A stock company must, without delay after the day of the disposition of its own share options (limited to share options for which certificates are issued), deliver the share option certificates to the persons who acquired relevant own share options.
Notwithstanding the provisions of the preceding paragraph, a stock company may elect to not deliver share option certificates under that paragraph until the persons under that paragraph so request.
株式会社は、自己新株予約権付社債（証券発行新株予約権付社債に限る。）を処分した日以後遅滞なく、当該自己新株予約権付社債を取得した者に対し、新株予約権付社債券を交付しなければならない。
A stock company must, without delay after the day of the disposition of its own bonds with share option (limited to a bonds with share options for which a certificate is issued), deliver the certificate representing the bonds with share options to the persons who acquire relevant own bonds with share option.
第六百八十七条の規定は、自己新株予約権付社債の処分による当該自己新株予約権付社債についての社債の譲渡については、適用しない。
The provisions of Article 687 do not apply to the transfer of bonds with respect to the own bonds with share option arising from the disposition of relevant own bonds with share option.