Supplementary Provisions, Article 4Transitional Measures Concerning the Amount to Be Deducted from the Total Amount of Premiums upon a Loan of Mutual Aid Benefits
第四条(共済金の貸付けに際して掛金の合計額から控除する額に関する経過措置)
With regard to the loan amount of mutual aid benefits for a request for a loan made after the enforcement of the provisions amending Article 9, paragraph (2), item (iii), where the request relates to a mutual aid contract for which an increase in the monthly premium took effect during the period from the date of occurrence of the bankruptcy until the day preceding the date of promulgation of this Act, the provisions then in force continue to govern.
bankruptcymachine translation
「倒産」
Any of the events Article 2, paragraph (2) lists happening to a business operator a mutual aid policyholder (共済契約者) trades with: a petition to open bankruptcy, rehabilitation, reorganization or special liquidation proceedings; a public notice, to the financial institutions using a clearing house (手形交換所) or an electronic monetary claim recording institution (電子債権記録機関) as defined in the Electronically Recorded Monetary Claims Act, of a fact that leads them to suspend their transactions with it; or another procedure, set by a Ministry of Economy, Trade and Industry Order (経済産業省令), for seeking to have debts it can no longer carry reduced, forgiven or put off.
Short name set inArticle 2, paragraph (2)
mutual aid contractmachine translation
「共済契約」
A contract under which a small and medium-sized enterprise (中小企業者) promises to pay premiums (掛金) to the Organization for Small and Medium Enterprises and Regional Innovation, JAPAN (独立行政法人中小企業基盤整備機構), and the Organization promises that, if a business operator it trades with goes bankrupt (倒産), it will lend it a mutual aid benefit (共済金) as the Act on Mutual Relief System for the Prevention of Bankruptcies of Small and Medium-sized Enterprises provides.
Defined inArticle 2, paragraph (2)· applies throughout the law