If a stock company carries out an act set forth in any item of paragraph (1) of the preceding Article in violation of the provisions of that paragraph, persons who received monies, etc. as a result of relevant act, as well as any executives (meaning executive directors (or, for a company with nominating committee, etc., executive officers; hereinafter the same applies in this paragraph) and other persons prescribed by Ministry of Justice Order as persons involved, in performing their duties, in the execution of the operations by relevant executive directors; hereinafter the same applies in this Section) who performed duties regarding relevant act and, if that act is any of the acts set forth below, the persons specified in each of those items are jointly and severally liable to relevant stock company for payment of monies in an amount equivalent to the book value of the monies, etc. delivered to the persons who were delivered relevant monies, etc.:
前条第一項の規定に違反して株式会社が同項各号に掲げる行為をした場合には、当該行為により金銭等の交付を受けた者並びに当該行為に関する職務を行った業務執行者（業務執行取締役（指名委員会等設置会社にあっては、執行役。以下この項において同じ。）その他当該業務執行取締役の行う業務の執行に職務上関与した者として法務省令で定めるものをいう。以下この節において同じ。）及び当該行為が次の各号に掲げるものである場合における当該各号に定める者は、当該株式会社に対し、連帯して、当該金銭等の交付を受けた者が交付を受けた金銭等の帳簿価額に相当する金銭を支払う義務を負う。
the acts set forth in paragraph (1), item (ii) of the preceding Article: the following persons:
前条第一項第二号に掲げる行為 次に掲げる者
if a resolution relating to a decision pursuant to the provisions of Article 156, paragraph (1) is passed at a shareholders meeting (limited to cases where the total amount of the monies, etc. under item (ii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at shareholders meeting (meaning persons prescribed by Ministry of Justice Order as directors who submitted proposals to relevant shareholders meeting; hereinafter the same applies in this paragraph) relating to relevant shareholders meeting;
if a resolution relating to a decision pursuant to the provisions of Article 156, paragraph (1) is passed at a board of directors meeting (limited to cases where the total amount of the monies, etc. under item (ii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at board of directors meeting (meaning persons prescribed by Ministry of Justice Order as directors who submitted proposals to relevant board of directors meeting (or, for a company with nominating committee, etc., directors or executive officers); hereinafter the same applies in this paragraph) relating to relevant board of directors meeting;
the acts set forth in paragraph (1), item (iii) of the preceding Article: the following persons:
前条第一項第三号に掲げる行為 次に掲げる者
if a resolution relating to a decision pursuant to the provisions of Article 157, paragraph (1) is passed at a shareholders meeting (limited to cases where the total amount under item (iii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at shareholders meeting relating to relevant shareholders meeting;
if a resolution relating to a decision pursuant to the provisions of Article 157, paragraph (1) is passed at a board of directors meeting (limited to cases where the total amount under item (iii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at board of directors meeting relating to relevant board of directors meeting;
第百五十七条第一項の規定による決定に係る取締役会の決議があった場合（当該決議によって定められた同項第三号の総額が当該決議の日における分配可能額を超える場合に限る。）における当該取締役会に係る取締役会議案提案取締役
the acts set forth in paragraph (1), item (iv) of the preceding Article:the proposing directors at shareholders meeting relating to the shareholders meeting under Article 171, paragraph (1) (limited to relevant shareholders meeting if the total amount of consideration for acquisition under item (i) of that paragraph decided by a resolution at the relevant shareholders meeting exceeds the distributable amount as at the day of relevant resolution);
the acts set forth in paragraph (1), item (vi) of the preceding Article: the following persons:
前条第一項第六号に掲げる行為 次に掲げる者
if a resolution relating to a decision pursuant to the provisions of the second sentence of Article 197, paragraph (3) is passed at a shareholders meeting (limited to cases where the total amount under item (ii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at shareholders meeting relating to relevant shareholders meeting;
if a resolution relating to a decision pursuant to the provisions of the second sentence of Article 197, paragraph (3) is passed at a board of directors meeting (limited to cases where the total amount under item (ii) of that paragraph decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at board of directors meeting relating to relevant board of directors meeting;
第百九十七条第三項後段の規定による決定に係る取締役会の決議があった場合（当該決議によって定められた同項第二号の総額が当該決議の日における分配可能額を超える場合に限る。）における当該取締役会に係る取締役会議案提案取締役
the acts set forth in paragraph (1), item (vii) of the preceding Article: the following persons:
前条第一項第七号に掲げる行為 次に掲げる者
if a resolution relating to a decision pursuant to the provisions of the second sentence of Article 234, paragraph (4) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2)) is passed at a shareholders meeting (limited to cases where the total amount under Article 234, paragraph (4), item (ii) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2)) decided by relevant resolution exceeds the distributable amount as at the day of that resolution), the proposing directors at shareholders meeting relating to relevant shareholders meeting;
