If an order is issued for commencement of special liquidation, a liquidating stock company must perform obligations to agreement claim creditors in proportion to the amount of their claims.
Notwithstanding the provisions of the preceding paragraph, a liquidating stock company may, with the permission of the court, perform its obligations relating to minor claims, claims secured by security interests, or other claims that are unlikely to be detrimental to other creditors even if performed in excess of the proportion of the amount of the claims.
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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)
agreement claims
「協定債権」
The claims of a liquidating stock company's creditors that are dealt with in special liquidation, which is all of them except claims with general priority and claims arising from the special liquidation proceedings themselves.
Short name set inArticle 515, paragraph (3)· applies only in this section
agreement claim creditors
「協定債権者」
A creditor who holds an agreement claim in the special liquidation of a stock company.
Short name set inArticle 517, paragraph (1)· applies only in this section