第二章 社債管理者
Chapter II Bond Administrators
Article 702Establishment of Bond Administrators
If a company will issue bonds, the company must specify a bond administrator and entrust the receipt of payments, the preservation of rights of claim on behalf of the bondholders and other administration of the bonds to that manager; provided, however, that this does not apply if the amount of each bond is 100,000,000 yen or more, and other cases prescribed by Ministry of Justice Order as cases where it is unlikely that the protection of bondholders will be compromised.
Article 703Qualifications of Bond Administrators
A bond administrator must be a person set forth as follows:
社債管理者は、次に掲げる者でなければならない。
a trust company; and
beyond what is set forth in the preceding two items, a person prescribed by Ministry of Justice Order as a person equivalent to the above.
前二号に掲げるもののほか、これらに準ずるものとして法務省令で定める者
Article 704Obligations of Bond Administrators
Article 705Bond Administrator's Power of Representation
A manager has authority to do all judicial and non-judicial acts on behalf of bondholders that are necessary to receive payment of claims relating to the bonds or to preserve the realization of claims relating to the bonds.
社債管理者は、社債権者のために社債に係る債権の弁済を受け、又は社債に係る債権の実現を保全するために必要な一切の裁判上又は裁判外の行為をする権限を有する。
If a bond administrator has received payment under the preceding paragraph, the bondholders may claim payment of the redeemed amount of bonds and interest from the bond administrator. In these cases, if there are provisions to the effect that bond certificates are issued, the bondholders must claim the payment of relevant redeemed amount in exchange for the bond certificates, and the payment of relevant interest in exchange for the coupons.
The right to claim under the provisions of the first sentence of the preceding paragraph will be extinguished by prescription if not exercised for ten years from the time that this right can be exercised.
前項前段の規定による請求権は、これを行使することができる時から十年間行使しないときは、時効によって消滅する。
If it is necessary for a bond administrator to carry out the acts under paragraph (1) with respect to bonds that the bond administrator has been entrusted to administer, the bond administrator may, with the permission of the court, investigate the status of the business and assets of the bond-issuing company.
Article 706
A bond administrator may not carry out the following acts without a resolution at a bondholders meeting; provided, however, that this does not apply with respect to the act set forth in item (ii) if there are provisions with respect to the matters set forth in Article 676, item (viii):
社債管理者は、社債権者集会の決議によらなければ、次に掲げる行為をしてはならない。ただし、第二号に掲げる行為については、第六百七十六条第八号に掲げる事項についての定めがあるときは、この限りでない。
with respect to all of the bonds, granting extension for the payment of those bonds, or releasing, or settling those obligations or liability arising from the failure to perform the obligations of those bonds (excluding the acts set forth in the following item);
carrying out procedural actions with respect to the all of the bonds, or any action involved in bankruptcy proceedings, rehabilitation proceedings, reorganization proceedings or proceedings for special liquidation (excluding the act under paragraph (1) of the preceding Article).
If a bond administrator carries out the acts set forth in item (ii) of the preceding paragraph without a resolution at a bondholders meeting under the provisions of the proviso to that paragraph, the bond administrator must, without delay, give public notice to that effect and separate notice thereof to each known bondholder.
The public notice under the provisions of the preceding paragraph must be made in accordance with the means of public notice used by the bond-issuing company; provided, however, that, if that method is electronic public notice, relevant public notice must be effected by publication in Official Gazette.
If it is necessary for a bond administrator to carry out the acts set forth in each item of paragraph (1) with respect to bonds that the bond administrator has been entrusted to administer, the bond administrator may, with the permission of the court, investigate the status of the business and assets of the bond-issuing company.
Article 707Appointment of Special Agent
If there is conflict between the interests of the bondholders and those of the bond administrator, if it is necessary to carry out judicial and non-judicial acts on behalf of bondholders, the court must, in response to a petition by the bondholders meeting, appoint a special agent.
社債権者と社債管理者との利益が相反する場合において、社債権者のために裁判上又は裁判外の行為をする必要があるときは、裁判所は、社債権者集会の申立てにより、特別代理人を選任しなければならない。
Article 708Method of Acts of bond Administrators
If a bond administrator or a special agent under the preceding Article performs judicial or non-judicial acts on behalf of bondholders, they need not identify individual bondholders.
社債管理者又は前条の特別代理人が社債権者のために裁判上又は裁判外の行為をするときは、個別の社債権者を表示することを要しない。
Article 709Special Provisions for Multiple Bond Administrators
If there are two or more bond administrators, these persons must perform the acts within their authority jointly.
