第十節 雑則
Section 10 Miscellaneous Provisions
Article 234Treatment of Fractional Shares
次の各号に掲げる行為に際して当該各号に定める者に当該株式会社の株式を交付する場合において、その者に対し交付しなければならない当該株式会社の株式の数に一株に満たない端数があるときは、その端数の合計数（その合計数に一に満たない端数がある場合にあっては、これを切り捨てるものとする。）に相当する数の株式を競売し、かつ、その端数に応じてその競売により得られた代金を当該者に交付しなければならない。
If a stock company delivers shares in relevant stock company to the persons specified in each of those items when any act set forth in the items is carried out, if the number of the shares of relevant stock company that must be delivered to that persons includes a fractional share, the stock company must sell the number of shares equivalent to the total sum of the fractional shares by auction (if the total sum includes a fractional share, that fractional share is to be rounded off) and must deliver the proceeds of that auction to relevant persons in proportion to the fractional shares attributed to them:
第百七十条第一項の規定による株式の取得 当該株式会社の株主
the acquisition of shares under the provisions of Article 170, paragraph (1):the shareholders of relevant stock company;
第百七十三条第一項の規定による株式の取得 当該株式会社の株主
the acquisition of shares under the provisions of Article 173, paragraph (1):the shareholders of relevant stock company;
第百八十五条に規定する株式無償割当て 当該株式会社の株主
the allotment of shares without contribution provided for in the provisions of Article 185:the shareholders of relevant stock company;
第二百七十五条第一項の規定による新株予約権の取得 第二百三十六条第一項第七号イの新株予約権の新株予約権者
the acquisition of share options pursuant to the provisions of Article 275, paragraph (1):the holders of the share options provided for in Article 236, paragraph (1), item (vii), (a);
合併（合併により当該株式会社が存続する場合に限る。） 合併後消滅する会社の株主又は社員
merger (but only if the stock company survives the merger):the shareholders or members of the company disappearing due to the merger;
the issuing of shares to be issued at the time of incorporation under merger contracts:the shareholders or members of the company disappearing due to the merger;
the acquisition of all issued shares of another stock company by share exchange:the shareholders of the stock company that effects the share exchange;
the issuing of shares to be issued at the time of incorporation under share transfer plan:the shareholders of the stock company that effects the share transfer plan.
株式交付 株式交付親会社（第七百七十四条の三第一項第一号に規定する株式交付親会社をいう。）に株式交付に際して株式交付子会社（同号に規定する株式交付子会社をいう。）の株式又は新株予約権等（同項第七号に規定する新株予約権等をいう。）を譲り渡した者
partial share exchange:the person who, in a partial share exchange, transferred the shares or share options, etc. (meaning share options, etc. provided in Article 774-3, paragraph (1), item (vii)) of a subsidiary company resulting from a partial share exchange (meaning a subsidiary company resulting from a partial share exchange provided in Article 774-3, paragraph (1), item (i) ) to a share delivery parent company (meaning a parent company resulting from a partial share exchange provided in that item).
株式会社は、前項の規定による競売に代えて、市場価格のある同項の株式については市場価格として法務省令で定める方法により算定される額をもって、市場価格のない同項の株式については裁判所の許可を得て競売以外の方法により、これを売却することができる。この場合において、当該許可の申立ては、取締役が二人以上あるときは、その全員の同意によってしなければならない。
In lieu of sale by auction under the provisions of the preceding paragraph, a stock company may sell shares under that paragraph with a market price in an amount calculated by the method prescribed by Ministry of Justice Order as the market price thereof, and shares under that paragraph without a market price using a method other than auction with the permission of the court. In these cases, if there are two or more directors, the petition for relevant permission must be filed with the consent of all directors.
For the purpose of the application of the provisions of the preceding paragraph if the shares under paragraph (1) are sold, the phrase "of that auction" in paragraph (1) is deemed to be replaced with "of that sale".
株式会社は、第二項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
A stock company may purchase some or all of the shares sold pursuant to the provisions of paragraph (2). In these cases, the following matters must be prescribed:
買い取る株式の数（種類株式発行会社にあっては、株式の種類及び種類ごとの数）
the number of shares to be purchased (or, for a company with class shares, the classes of the shares and the number of shares for each class); and
前号の株式の買取りをするのと引換えに交付する金銭の総額
the total amount of the monies to be delivered in exchange for the purchase of the shares under the preceding item.
A company with board of directors must determine the matters set forth in each item of the preceding paragraph by a resolution of the board of directors meeting.
第一項から第四項までの規定は、第一項各号に掲げる行為に際して当該各号に定める者に当該株式会社の社債又は新株予約権を交付するときについて準用する。
The provisions of paragraphs (1) through (4) apply mutatis mutandis to cases where bonds or share options of relevant stock company are delivered to the persons specified in each of those items of paragraph (1) when any act set forth in relevant items is carried out.
Article 235
株式会社が株式の分割又は株式の併合をすることにより株式の数に一株に満たない端数が生ずるときは、その端数の合計数（その合計数に一に満たない端数が生ずる場合にあっては、これを切り捨てるものとする。）に相当する数の株式を競売し、かつ、その端数に応じてその競売により得られた代金を株主に交付しなければならない。
If a share split or consolidation of shares effected by a stock company produces any fractional share in the number of the shares, the stock company must sell the number of shares equivalent to the total sum of the fractional shares by auction (if the total sum includes a fractional share, relevant fractional share is to be rounded off) and must deliver the proceeds of that auction to the shareholders in proportion to the fractional shares attributed to them:
The provisions of paragraphs (2) through (5) of the preceding Article apply mutatis mutandis to the cases provided for in the preceding paragraph.