Holders of shares less than one unit may demand that the stock company purchase the shares less than one unit that they hold.
A demand under the provisions of the preceding paragraph must be made by disclosing the number of the shares less than one unit relating to that demand (or, for a company with class shares, the classes of the shares less than one unit and the number of shares for each class).
A holder of shares less than one unit who makes a demand pursuant to the provisions of paragraph (1) may withdraw relevant demand only if the approval of the stock company is obtained.
(Demand for Purchase of Holder of Shares Less than One Unit)
Holders of shares less than one unit may demand that the stock company purchase the shares less than one unit that they hold.
単元未満株主は、株式会社に対し、自己の有する単元未満株式を買い取ることを請求することができる。
Open this provisioncompany with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· applies throughout the law
holder of shares less than one unit
「単元未満株主」
A shareholder who holds shares less than one unit, which carry no vote at shareholders meetings.
Short name set inArticle 189, paragraph (1)
shares less than one unit
「単元未満株式」
Shares fewer in number than one share unit, which carry no vote at shareholders meetings.
Short name set inArticle 189, paragraph (1)