Whenever a stock company intends to distribute dividends of surplus pursuant to the provisions of the preceding Article, it must specify the following matters by a resolution at a shareholders meeting:
株式会社は、前条の規定による剰余金の配当をしようとするときは、その都度、株主総会の決議によって、次に掲げる事項を定めなければならない。
the kind and total book value of the dividend property (excluding the shares, etc. of relevant stock company);
the matters regarding the assignment of the dividend property to shareholders;
株主に対する配当財産の割当てに関する事項
the day on which relevant distribution of dividend of surplus takes effect.
当該剰余金の配当がその効力を生ずる日
In the cases provided for in the preceding paragraph, if a stock company issues two or more classes of shares with different features as to dividends of surplus, the stock company may decide the following matters as the matters set forth in item (ii) of that paragraph in accordance with the features of relevant classes of shares:
if there is any arrangement that no dividend property is assigned to the shareholders of a certain class of shares, a statement to that effect and relevant class of shares;
ある種類の株式の株主に対して配当財産の割当てをしないこととするときは、その旨及び当該株式の種類
beyond the matters set forth in the preceding item, if there is any arrangement that each class of shares is treated differently with respect to assignment of dividend property, a statement to that effect and the details of relevant different treatment.
The decisions on the matters set forth in paragraph (1), item (ii) must provide that the dividend property is assigned in proportion to the number of the shares (or, if there are decisions on the matters set forth in item (ii) of the preceding paragraph, the number of the shares of each class) held by the shareholders (excluding the relevant stock company and shareholders of the class of shares referred to in item (i) of the preceding paragraph).
If the dividend property consists of property other than monies, the stock company may decide the following matters by a resolution at a shareholders meeting; provided, however, that the last day of the period referred to in item (i) must be the day that is or precedes the day referred to in paragraph (1), item (iii):
if right to demand distribution of monies (meaning the right to demand that the stock company deliver monies in lieu of relevant dividend property; hereinafter the same applies in this Chapter) is granted to shareholders, a statement to that effect and the period during which the right to demand distribution of monies may be exercised; and
株主に対して金銭分配請求権（当該配当財産に代えて金銭を交付することを株式会社に対して請求する権利をいう。以下この章において同じ。）を与えるときは、その旨及び金銭分配請求権を行使することができる期間
if there is any arrangement that no dividend property is to be assigned to shareholders who hold less than a certain number of shares, a statement to that effect and that number.
一定の数未満の数の株式を有する株主に対して配当財産の割当てをしないこととするときは、その旨及びその数
A company with board of directors may provide in the articles of incorporation that it may distribute a dividend of surplus only once during a business year by a resolution of the board of directors meeting (limited to that where the dividend property consists of monies. It is referred to as "interim dividend" hereinafter in this Chapter). For the purpose of the application of the provisions of paragraph (1) to the interim dividend in these cases, the term "shareholders meeting" in that paragraph is deemed to be replaced with "board of directors meeting".
Read this with the articles around it
(Dividends of Surplus to Shareholders)
A stock company may distribute dividends of surplus to its shareholders (excluding relevant stock company).
株式会社は、その株主（当該株式会社を除く。）に対し、剰余金の配当をすることができる。
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
Whenever a stock company intends to distribute dividends of surplus pursuant to the provisions of the preceding Article, it must specify the following matters by a resolution at a shareholders…
株式会社は、前条の規定による剰余金の配当をしようとするときは、その都度、株主総会の決議によって、次に掲げる事項を定めなければならない。
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
the matters regarding the assignment of the dividend property to shareholders;
株主に対する配当財産の割当てに関する事項
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
the day on which relevant distribution of dividend of surplus takes effect.
当該剰余金の配当がその効力を生ずる日
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
if there is any arrangement that no dividend property is assigned to the shareholders of a certain class of shares, a statement to that effect and relevant class of shares;
ある種類の株式の株主に対して配当財産の割当てをしないこととするときは、その旨及び当該株式の種類
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
beyond the matters set forth in the preceding item, if there is any arrangement that each class of shares is treated differently with respect to assignment of dividend property…
前号に掲げる事項のほか、配当財産の割当てについて株式の種類ごとに異なる取扱いを行うこととするときは、その旨及び当該異なる取扱いの内容
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
if right to demand distribution of monies (meaning the right to demand that the stock company deliver monies in lieu of relevant dividend property; hereinafter the same applies in this Chapter) is…
株主に対して金銭分配請求権（当該配当財産に代えて金銭を交付することを株式会社に対して請求する権利をいう。以下この章において同じ。）を与えるときは、その旨及び金銭分配請求権を行使することができる期間
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
A company with board of directors may provide in the articles of incorporation that it may distribute a dividend of surplus only once during a business year by a resolution of the board of directors…
取締役会設置会社は、一事業年度の途中において一回に限り取締役会の決議によって剰余金の配当（配当財産が金銭であるものに限る。以下この項において「中間配当」という。）をすることができる旨を定款で定めることができる。
Open this provisioncompany with board of directors
「取締役会設置会社」
A stock company that has a board of directors, or that this Act requires to have one.
Defined inArticle 2, paragraph (1), item (vii)· applies throughout the law
dividend property
「配当財産」
The money or other property a stock company hands out when it pays a dividend of surplus.
Defined inArticle 2, paragraph (1), item (xxv)· applies throughout the law
shares, etc.machine translation
「株式等」
A stock company's shares, bonds and share options taken together.
Defined inArticle 107, paragraph (2), item (ii), (e)
right to demand distribution of moniesmachine translation
「金銭分配請求権」
A shareholder's right, where a dividend of surplus is paid in property other than money, to demand money from the stock company instead of that property.
Defined inArticle 454, paragraph (4), item (i)· applies only in this chapter
interim dividendmachine translation
「中間配当」
A dividend of surplus paid in money that a company with a board of directors may, if its articles of incorporation allow, pay once partway through a business year on a resolution of the board instead of the shareholders meeting.
Short name set inArticle 454, paragraph (5)· applies only in this paragraph
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.