二以上の社債管理者があるときは、これらの者が共同してその権限に属する行為をしなければならない。
In the cases provided for in the preceding paragraph, if bond administrators have accepted payments referred to in Article 705, paragraph (1), the bond administrators are jointly and severally liable for payment of the amount so tendered.
Article 710Liability of Bond Administrator
If bond administrators commit acts in violation of this Act or resolutions at the bondholders meeting, they are jointly and severally liable to compensate bondholders for losses arising as a result.
社債管理者は、この法律又は社債権者集会の決議に違反する行為をしたときは、社債権者に対し、連帯して、これによって生じた損害を賠償する責任を負う。
A bond administrator is liable to compensate bondholders for losses if the bond administrator commits any of the following acts after, or within three months prior to, the bond-issuing company's having failed to redeem bonds or pay interest on the same, or having suspended payments; provided, however, that this does not apply if relevant bond administrator has proven that the bond administrator did not fail to manage the bonds with due diligence, or that relevant losses were not caused by relevant acts:
accepting, with respect to an obligation relating to a claim of relevant bond administrator, the tender of a security or an act regarding the extinguishment of the obligation from the bond-issuing company;
当該社債管理者の債権に係る債務について社債発行会社から担保の供与又は債務の消滅に関する行為を受けること。
transferring a claim of relevant bond administrator to a person who has a special relationship prescribed by Ministry of Justice Order with relevant bond administrator (limited to cases where the person who has relevant special relationship has accepted with respect to an obligation relating to relevant claim, the tender of a security or an act regarding the extinguishment of the obligation, from the bond-issuing company); or
当該社債管理者と法務省令で定める特別の関係がある者に対して当該社債管理者の債権を譲り渡すこと(当該特別の関係がある者が当該債権に係る債務について社債発行会社から担保の供与又は債務の消滅に関する行為を受けた場合に限る。)。
if relevant bond administrator has a claim against the bond-issuing company, entering into a contract with the bond-issuing company for disposal of assets of the bond-issuing company, or entering into a contract under which the bond administrator assumes the obligations that a person owes to the bond-issuing company, in each case for the sole purpose of setting off obligations to the bond-issuing company that the bond administrator assumes under the contract against the bond administrator's claim against the bond-issuing company;
当該社債管理者が社債発行会社に対する債権を有する場合において、契約によって負担する債務を専ら当該債権をもってする相殺に供する目的で社債発行会社の財産の処分を内容とする契約を社債発行会社との間で締結し、又は社債発行会社に対して債務を負担する者の債務を引き受けることを内容とする契約を締結し、かつ、これにより社債発行会社に対し負担した債務と当該債権とを相殺すること。
if relevant bond administrator has an obligation to the bond-issuing company, accepting the transfer of a claim against the bond-issuing company and setting off relevant obligation against relevant claim.
当該社債管理者が社債発行会社に対して債務を負担する場合において、社債発行会社に対する債権を譲り受け、かつ、当該債務と当該債権とを相殺すること。
Article 711Resignation of Bond Administrators
A bond administrator may resign with the consent of the bond-issuing company and the bondholders meeting. In these cases, if there is no other bond administrator, relevant bond administrator must specify a bond administrator to succeed to the administration of the bonds in advance.
社債管理者は、社債発行会社及び社債権者集会の同意を得て辞任することができる。この場合において、他に社債管理者がないときは、当該社債管理者は、あらかじめ、事務を承継する社債管理者を定めなければならない。
Notwithstanding the provisions of the preceding paragraph, a bond administrator may resign on any ground provided for in the entrustment contract under the provisions of Article 702;provided, however, that this does not apply if the contract does not have provisions regarding bond administrators to succeed to the administration of the bonds.
Notwithstanding the provisions of paragraph (1), a bond administrator may resign with the permission of the court if there are unavoidable reasons.
第一項の規定にかかわらず、社債管理者は、やむを得ない事由があるときは、裁判所の許可を得て、辞任することができる。
Article 712Liability of Bond Administrators after Resignation
The provisions of Article 710, paragraph (2) apply mutatis mutandis to a person who resigned as bond administrator under the provisions of paragraph (2) of the preceding Article after, or within three months prior to, the bond-issuing company's having failed to redeem bonds or pay interest, or having suspended payments.
