial instruments exchange surviving the absorption-type merger that they are against the absorption-type merger within two weeks from the day of the notice under Article 139-10, paragraph (1) or within two weeks from the day of the public notice referred to in paragraph (2) of that Article, the incorporated financial instruments exchange surviving the absorption-type merger must obtain approval for the absorption-type merger agreement by shareholders resolution, by the day immediately preceding the effective date.
前項本文に規定する場合において、内閣府令で定める数の株式（前条第一項の株主総会において議決権を行使することができるものに限る。）を有する株主が第百三十九条の十第一項の規定による通知又は同条第二項の公告の日から二週間以内に吸収合併に反対する旨を吸収合併存続株式会社金融商品取引所に対し通知したときは、効力発生日の前日までに、株主総会の決議によつて、吸収合併契約の承認を受けなければならない。
Read this with the articles around it
(Notifying the Shareholders)
The incorporated financial instruments exchange surviving an absorption-type merger must notify its shareholders and holders of share options that the absorption-type merger is to be implemented and…
吸収合併存続株式会社金融商品取引所は、効力発生日の二十日前までに、その株主及び新株予約権者に対し、吸収合併をする旨並びに吸収合併消滅会員金融商品取引所の名称及び住所（第百三十九条の八第二項に規定する場合にあつては、同項の株式に関する事項を含む。）を通知しなければならない。
Open this provision(Notifying the Shareholders)
In the following cases, public notice may be substituted for the notice under the provisions of the preceding paragraph:
次に掲げる場合には、前項の規定による通知は、公告をもつてこれに代えることができる。
Open this provision(Notifying the Shareholders)
the incorporated financial instruments exchange surviving the absorption-type merger is a public company; or
吸収合併存続株式会社金融商品取引所が公開会社である場合
Open this provision(Approval of Consolidation-Type Merger Agreement)
Notwithstanding the provisions of the preceding paragraph, if an incorporated financial instruments exchange disappearing in a consolidation-type merger is a public company…
前項の規定にかかわらず、新設合併消滅株式会社金融商品取引所が公開会社である場合において、新設合併消滅株式会社金融商品取引所の株主に対して交付する新設合併設立株式会社金融商品取引所の株式の全部又は一部が譲渡制限株式であるときは、第一項の株主総会（種類株式発行会社の株主総会を除く。）の決議は…
Open this provision(Approval of an Absorption-Type Merger Agreement)
An incorporated financial instruments exchange surviving an absorption-type merger must obtain approval for the absorption-type merger agreement by a resolution at the shareholders meeting…
吸収合併存続株式会社金融商品取引所は、効力発生日の前日までに、株主総会の決議によつて、吸収合併契約の承認を受けなければならない。
Open this provision(Approval of an Absorption-Type Merger Agreement)
If the assets of the incorporated association-operated financial instruments exchange disappearing in an absorption-type merger which are to be succeeded to include shares in the incorporated…
承継する吸収合併消滅会員金融商品取引所の資産に吸収合併存続株式会社金融商品取引所の株式が含まれる場合には、取締役は、前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。
Open this provision(When Approval for an Absorption-Type Merger Agreement Is Not Required)
The provisions of paragraphs (1) and (2) of the preceding Article do not apply unless the proportion of the amount set forth in item (i) to the amount set forth in item (ii) exceeds one-fifth…
前条第一項及び第二項の規定は、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一（これを下回る割合を吸収合併存続株式会社金融商品取引所が定款で定めた場合にあつては、その割合）を超えない場合には、適用しない。
Open this provision(When Approval for an Absorption-Type Merger Agreement Is Not Required)
the sum of the amounts set forth in the following sub-items:
次に掲げる額の合計額
Open this provision(When Approval for an Absorption-Type Merger Agreement Is Not Required)
the amount calculated as the amount of net assets of the incorporated financial instruments exchange surviving the absorption-type merger, by the method specified by Cabinet Office Order.
吸収合併存続株式会社金融商品取引所の純資産額として内閣府令で定める方法により算定される額
Open this provision(Notice of Purchases by Stock Company)
If a stock company intends to give notice pursuant to the provisions of the preceding paragraph, it must deposit the amount obtained by multiplying the amount of the net assets per share…
株式会社は、前項の規定による通知をしようとするときは、一株当たり純資産額（一株当たりの純資産額として法務省令で定める方法により算定される額をいう。以下同じ。）に前条第一項第二号の対象株式の数を乗じて得た額をその本店の所在地の供託所に供託し、かつ、当該供託を証する書面を譲渡等承認請求者に交付しなければならない。
Open this provision(Definitions)
"public company" means any stock company in which the articles of incorporation of which do not require, as a feature of all or part of its shares, the approval of the stock company for the…
公開会社 その発行する全部又は一部の株式の内容として譲渡による当該株式の取得について株式会社の承認を要する旨の定款の定めを設けていない株式会社をいう。
Open this provisionvoting rightsmachine translation
「議決権」
From Article 29-4, paragraph (2) on, the voting rights of all the shareholders, partners, members, cooperative members or contributors of an entity (総株主等の議決権); for a stock company, not counting votes on shares that cannot be voted on any matter a shareholders' meeting may resolve, and counting votes on shares deemed to carry voting rights under Article 879, paragraph (3) of the Companies Act.
Defined inArticle 29-4, paragraph (2)
absorption-type mergermachine translation
「吸収合併」
A merger of one financial instruments exchange (金融商品取引所) with another in which the exchange that survives takes over all the rights and obligations of the exchange that ceases to exist.
Defined inArticle 136, paragraph (2)
incorporated association-operated financial instruments exchange disappearing in the absorption-type mergermachine translation
「吸収合併消滅会員金融商品取引所」
The incorporated association-operated financial instruments exchange (会員金融商品取引所) that ceases to exist in an absorption-type merger (吸収合併) with another financial instruments exchange.
Short name set inArticle 137, paragraph (1), item (i)· applies only in this subsection
effective date
「効力発生日」
In the subsection on mergers (合併) of financial instruments exchanges, the day on which an absorption-type merger takes effect.
Short name set inArticle 137, paragraph (1), item (ii)· applies only in this subsection
incorporated financial instruments exchange surviving the absorption-type mergermachine translation
「吸収合併存続株式会社金融商品取引所」
In an absorption-type merger (吸収合併) between an incorporated association-operated financial instruments exchange (会員金融商品取引所) and an incorporated financial instruments exchange (株式会社金融商品取引所), the incorporated exchange, which survives the merger.
Short name set inArticle 139, paragraph (1), item (i)· applies only in this subsection
shares, etc.machine translation
「株式等」
In the subsection of this Act on absorption-type mergers to which Article 139 belongs, shares or money: what a surviving incorporated financial instruments exchange delivers to the members of a membership-organized financial instruments exchange that disappears in the merger in place of their equity.
Defined inArticle 139, paragraph (1), item (ii)· applies only in this subsection
public company
「公開会社」
A stock company whose articles of incorporation do not require the company's approval for transfers of at least some of its shares; it need not be listed on a stock exchange.
Defined inArticle 139-9, paragraph (1)· applies only in this provision and in Article 139-10, paragraph (2), item (i); and Article 139-15, paragraph (3)
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.