If the current assets of a liquidating membership company are not sufficient to fully discharge its debts, if there are members who have not performed all or part of their contributions, relevant liquidating membership company may have the members make their contributions, notwithstanding the provisions of the articles of incorporation relating to those contributions.
清算持分会社に現存する財産がその債務を完済するのに足りない場合において、その出資の全部又は一部を履行していない社員があるときは、当該出資に係る定款の定めにかかわらず、当該清算持分会社は、当該社員に出資させることができる。
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liquidating membership companies
「清算持分会社」
A membership 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 645, 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.