If an order for commencement of special liquidation is issued, if a liquidating stock company intends to carry out any act set forth below, it must obtain the permission of the court:
特別清算開始の命令があった場合には、清算株式会社が次に掲げる行為をするには、裁判所の許可を得なければならない。
transfer of the entire business; or
事業の全部の譲渡
transfer of significant part of the business (excluding the transfer in which the book value of the assets to be transferred by relevant transfer does not exceed one fifth (or, if any lower proportion is provided for in the articles of incorporation, the proportion) of the amount calculated by the method prescribed by Ministry of Justice Order as the total amount of the assets of relevant stock company);
事業の重要な一部の譲渡（当該譲渡により譲り渡す資産の帳簿価額が当該清算株式会社の総資産額として法務省令で定める方法により算定される額の五分の一（これを下回る割合を定款で定めた場合にあっては、その割合）を超えないものを除く。）
transfer of all or part of shares or equity interests of the subsidiary company (limited to transfer in cases falling under all of the following):
その子会社の株式又は持分の全部又は一部の譲渡（次のいずれにも該当する場合における譲渡に限る。）
if the book value of shares or equity interests to be transferred by the transfer exceeds one-fifth (if any proportion less than that is provided for in the articles of incorporation, the proportion) of the amount calculated by the method prescribed by Ministry of Justice Order as the total assets of the liquidating stock company; and
当該譲渡により譲り渡す株式又は持分の帳簿価額が当該清算株式会社の総資産額として法務省令で定める方法により算定される額の五分の一（これを下回る割合を定款で定めた場合にあっては、その割合）を超えるとき。
if the liquidating stock company does not have a majority of the total votes of the subsidiary company on the effective day.
The provisions of paragraph (3) of the preceding Article apply mutatis mutandis to the acts committed without the permission under the preceding paragraph.
The provisions of Chapter VII (excluding Article 467, paragraph (1), item (v)) do not apply to the cases of special liquidation.
第七章（第四百六十七条第一項第五号を除く。）の規定は、特別清算の場合には、適用しない。
Read this with the articles around it
subsidiary company
「子会社」
A stock company in which a company holds a majority of the votes, or any other corporation whose management a company controls, as set out by Ministry of Justice Order (法務省令).
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
liquidating stock companies
「清算株式会社」
A stock company that is being wound up, which is treated as still existing for the purposes of the liquidation until the liquidation is completed.
Short name set inArticle 476, paragraph (1)
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.