If the demand pursuant to the provisions of paragraph (1) of the preceding Article is made, the amount provided for in each of the following items in accordance with the categories of the cases set forth in relevant items is to be the price of the shares less than one unit relating to relevant demand:
if the shares less than one unit are shares with a market price, the amount calculated by the method prescribed by Ministry of Justice Order as the market price of relevant shares less than one unit;
当該単元未満株式が市場価格のある株式である場合 当該単元未満株式の市場価格として法務省令で定める方法により算定される額
in cases other than the cases set forth in the preceding item, the amount prescribed through discussions between the stock company and the holder of shares less than one unit who made the demand under the provisions of paragraph (1) of the preceding Article.
In the cases set forth in item (ii) of the preceding paragraph, the holder of shares less than one unit who made the demand pursuant to the provisions of paragraph (1) of the preceding Article, or the stock company, may file a petition for the court to determine the price within twenty days from the day when relevant demand is made.
In order to make the determination under the preceding paragraph, the court must consider the financial condition of the stock company at the time of the demand pursuant to the provisions of paragraph (1) of the preceding Article and all other circumstances.
Notwithstanding the provisions of paragraph (1), if petition is filed under paragraph (2) within the period provided for in that paragraph, the amount determined by the court in response to relevant petition is to be the price of the shares less than one unit.
Notwithstanding the provisions of paragraph (1), in the cases set forth in item (ii) of that paragraph, if no petition is filed under paragraph (2) within the period provided for in that paragraph (except if the discussions under paragraph (1), item (ii) are successfully concluded within the period), the sale price of the shares less than one unit is to be the amount obtained by multiplying the amount of the net assets per share by the number of the shares less than one unit related to the demand pursuant to the provisions of paragraph (1) of the preceding Article.
The purchase of the shares related to the demand pursuant to the provisions of paragraph (1) of the preceding Article becomes effective as at payment for the shares.
前条第一項の規定による請求に係る株式の買取りは、当該株式の代金の支払の時に、その効力を生ずる。
If a holder of shares less than one unit makes a demand pursuant to the provisions of paragraph (1) of the preceding Article with respect to shares for which share certificates are issued, the share certificate-issuing company must pay the price of the shares related to the demand in exchange for the share certificates.
(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 provision(Determination of Price of Shares Less than One Unit)
If the demand pursuant to the provisions of paragraph (1) of the preceding Article is made, the amount provided for in each of the following items in accordance with the categories of the cases set…
前条第一項の規定による請求があった場合には、次の各号に掲げる場合の区分に応じ、当該各号に定める額をもって当該請求に係る単元未満株式の価格とする。
Open this provision(Determination of Price of Shares Less than One Unit)
if the shares less than one unit are shares with a market price, the amount calculated by the method prescribed by Ministry of Justice Order as the market price of relevant shares less than one unit;
当該単元未満株式が市場価格のある株式である場合 当該単元未満株式の市場価格として法務省令で定める方法により算定される額
Open this provision(Determination of Price of Shares Less than One Unit)
in cases other than the cases set forth in the preceding item, the amount prescribed through discussions between the stock company and the holder of shares less than one unit who made the demand…
前号に掲げる場合以外の場合 株式会社と前条第一項の規定による請求をした単元未満株主との協議によって定める額
Open this provision(Determination of Price of Shares Less than One Unit)
In the cases set forth in item (ii) of the preceding paragraph, the holder of shares less than one unit who made the demand pursuant to the provisions of paragraph (1) of the preceding Article…
前項第二号に掲げる場合には、前条第一項の規定による請求をした単元未満株主又は株式会社は、当該請求をした日から二十日以内に、裁判所に対し、価格の決定の申立てをすることができる。
Open this provisionshare certificate-issuing company
「株券発行会社」
A stock company whose articles of incorporation provide that it issues share certificates for its shares (for a company with class shares, for shares of every class).
Defined inArticle 117, paragraph (7)
net assets per share
「一株当たり純資産額」
The value of a stock company's net assets (what it owns minus what it owes) for each share, worked out by the method set by Ministry of Justice Order (法務省令) — used, for example, to fix the money a company must deposit under Article 141 when it buys shares whose transfer it has refused to approve.
Defined inArticle 141, paragraph (2)
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)