Article 179-7Demand to Cease Acquisition of Shares Subject to the Cash-Out
第百七十九条の七（売渡株式等の取得をやめることの請求）
In the following cases, if a shareholder subject to the cash-out is likely to suffer any disadvantages, the shareholder subject to the cash-out may demand to a special controlling shareholder to cease acquisition of all shares, etc. subject to the cash-out related to the demand for share, etc. cash-out:
if the demand for share, etc. cash-out violates the laws and regulations;
株式売渡請求が法令に違反する場合
if a subject company violates the provisions of Article 179-4, paragraph (1), item (i) (limited to the portion relating to the notice to shareholders subject to the Cash-Out) or Article 179-5; and
対象会社が第百七十九条の四第一項第一号（売渡株主に対する通知に係る部分に限る。）又は第百七十九条の五の規定に違反した場合
if the matters set forth in Article 179-2, paragraph (1), item (ii) or (iii) are extremely unfair according to financial status of the subject company or other circumstances.
第百七十九条の二第一項第二号又は第三号に掲げる事項が対象会社の財産の状況その他の事情に照らして著しく不当である場合
In the following cases, if a share option holder subject to the cash-out is likely to suffer any disadvantages, the share option holder subject to the cash-out may demand that the special controlling shareholder cease acquisition of all of shares, etc. subject to the cash-out related to the demand for share, etc. cash-out:
if the demand for share option cash-out violates the laws and regulations;
新株予約権売渡請求が法令に違反する場合
if a subject company violates the provisions of Article 179-4, paragraph (1), item (i) (limited to the portion relating to the notice to share option holder subject to the cash-out) or Article 179-5; and
対象会社が第百七十九条の四第一項第一号（売渡新株予約権者に対する通知に係る部分に限る。）又は第百七十九条の五の規定に違反した場合
if the matters set forth in Article 179-2, paragraph (1), item (iv), (b) or (c) are extremely unfair according to the financial status of the subject company or other circumstances.
第百七十九条の二第一項第四号ロ又はハに掲げる事項が対象会社の財産の状況その他の事情に照らして著しく不当である場合
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special controlling shareholdermachine translation
「特別支配株主」
A person who, together with the stock companies it wholly owns and similar corporations set by Ministry of Justice Order (法務省令), holds nine tenths or more of the votes in a stock company (or any higher proportion its articles of incorporation set), and who may therefore demand that all other shareholders sell it their shares.
Defined inArticle 179, paragraph (1)
subject company
「対象会社」
The stock company whose shares a special controlling shareholder (one holding at least nine tenths of the votes) demands the other shareholders sell to it in a cash-out.
Short name set inArticle 179, paragraph (2)
demand for cash-out
「株式売渡請求」
A special controlling shareholder's (特別支配株主) demand under Article 179, paragraph (1) that all the other shareholders sell it all their shares in the company — the shareholder being one that, with its wholly owned companies, holds at least nine-tenths of all shareholders' votes.
Short name set inArticle 179, paragraph (2)· applies only in this chapter and in Article 846-2, paragraph (2), item (i)
demand for share option cash-out
「新株予約権売渡請求」
A demand by a special controlling shareholder (one holding at least nine tenths of the votes), made along with its demand for cash-out of the shares, that all holders of the company's share options sell them to it.
Short name set inArticle 179, paragraph (3)
shareholders subject to the cash-out
「売渡株主」
A shareholder who must sell their shares to a special controlling shareholder (one holding at least nine tenths of the votes) under a demand for cash-out.
Short name set inArticle 179-2, paragraph (1), item (ii)
share option holder subject to the cash-out
「売渡新株予約権者」
A holder of share options who must sell them to a special controlling shareholder (one holding at least nine tenths of the votes) under a demand for share option cash-out.
Short name set inArticle 179-2, paragraph (1), item (iv), (b)
shares, etc. subject to the cash-out
「売渡株式等」
The shares subject to a cash-out, together with the share options subject to it when the special controlling shareholder demands those as well.
Short name set inArticle 179-2, paragraph (1), item (v)
demand for share, etc. cash-out
「株式等売渡請求」
A special controlling shareholder's demand for cash-out of the shares, together with its demand for cash-out of the share options where it makes both.
Short name set inArticle 179-3, paragraph (1)