A stock company may not give property benefits (limited to benefits given for the accounts of relevant stock company or its subsidiary company; hereinafter the same applies in this Article) to any person in connection with the person's exercise of shareholders' rights, rights as qualified former shareholders (meaning qualified former shareholders as prescribed in Article 847-2, paragraph (9)), or rights as shareholders in the ultimate, wholly owning parent company, etc. of the stock company (meaning an ultimate, wholly owning parent company, etc. prescribed in Article 847-3, paragraph (1)).
株式会社は、何人に対しても、株主の権利、当該株式会社に係る適格旧株主（第八百四十七条の二第九項に規定する適格旧株主をいう。）の権利又は当該株式会社の最終完全親会社等（第八百四十七条の三第一項に規定する最終完全親会社等をいう。）の株主の権利の行使に関し、財産上の利益の供与（当該株式会社又はその子会社の計算においてするものに限る。以下この条において同じ。）をしてはならない。
If a stock company gives property benefits to a specific shareholder without charge, it is presumed that relevant stock company has given property benefits regarding the exercise of shareholders' rights. The same applies if a stock company gives property benefits to a specific shareholder for value if the benefit received by relevant stock company or its subsidiary company is insignificant in comparison to relevant property benefits.
株式会社が特定の株主に対して無償で財産上の利益の供与をしたときは、当該株式会社は、株主の権利の行使に関し、財産上の利益の供与をしたものと推定する。株式会社が特定の株主に対して有償で財産上の利益の供与をした場合において、当該株式会社又はその子会社の受けた利益が当該財産上の利益に比して著しく少ないときも、同様とする。
If a stock company gives property benefits in violation of the provisions of paragraph (1), the recipient of relevant benefit must return the same to relevant stock company or its subsidiary company. In these cases, if the recipient has tendered anything to relevant stock company or its subsidiary company in exchange for that benefit, that person may receive the return of the same.
If a stock company gives property benefits in violation of the provisions of paragraph (1), persons prescribed by Ministry of Justice Order as directors (including executive officers for companies with nominating committee, etc.; hereinafter the same applies in this paragraph.) who are involved in giving relevant benefits are jointly and severally liable to relevant stock company for payment of an amount equivalent to the value of the benefit so given; provided, however, that this does not apply if that person (excluding the directors who gave relevant benefit) proves that they did not fail to exercise due care with respect to the performance of their duties.
株式会社が第一項の規定に違反して財産上の利益の供与をしたときは、当該利益の供与をすることに関与した取締役（指名委員会等設置会社にあっては、執行役を含む。以下この項において同じ。）として法務省令で定める者は、当該株式会社に対して、連帯して、供与した利益の価額に相当する額を支払う義務を負う。ただし、その者（当該利益の供与をした取締役を除く。）がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。
Exemptions from the obligations referred to in the preceding paragraph may not be given without the consent of all shareholders.
前項の義務は、総株主の同意がなければ、免除することができない。
Read this with the articles around it
(Giving Benefits on Exercise of Rights of Shareholders)
A stock company may not give property benefits (limited to benefits given for the accounts of relevant stock company or its subsidiary company; hereinafter the same applies in this Article) to any…
株式会社は、何人に対しても、株主の権利、当該株式会社に係る適格旧株主（第八百四十七条の二第九項に規定する適格旧株主をいう。）の権利又は当該株式会社の最終完全親会社等（第八百四十七条の三第一項に規定する最終完全親会社等をいう。）の株主の権利の行使に関し…
Open this provision(Giving Benefits on Exercise of Rights of Shareholders)
A stock company may not give property benefits (limited to benefits given for the accounts of relevant stock company or its subsidiary company; hereinafter the same applies in this Article) to any…
株式会社は、何人に対しても、株主の権利、当該株式会社に係る適格旧株主（第八百四十七条の二第九項に規定する適格旧株主をいう。）の権利又は当該株式会社の最終完全親会社等（第八百四十七条の三第一項に規定する最終完全親会社等をいう。）の株主の権利の行使に関し…
Open this provision(Giving Benefits on Exercise of Rights of Shareholders)
If a stock company gives property benefits in violation of the provisions of paragraph (1), persons prescribed by Ministry of Justice Order as directors…
株式会社が第一項の規定に違反して財産上の利益の供与をしたときは、当該利益の供与をすることに関与した取締役（指名委員会等設置会社にあっては、執行役を含む。以下この項において同じ。）として法務省令で定める者は、当該株式会社に対して、連帯して、供与した利益の価額に相当する額を支払う義務を負う。
Open this provision(Action to Enforce Liability by Former Shareholders)
For the purpose of the application of the provisions of Article 55, Article 102-2, paragraph (2), Article 103, paragraph (3), Article 120, paragraph (5), Article 213-2, paragraph (2), Article 286-2…
株式交換等完全子会社に係る適格旧株主（第一項本文又は第三項本文の規定によれば提訴請求をすることができることとなる旧株主をいう。以下この節において同じ。）がある場合において、第一項各号に掲げる行為の効力が生じた時までにその原因となった事実が生じた責任又は義務を免除するときにおける第五十五条、第百二条の二第二項…
Open this provision(Action to Enforce Specific Liability by Shareholders of Ultimate, Wholly Owning Parent Company)
A shareholder who holds votes of one-hundredths (or, if a lesser proportion is prescribed in the articles of incorporation, that proportion) or more of the votes of all shareholders…
六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続き株式会社の最終完全親会社等（当該株式会社の完全親会社等であって、その完全親会社等がないものをいう。以下この節において同じ。）の総株主（株主総会において決議をすることができる事項の全部につき議決権を行使することができない株主を除く。）の議決権…
Open this provisionsubsidiary company
「子会社」
A stock company in which a company holds a majority of the votes, or any other corporation whose management a company controls, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
company with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
qualified former shareholdermachine translation
「適格旧株主」
A former shareholder (旧株主) who is entitled, under the main clause of Article 847-2, paragraph (1) or (3), to demand that a wholly owned subsidiary company resulting from the share exchange, etc. (株式交換等完全子会社) file an action to enforce the liability of its officers and others.
Defined inArticle 847-2, paragraph (9)· applies only in this section
ultimate, wholly owning parent company, etc.machine translation
「最終完全親会社等」
The company at the top of a chain of full ownership over a stock company: a wholly owning parent company, etc. of that stock company that itself has no wholly owning parent company, etc. (Article 847-3, paragraph (1)).
Defined inArticle 847-3, paragraph (1)· applies only in this section
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.