The directors at incorporation (referring to the directors at incorporation and company auditor at incorporation if the stock company to be incorporated is a company with company auditor; hereinafter the same applies in this Article) must investigate the following matters without delay after their election:
第三十三条第十項第一号又は第二号に掲げる場合における現物出資財産等（同号に掲げる場合にあっては、同号の有価証券に限る。）について定款に記載され、又は記録された価額が相当であること。
that, with respect to the property contributed in kind in the cases set forth in Article 33, paragraph (10), item (i) or item (ii) (if set forth in that item, limited to the securities under that item), the value specified or recorded in the articles of incorporation is reasonable;
第三十三条第十項第三号に規定する証明が相当であること。
that the verification provided for in Article 33, paragraph (10), item (iii) is appropriate;
出資の履行が完了していること。
that the performance of contributions has been fulfilled; and
前三号に掲げる事項のほか、株式会社の設立の手続が法令又は定款に違反していないこと。
that, beyond the matters set forth in the preceding three items, the procedures for the incorporation of the stock company do not violate laws and regulations or articles of incorporation.
If, as a result of the investigation pursuant to the preceding paragraph, the directors at incorporation find that there is any violation of laws and regulations or articles of incorporation or there is any inappropriate matter in a matter set forth in any item of that paragraph, directors must give notice to that effect to the incorporator;
設立しようとする株式会社が指名委員会等設置会社である場合には、設立時取締役は、第一項の規定による調査を終了したときはその旨を、前項の規定による通知をしたときはその旨及びその内容を、設立時代表執行役（第四十八条第一項第三号に規定する設立時代表執行役をいう。）に通知しなければならない。
If the stock company to be incorporated is a company with nominating committee, etc., the director at incorporation must give the representative executive officer at incorporation (referring to the representative executive officer at incorporation provided for in Article 48, paragraph (1), item (iii)) notice to the effect that the investigation under paragraph (1) has been completed, or, if the notice under the preceding paragraph has been given, notice to that effect and a description of the contents.