An incorporated financial instruments exchange surviving an absorption-type merger must obtain approval for the absorption-type merger agreement by a resolution at the shareholders meeting, by the day immediately preceding the effective date.
吸収合併存続株式会社金融商品取引所は、効力発生日の前日までに、株主総会の決議によつて、吸収合併契約の承認を受けなければならない。
If the assets of the incorporated association-operated financial instruments exchange disappearing in an absorption-type merger which are to be succeeded to include shares in the incorporated financial instruments exchange surviving the absorption-type merger, the directors must give an explanation of particulars related to those shares at the shareholders meeting referred to in the preceding paragraph.
承継する吸収合併消滅会員金融商品取引所の資産に吸収合併存続株式会社金融商品取引所の株式が含まれる場合には、取締役は、前項の株主総会において、当該株式に関する事項を説明しなければならない。
If the incorporated financial instruments exchange surviving an absorption-type merger is a company with class shares, and the shares, etc. to be delivered to members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger are shares in the incorporated financial instruments exchange surviving the absorption-type merger, the absorption-type merger does not become effective without a resolution at the class shareholders meeting consisting of class shareholders for the class shares set forth in Article 139, item (ii), (a) (limited to shares with a restriction on transfer for which the provisions of the articles of incorporation which are referred to in Article 199, paragraph (4) of the Companies Act have not been provided) (or, if there are two or more classes of shares associated with such class shareholders, without the resolutions of each group of class shareholders whose constituent members are the class shareholders in each separate class of those two or more classes of shares); provided, however, that this does not apply if there are no shareholders that are entitled to exercise voting rights at the class shareholders meeting.
吸収合併存続株式会社金融商品取引所が種類株式発行会社である場合において、吸収合併消滅会員金融商品取引所の会員に対して交付する株式等が吸収合併存続株式会社金融商品取引所の株式であるときは、吸収合併は、第百三十九条第二号イの種類の株式（譲渡制限株式であつて、会社法第百九十九条第四項の定款の定めがないものに限る。）の種類株主を構成員とする種類株主総会（当該種類株主に係る株式の種類が二以上ある場合にあつては、当該二以上の株式の種類別に区分された種類株主を構成員とする各種類株主総会）の決議がなければ、その効力を生じない。ただし、当該種類株主総会において議決権を行使することができる株主が存しない場合は、この限りでない。
The resolution of a shareholders meeting referred to in paragraph (1) must be adopted with at least a two-thirds majority (if a higher proportion is provided for in the articles of incorporation, that proportion) of the votes of the attending shareholders, at a meeting in which shareholders that hold over half the voting rights (if a proportion of one-third or more is specified by the articles of incorporation, at least that proportion) of the shareholders that are entitled to exercise voting rights at the shareholders meeting, are present. In such a case, the incorporated financial instruments exchange surviving the absorption-type merger is not precluded from establishing provisions in its articles of incorporation requiring at least a certain number of affirmative votes from the shareholders or other requirements, in addition to the requirement for the resolution.
The provisions of the preceding paragraph apply mutatis mutandis to the class shareholders referred to in paragraph (3).
Read this with the articles around it
(Approval of an Absorption-Type Merger Agreement)
An incorporated financial instruments exchange surviving an absorption-type merger must obtain approval for the absorption-type merger agreement by a resolution at the shareholders meeting…
吸収合併存続株式会社金融商品取引所は、効力発生日の前日までに、株主総会の決議によつて、吸収合併契約の承認を受けなければならない。
Open this provision(Approval of an Absorption-Type Merger Agreement)
If the incorporated financial instruments exchange surviving an absorption-type merger is a company with class shares, and the shares, etc. to be delivered to members of the incorporated…
吸収合併存続株式会社金融商品取引所が種類株式発行会社である場合において、吸収合併消滅会員金融商品取引所の会員に対して交付する株式等が吸収合併存続株式会社金融商品取引所の株式であるときは、吸収合併は…
Open this provision(Approval of an Absorption-Type Merger Agreement)
The resolution of a shareholders meeting referred to in paragraph (1) must be adopted with at least a two-thirds majority…
第一項の株主総会の決議は、当該株主総会において議決権を行使することができる株主の議決権の過半数（三分の一以上の割合を定款で定めた場合にあつては、その割合以上）を有する株主が出席し、出席した当該株主の議決権の三分の二（これを上回る割合を定款で定めた場合にあつては、その割合）以上に当たる多数をもつて行わなければならない。
Open this provision(Absorption-Type Merger Agreements between an Incorporated Association-Operated Financial Instruments Exchange and an Incorporated Financial Instruments Exchange)
if the incorporated financial instruments exchange surviving the absorption-type merger will deliver shares, etc. in lieu of equity…
吸収合併存続株式会社金融商品取引所が吸収合併に際して吸収合併消滅会員金融商品取引所の会員に対してその持分に代わる株式等（株式又は金銭をいう。以下この款において同じ。）を交付するときは、当該株式等についての次に掲げる事項
Open this provision(Determination of Subscription Requirements)
For a company with class shares, if the class of the shares for subscription under paragraph (1), item (i) is that of shares with restriction on transfer…
種類株式発行会社において、第一項第一号の募集株式の種類が譲渡制限株式であるときは、当該種類の株式に関する募集事項の決定は、当該種類の株式を引き受ける者の募集について当該種類の株式の種類株主を構成員とする種類株主総会の決議を要しない旨の定款の定めがある場合を除き、当該種類株主総会の決議がなければ、その効力を生じない。
Open this provisionvoting rightsmachine translation
「議決権」
From Article 29-4, paragraph (2) on, the voting rights of all the shareholders, partners, members, cooperative members or contributors of an entity (総株主等の議決権); for a stock company, not counting votes on shares that cannot be voted on any matter a shareholders' meeting may resolve, and counting votes on shares deemed to carry voting rights under Article 879, paragraph (3) of the Companies Act.
Defined inArticle 29-4, paragraph (2)
absorption-type mergermachine translation
「吸収合併」
A merger of one financial instruments exchange (金融商品取引所) with another in which the exchange that survives takes over all the rights and obligations of the exchange that ceases to exist.
Defined inArticle 136, paragraph (2)
incorporated association-operated financial instruments exchange disappearing in the absorption-type mergermachine translation
「吸収合併消滅会員金融商品取引所」
The incorporated association-operated financial instruments exchange (会員金融商品取引所) that ceases to exist in an absorption-type merger (吸収合併) with another financial instruments exchange.
Short name set inArticle 137, paragraph (1), item (i)· applies only in this subsection
effective date
「効力発生日」
In the subsection on mergers (合併) of financial instruments exchanges, the day on which an absorption-type merger takes effect.
Short name set inArticle 137, paragraph (1), item (ii)· applies only in this subsection
incorporated financial instruments exchange surviving the absorption-type mergermachine translation
「吸収合併存続株式会社金融商品取引所」
In an absorption-type merger (吸収合併) between an incorporated association-operated financial instruments exchange (会員金融商品取引所) and an incorporated financial instruments exchange (株式会社金融商品取引所), the incorporated exchange, which survives the merger.
Short name set inArticle 139, paragraph (1), item (i)· applies only in this subsection
shares, etc.machine translation
「株式等」
In the subsection of this Act on absorption-type mergers to which Article 139 belongs, shares or money: what a surviving incorporated financial instruments exchange delivers to the members of a membership-organized financial instruments exchange that disappears in the merger in place of their equity.
Defined inArticle 139, paragraph (1), item (ii)· applies only in this subsection
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.