A medical corporation, within the period set forth in paragraph (1) of the preceding Article, is to make a public notice to its creditors to the effect that any objection, if any, should be stated within a certain period of time, and must notify each known creditor separately. However, such period is not to be less than two months.
If creditors do not object to the absorption-type merger within the period set forth in the preceding paragraph, it is to be deemed that they have approved the absorption-type merger.
When a creditor has made an objection, the medical corporation must pay or provide reasonable security to the creditor or place reasonable property with a trust company, etc. (meaning a trust company and a financial institution (meaning a financial institution authorized under Article 1, paragraph (1) of the Act on Engagement in Trust Business by Financial Institutions (Act No. 43 of 1943)) engaged in trust business; the same applies hereinafter) for the purpose of having the creditor receive payment; provided, however, that this does not apply when the absorption-type merger is unlikely to harm the creditor.
Read this with the articles around it