The directors at incorporation (referring to the directors at incorporation and company auditors 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;
that the performance of contributions by the incorporators and the payments pursuant to the provisions of Article 63, paragraph (1) have 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 the articles of incorporation.
The directors at incorporation must report the outcome of the investigations pursuant to the provisions of the preceding paragraph to an organizational meeting.
If incorporators are asked by the shareholders at incorporation to provide explanations on the matters regarding the investigation pursuant to the provisions of the paragraph (1) at an organizational meeting, the incorporators must provide necessary explanations with respect to relevant matters.