第二百三十四条第四項後段（第二百三十五条第二項において準用する場合を含む。）の規定による決定に係る株主総会の決議があった場合（当該決議によって定められた第二百三十四条第四項第二号（第二百三十五条第二項において準用する場合を含む。）の総額が当該決議の日における分配可能額を超える場合に限る。）における当該株主総会に係る総会議案提案取締役
if a resolution relating to a decision pursuant to the provisions of the second sentence of Article 234, paragraph (4) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2)) is passed at a board of directors meeting (limited to cases where the total amount under Article 234, paragraph (4), item (ii) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2)) decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at board of directors meeting relating to relevant board of directors meeting;
第二百三十四条第四項後段（第二百三十五条第二項において準用する場合を含む。）の規定による決定に係る取締役会の決議があった場合（当該決議によって定められた第二百三十四条第四項第二号（第二百三十五条第二項において準用する場合を含む。）の総額が当該決議の日における分配可能額を超える場合に限る。）における当該取締役会に係る取締役会議案提案取締役
the acts set forth in paragraph (1), item (viii) of the preceding Article: the following persons:
前条第一項第八号に掲げる行為 次に掲げる者
if a resolution relating to a decision pursuant to the provisions of Article 454, paragraph (1) is passed at a shareholders meeting (limited to cases where the book value of the dividend property decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at shareholders meeting relating to relevant shareholders meeting;
第四百五十四条第一項の規定による決定に係る株主総会の決議があった場合（当該決議によって定められた配当財産の帳簿価額が当該決議の日における分配可能額を超える場合に限る。）における当該株主総会に係る総会議案提案取締役
if a resolution relating to a decision pursuant to the provisions of Article 454, paragraph (1) is passed at a board of directors meeting (limited to cases where the book value of the dividend property decided by relevant resolution exceeds the distributable amount as at the day of relevant resolution), the proposing directors at board of directors meeting relating to relevant board of directors meeting.
第四百五十四条第一項の規定による決定に係る取締役会の決議があった場合（当該決議によって定められた配当財産の帳簿価額が当該決議の日における分配可能額を超える場合に限る。）における当該取締役会に係る取締役会議案提案取締役
Notwithstanding the provisions of the preceding paragraph, executives and the persons specified in each of those items of that paragraph are not liable under relevant paragraph if relevant persons prove that they did not fail to exercise due care with respect to the performance of their duties.
An exemption from the obligations assumed by executives and the persons specified in each of those items of paragraph (1) pursuant to the provisions of that paragraph may not be given; provided, however, that this does not apply if all shareholders consent to the exemption from relevant obligations to the extent of the distributable amount as at the time of the act set forth in each item of paragraph (1) of the preceding Article.
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(Determination of Matters Regarding Acquisition of Shares)
A stock company must prescribe the following matters by a resolution at a shareholders meeting in advance in order to acquire for value own shares by agreement with its shareholders; provided…
株式会社が株主との合意により当該株式会社の株式を有償で取得するには、あらかじめ、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。ただし、第三号の期間は、一年を超えることができない。
Open this provision(Determination of Matters Regarding Acquisition of Shares)
the description and total amount of the monies, etc. (excluding the shares, etc. of the relevant stock company; hereinafter the same applies in this Subsection) that will be delivered in exchange for…
株式を取得するのと引換えに交付する金銭等（当該株式会社の株式等を除く。以下この款において同じ。）の内容及びその総額
Open this provision(Determination of Acquisition Price)
Whenever a stock company intends to acquire its shares in accordance with a determination pursuant to the provisions of paragraph (1) of the preceding Article, it must prescribe the following matters:
株式会社は、前条第一項の規定による決定に従い株式を取得しようとするときは、その都度、次に掲げる事項を定めなければならない。
Open this provision(Determination of Acquisition Price)
the total amount of the monies, etc. that will be delivered in exchange for the acquisition of the shares; and
株式を取得するのと引換えに交付する金銭等の総額
Open this provision(Determinations Regarding Acquisition of Shares Subject to Class-Wide Call)
A company with class shares which has issued shares subject to class-wide call (meaning the class shares that have provisions with respect to the matters set forth in Article 108, paragraph (1), item…
全部取得条項付種類株式（第百八条第一項第七号に掲げる事項についての定めがある種類の株式をいう。以下この款において同じ。）を発行した種類株式発行会社は、株主総会の決議によって、全部取得条項付種類株式の全部を取得することができる。この場合においては、当該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(Determinations Regarding Acquisition of Shares Subject to Class-Wide Call)
if monies, etc. will be delivered in exchange for the acquisition of the shares subject to class-wide call, the following matters with respect to relevant monies…
全部取得条項付種類株式を取得するのと引換えに金銭等を交付するときは、当該金銭等（以下この条において「取得対価」という。）についての次に掲げる事項
Open this provision(Auction of Shares)
The stock company may purchase some or all of the shares sold under the provisions of the preceding paragraph. In these cases, the stock company must prescribe the following matters:
株式会社は、前項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
Open this provision(Auction of Shares)
the total amount of the monies to be delivered in exchange for the purchase of the shares in the preceding item.
