The provisions of the preceding paragraph do not apply if the shares acquired by the acquirer of shares are shares with restriction on transfer; provided, however, that this does not apply if it falls under any of the following:
that acquirer of shares has obtained approval under Article 136 as to an intended acquisition of those shares with restriction on transfer;
that acquirer of shares has obtained approval under Article 137, paragraph (1) as to a completed acquisition of those shares with restriction on transfer;
that acquirer of shares is a designated purchaser provided for in Article 140, paragraph (4);
that acquirer of shares is a person who has acquired the shares with restriction on transfer by general succession including inheritance.
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shares with restriction on transfer
「譲渡制限株式」
Shares whose terms require the company's approval for anyone to acquire them by transfer.
Defined inArticle 2, paragraph (1), item (xvii)· applies throughout the law
acquirer of shares
「株式取得者」
A person who has acquired shares from someone other than the company that issued them, and who may ask that company to enter the acquisition in its shareholder register.
Short name set inArticle 133, paragraph (1)· applies only in this section
designated purchaser
「指定買取人」
A person a stock company designates to buy some or all of the shares with restriction on transfer whose transfer it has refused to approve.
Short name set inArticle 140, paragraph (4)· applies only in this subsection