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A social medical corporation, where it issues social medical corporation bonds, must appoint a social medical corporation bond administrator, and entrust the receipt of payments, the preservation of rights of claim on behalf of the social medical corporation bondholders, and other administration of the social medical corporation bonds to that administrator; provided, however, that this does not apply where the amount of each social medical corporation bond is 100,000,000 yen or more, and in other cases prescribed by an Order of the Ministry of Health, Labour and Welfare as cases where it is unlikely that the protection of social medical corporation bondholders will be compromised.
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