前号の株式の買取りをするのと引換えに交付する金銭の総額
Open this provision(Treatment of Fractional Shares)
A stock company may purchase some or all of the shares sold pursuant to the provisions of paragraph (2). In these cases, the following matters must be prescribed:
株式会社は、第二項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
Open this provision(Treatment of Fractional Shares)
the total amount of the monies to be delivered in exchange for the purchase of the shares under the preceding item.
前号の株式の買取りをするのと引換えに交付する金銭の総額
Open this provisionThe provisions of paragraphs (2) through (5) of the preceding Article apply mutatis mutandis to the cases provided for in the preceding paragraph.
前条第二項から第五項までの規定は、前項の場合について準用する。
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(Restriction on Dividends)
The total book value of the monies, etc. (excluding shares of the relevant stock company; hereinafter the same applies in this Section) delivered to shareholders as a result of the following acts may…
次に掲げる行為により株主に対して交付する金銭等（当該株式会社の株式を除く。以下この節において同じ。）の帳簿価額の総額は、当該行為がその効力を生ずる日における分配可能額を超えてはならない。
Open this provision(Restriction on Dividends)
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 156, paragraph (1)…
第百五十六条第一項の規定による決定に基づく当該株式会社の株式の取得（第百六十三条に規定する場合又は第百六十五条第一項に規定する場合における当該株式会社による株式の取得に限る。）
Open this provision(Restriction on Dividends)
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 157, paragraph (1);
第百五十七条第一項の規定による決定に基づく当該株式会社の株式の取得
Open this provision(Restriction on Dividends)
the acquisition of shares of relevant stock company pursuant to the provisions of Article 173, paragraph (1);
第百七十三条第一項の規定による当該株式会社の株式の取得
Open this provision(Restriction on Dividends)
the purchase of shares of relevant stock company pursuant to the provisions of Article 197, paragraph (3);
第百九十七条第三項の規定による当該株式会社の株式の買取り
Open this provision(Restriction on Dividends)
the purchase of shares of relevant stock company pursuant to the provisions of Article 234, paragraph (4) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2))…
第二百三十四条第四項（第二百三十五条第二項において準用する場合を含む。）の規定による当該株式会社の株式の買取り
Open this provision(Restriction on Dividends)
dividend of surplus.
剰余金の配当
Open this provision(Liability Related to Dividends of Surplus)
If a stock company carries out an act set forth in any item of paragraph (1) of the preceding Article in violation of the provisions of that paragraph, persons who received monies…
前条第一項の規定に違反して株式会社が同項各号に掲げる行為をした場合には、当該行為により金銭等の交付を受けた者並びに当該行為に関する職務を行った業務執行者（業務執行取締役（指名委員会等設置会社にあっては、執行役。以下この項において同じ。）その他当該業務執行取締役の行う業務の執行に職務上関与した者として法務省令で定めるも…
Open this provisioncompany with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
executive director
「業務執行取締役」
A director who runs a stock company's business: the representative director, any director chosen by the board to execute its business under Article 363, paragraph (1), and any other director who has in fact executed its business.
Defined inArticle 2, paragraph (1), item (xv), (a)
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
monies, etc.machine translation
「金銭等」
Money and any other property.
Defined inArticle 151, paragraph (1)
consideration for acquisition
「取得対価」
The money or other property a company hands shareholders in exchange for acquiring its shares subject to class-wide call.
Short name set inArticle 171, paragraph (1), item (i)· applies only in this article
distributable amount
「分配可能額」
The most a stock company may pay out to its shareholders in dividends or by buying back its own shares, worked out under Article 461, paragraph (2) from its surplus less the amounts listed there.
Defined inArticle 461, paragraph (2)
executives
「業務執行者」
An executive director (or, in a company with nominating committee, etc., an executive officer), or another person named by Ministry of Justice Order (法務省令) as involved in that director's work, who handled a payout to shareholders made beyond the distributable amount and is liable to repay it.
Defined inArticle 462, paragraph (1)· applies only in this section
proposing directors at shareholders meeting
「総会議案提案取締役」
A director named by Ministry of Justice Order (法務省令) as having put to a shareholders meeting a share buyback that paid out more than the distributable amount, and who is therefore liable to the company for that payout.
Defined inArticle 462, paragraph (1), item (i), (a)· applies only in this paragraph
proposing director at a board of directors meetingmachine translation
「取締役会議案提案取締役」
A director (or, in a company with nominating committee, etc., a director or executive officer) named by Ministry of Justice Order (法務省令) as having put to the board of directors a share buyback that paid out more than the distributable amount, and who is therefore liable to the company for that payout.
Defined inArticle 462, paragraph (1), item (i), (b)· applies only in this paragraph
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.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 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.