Article 675Special Provisions on Withdrawal of Members Due to Inheritances and Mergers
第六百七十五条（相続及び合併による退社の特則）
If a member in a liquidating membership company dies or disappears as a result of the merger, the heirs or other general successors of the member may succeed to the equity interest of relevant member even in the absence of the provisions of the articles of incorporation under Article 608, paragraph (1). In these cases, the provisions of paragraphs (4) and (5) of that Article apply mutatis mutandis.
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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.