Article 713Dismissal of Bond Administrators
The court may dismiss a bond administrator in response to a petition by the bond-issuing company or a bondholders meeting if the bond administrator has violated the bond administrator's obligations, if the bond administrator is not fit to handle the administration for which the bond administrator is responsible, or if there are other justifiable grounds.
裁判所は、社債管理者がその義務に違反したとき、その事務処理に不適任であるときその他正当な理由があるときは、社債発行会社又は社債権者集会の申立てにより、当該社債管理者を解任することができる。
Article 714Succession to Bond Administrator's Administration of Bonds
If a bond administrator has fallen under any of the following circumstances, if there is no other bond administrator, the bond-issuing company must specify a bond administrator to succeed to the administration of the bonds, and entrust the administration of the bonds to the person on behalf of the bondholders. In these cases, the bond-issuing company must convene a bondholders meeting without delay in order to obtain the consent of the same, and if the consent cannot be obtained, must file a petition for the permission of the court in lieu of that consent:
if the bond administrator is no longer a person set forth in any item of Article 703;
第七百三条各号に掲げる者でなくなったとき。
if the bond administrator has resigned under the provisions of Article 711, paragraph (3);
第七百十一条第三項の規定により辞任したとき。
if the bond administrator has been dismissed under the provisions of the preceding paragraph; or
前条の規定により解任されたとき。
if the bond administrator has been dissolved.
解散したとき。
In the cases provided for in the first sentence of the preceding paragraph, if a bond-issuing company does not convene a meeting under the provisions of the second sentence of that paragraph or file a petition under the second sentence of that paragraph within two months of the day on which the bond-issuing company fell under any of the circumstances in each item of that paragraph, the bond-issuing company will forfeit the benefit of time in relation to the total amount of relevant bonds.
In the cases provided for in the first sentence of paragraph (1), if there are unavoidable reasons, interested parties may petition the court for the appointment of a bond administrator to succeed to the administration of the bonds.
第一項前段に規定する場合において、やむを得ない事由があるときは、利害関係人は、裁判所に対し、事務を承継する社債管理者の選任の申立てをすることができる。
If a bond-issuing company has specified the bond administrator to succeed to the administration of the bonds pursuant to the provisions of the first sentence of paragraph (1) (excluding cases where the consent of a bondholders meeting has been obtained), or if a bond administrator has been appointed to succeed to the administration of the bonds under the provisions of the preceding paragraph, the bond-issuing company must, without delay, give public notice to that effect and separate notice thereof to each known bondholder.
定義第二条第一項第二十三号・法令全体に適用
この法律の規定により会社が行う割当てにより発生する当該会社を債務者とする金銭債権であって、第六百七十六条各号に掲げる事項についての定めに従い償還されるもの
わかりやすく言うと
会社法の規定により会社が行う割当てで生じる、その会社を債務者とする金銭の債権で、募集のときに定めた利率、償還の方法と期限などに従って返済されるもののことです(第六百七十六条)。
定義第二条第一項第三十四号・法令全体に適用
公告方法のうち、電磁的方法(電子情報処理組織を使用する方法その他の情報通信の技術を利用する方法であって法務省令で定めるものをいう。以下同じ。)により不特定多数の者が公告すべき内容である情報の提供を受けることができる状態に置く措置であって法務省令で定めるものをとる方法
わかりやすく言うと
会社の公告方法のうち、情報通信の技術を使って、誰でも公告の内容を受け取れる状態に置く方法のことです。具体的な方法や措置は法務省令で定められています。
定義第三十四条第二項
信託業法(平成十六年法律第百五十四号)第二条第二項に規定する信託会社
わかりやすく言うと
信託業法で、内閣総理大臣の免許または登録を受けた者とされている信託会社のことです。発起人が出資の払込みの取扱い先に選べる銀行等の一つです。
定義第三十四条第二項・この規定及び第七百三条第一項第一号の中だけ
銀行法(昭和五十六年法律第五十九号)第二条第一項に規定する銀行
わかりやすく言うと
銀行法により内閣総理大臣の免許を受けて銀行業を営む者のことです(銀行法第二条第一項)。
略称規定第六百八十二条第一項・この編の中だけ
社債権者(無記名社債の社債権者を除く。)は、社債を発行した会社(以下この編において「社債発行会社」という。)に対し、当該社債権者についての社債原簿に記載され…
わかりやすく言うと
社債を発行した会社のことです。社債権者(無記名社債の社債権者を除きます)は、この会社に、自分についての社債原簿の記載事項を書いた書面の交付などを請求できます。