前条第二項及び第四項の規定にかかわらず、株主総会においては、その決議によって、募集事項の決定を取締役（取締役会設置会社にあっては、取締役会）に委任することができる。この場合においては、その委任に基づいて募集事項の決定をすることができる募集株式の数の上限及び払込金額の下限を定めなければならない。
Notwithstanding the provisions of paragraphs (2) and (4) of the preceding Article, at a shareholders meeting, the determination of the subscription requirements may be delegated to the directors by a resolution at the relevant shareholders meeting (or, for a company with board of directors, of the board of directors). In these cases, the shareholders meeting must prescribe the maximum number of the shares for subscription for which the subscription requirements may be determined under that delegation, and the minimum amount to be paid in.
If the minimum amount to be paid in in the preceding paragraph is particularly favorable to subscribers for the shares for subscription, the directors must, at the shareholders meeting under that paragraph, explain the reason for the need to solicit that persons with such an offer of the amount to be paid in.
The resolution under paragraph (1) is effective with respect only to solicitations under paragraph (1) of the preceding Article under which the date in item (iv) of that paragraph (if a period is determined under that item, the last day of the period) falls within one year from the day of relevant resolution.
種類株式発行会社において、第一項の募集株式の種類が譲渡制限株式であるときは、当該種類の株式に関する募集事項の決定の委任は、当該種類の株式について前条第四項の定款の定めがある場合を除き、当該種類の株式の種類株主を構成員とする種類株主総会の決議がなければ、その効力を生じない。ただし、当該種類株主総会において議決権を行使することができる種類株主が存しない場合は、この限りでない。
For a company with class shares, if the class of the shares for subscription under paragraph (1) is that of shares with restriction on transfer, the delegation of the determination of the subscription requirements regarding relevant class shares does not become effective without a resolution at the general meeting of class shareholders constituted by the class shareholders of relevant class shares, except if there are provisions in the articles of incorporation under paragraph (4) of the preceding Article with respect to relevant class shares;provided, however, that this does not apply to cases where there is no class shareholder who can exercise voting right at relevant general meeting of class shareholders.