A special controlling shareholder who has made a demand for share, etc. cash-out acquires all of the shares, etc. subject to the cash-out on the acquisition day.
If shares, etc. subject to the cash-out that a special controlling shareholder acquired pursuant to the provisions of the preceding paragraph are shares with restriction on transfer or share options with restriction on transfer (meaning the share options with restriction on transfer prescribed in Article 243, paragraph (2), item (ii)), it is deemed that the subject company determined to grant an approval under Article 137, paragraph (1) or Article 263, paragraph (1) with respect to the fact that the special controlling shareholder acquires the shares, etc. subject to the cash-out.
前項の規定により特別支配株主が取得した売渡株式等が譲渡制限株式又は譲渡制限新株予約権（第二百四十三条第二項第二号に規定する譲渡制限新株予約権をいう。）であるときは、対象会社は、当該特別支配株主が当該売渡株式等を取得したことについて、第百三十七条第一項又は第二百六十三条第一項の承認をする旨の決定をしたものとみなす。
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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
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)
acquisition day
「取得日」
The day, stated in a special controlling shareholder's demand for cash-out, on which that shareholder acquires the shares (and any share options) that the other holders must sell to it.
Short name set inArticle 179-2, paragraph (1), item (v)· applies only in this section
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)
share options with restriction on transfermachine translation
「譲渡制限新株予約権」
Share options whose terms require the company's approval for anyone to acquire them by transfer.
Defined inArticle 243, paragraph (2), item (ii)· applies only in this chapter