After the commencement of special liquidation, if the court finds, in the cases set forth below, facts on the part of the liquidating stock company that constitute cause for the commencement of bankruptcy proceedings, the court must make ex officio the ruling for commencement of bankruptcy proceedings in accordance with the Bankruptcy Act:
if there is no prospect of an agreement;
協定の見込みがないとき。
if there is no prospect that the agreement will be implemented; or
協定の実行の見込みがないとき。
if reliance on the special liquidation is contrary to the general interest of the creditors.
特別清算によることが債権者の一般の利益に反するとき。
After the commencement of special liquidation, if the court finds, in the cases set forth below, facts on the part of the liquidating stock company that constitute cause for the commencement of bankruptcy proceedings, the court may make an ex officio ruling for commencement of bankruptcy proceedings in accordance with the Bankruptcy Act:
if an agreement is not adopted; or
協定が否決されたとき。
if a ruling to reject an agreement has become final and binding.
協定の不認可の決定が確定したとき。
For the purpose of the application of the provisions of Article 71, paragraph (1), item (iv) and paragraph (2), items (ii) and (iii), Article 72, paragraph (1), item (iv) and paragraph (2), items (ii) and (iii), Article 160 (excluding paragraph (1), item (i)), Article 162 (excluding paragraph (1), item (ii)), Article 163, paragraph (2), Article 164, paragraph (1) (including the cases where that paragraph is applied mutatis mutandis under paragraph (2) of that Article), Article 166, and Article 167, paragraph (2) (including the cases where that paragraph is applied mutatis mutandis under Article 170, paragraph (2)) of the Bankruptcy Act if a ruling to commence bankruptcy proceedings has been made under the provisions of the preceding two paragraphs, the petition for the commencement of bankruptcy proceedings is deemed to have been filed at the time when the petition in each of the following items for the case categories set forth in each of relevant items were filed:
if there was a petition for the commencement of bankruptcy proceedings before the petition for the commencement of special liquidation in bankruptcy proceedings that became ineffective because the order to commence special liquidation becoming final and binding:relevant petition for the commencement of bankruptcy proceedings;
特別清算開始の申立ての前に特別清算開始の命令の確定によって効力を失った破産手続における破産手続開始の申立てがある場合 当該破産手続開始の申立て
in cases other than the cases set forth in the preceding item:the petition for the commencement of special liquidation.
前号に掲げる場合以外の場合 特別清算開始の申立て
If a ruling to commence bankruptcy proceedings is handed down under the provisions of paragraph (1) or paragraph (2), claims that have arisen in relation to the liquidating stock company for the proceedings for special liquidation and rights to seek reimbursement of expense regarding the procedures for special liquidation from the liquidating stock company constitute preferred claims against the bankrupt's estate.
略称規定第四百七十六条第一項
前条の規定により清算をする株式会社（以下「清算株式会社」という。）は、清算の目的の範囲内において、清算が結了するまではなお存続するものとみなす。
わかりやすく言うと
解散したとき（合併で消滅する場合などを除きます）や、設立または株式移転の無効の判決が確定したときに、清算をしなければならない株式会社のことです（第四百七十五条）。清算が終わるまでは、清算の目的の範囲内でなお存続するものとみなされます。