Directors at incorporation who are elected pursuant to the provisions of Article 90, paragraph (1) may be dismissed by a resolution at a general meeting of class shareholders constituted by the class shareholders at incorporation of relevant class of shares issued at incorporation relating to relevant election at any time prior to the formation of the stock company.
前項の規定にかかわらず、第四十一条第一項の規定により又は種類創立総会若しくは種類株主総会において選任された取締役を株主総会の決議によって解任することができる旨の定款の定めがある場合には、第九十条第一項の規定により選任された設立時取締役は、株式会社の成立の時までの間、創立総会の決議によって解任することができる。
Notwithstanding the provisions of the preceding paragraph, if there are provisions in articles of incorporation to the effect that a director who is elected pursuant to the provisions of Article 41, paragraph (1), or at an organizational meeting of class shareholders or at a general meeting of class shareholders may be dismissed by a resolution at the shareholders meeting, a director at incorporation who is elected pursuant to the provisions of Article 90, paragraph (1) may be dismissed by a resolution at an organizational meeting at any time prior to the formation of the stock company.
設立しようとする株式会社が監査等委員会設置会社である場合における前項の規定の適用については、同項中「取締役を」とあるのは「監査等委員である取締役又はそれ以外の取締役を」と、「設立時取締役」とあるのは「設立時監査等委員である設立時取締役又はそれ以外の設立時取締役」とする。
When applying provisions of the preceding paragraph if the stock company to be incorporated is a company with audit and supervisory committee, the term "a director" in the same paragraph is deemed to be replaced with "a director who is an audit and supervisory committee member or other directors", and the term "a director at incorporation" is deemed to be replaced with "a director at incorporation who is an audit and supervisory committee member at incorporation or other directors at incorporation" respectively.
The provisions of paragraphs (1) and (2) apply mutatis mutandis to a company auditor at incorporation who is elected pursuant to the provisions of Article 90, paragraph (1) applied mutatis mutandis under paragraph (2) of that Article.