Article 770Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares
第七百七十条（合同会社に発行済株式を取得させる株式交換契約）
If a stock company effects a share exchange, if the wholly owning parent company resulting from the share exchange is a limited liability company, it must prescribe the following matters in the share exchange agreement:
the trade name and address of the wholly owned subsidiary company resulting from the share exchange and the limited liability company that constitutes the wholly owning parent company resulting from the share exchange (hereinafter referred to as the "wholly owning parent limited liability company resulting from the share exchange" in this Part);
if shareholders of the wholly owned subsidiary company resulting from the share exchange are to become members of the wholly owning parent limited liability company resulting from the share exchange when effecting the share exchange, the names and addresses of the members and the value of contributions by the members;
株式交換完全子会社の株主が株式交換に際して株式交換完全親合同会社の社員となるときは、当該社員の氏名又は名称及び住所並びに出資の価額
if the wholly owning parent limited liability company resulting from the share exchange is to deliver to shareholders of the wholly owned subsidiary company resulting from the share exchange monies, etc. (excluding the equity interests of the wholly owning parent limited liability company resulting from the share exchange) in lieu of the shares thereof when effecting the share exchange, the following matters concerning relevant monies, etc.:
株式交換完全親合同会社が株式交換に際して株式交換完全子会社の株主に対してその株式に代わる金銭等（株式交換完全親合同会社の持分を除く。）を交付するときは、当該金銭等についての次に掲げる事項
if relevant monies, etc. are bonds of the wholly owning parent limited liability company resulting from the share exchange, the description of the classes of relevant bonds and the total amount for each class of bonds, or the method for calculating that total amount; or
当該金銭等が当該株式交換完全親合同会社の社債であるときは、当該社債の種類及び種類ごとの各社債の金額の合計額又はその算定方法
if relevant monies, etc. are property other than bonds of the wholly owning parent limited liability company resulting from the share exchange, the description of the features and number or amount of relevant property, or the method for calculating the number or amount;
当該金銭等が当該株式交換完全親合同会社の社債以外の財産であるときは、当該財産の内容及び数若しくは額又はこれらの算定方法
in the case prescribed in the preceding item, matters concerning the allotment of monies, etc. set forth in that item to shareholders of the wholly owned subsidiary company resulting from the share exchange (excluding the wholly owning parent limited liability company resulting from the share exchange); and
前号に規定する場合には、株式交換完全子会社の株主（株式交換完全親合同会社を除く。）に対する同号の金銭等の割当てに関する事項
the effective day.
In the case prescribed in the preceding paragraph, if the wholly owned subsidiary company resulting from the share exchange is a company with class shares, the wholly owned subsidiary company resulting from the share exchange and the wholly owning parent limited liability company resulting from the share exchange may provide for the following matters in prescribing the matters set forth in item (iv) of that paragraph in accordance with the features of the classes of shares issued by the wholly owned subsidiary company resulting from the share exchange:
前項に規定する場合において、株式交換完全子会社が種類株式発行会社であるときは、株式交換完全子会社及び株式交換完全親合同会社は、株式交換完全子会社の発行する種類の株式の内容に応じ、同項第四号に掲げる事項として次に掲げる事項を定めることができる。
if there is any arrangement that no monies, etc. are allotted to shareholders of a certain class of shares, a statement to that effect and relevant class of shares; and
ある種類の株式の株主に対して金銭等の割当てをしないこととするときは、その旨及び当該株式の種類
beyond the matters set forth in the preceding item, if there is any arrangement that each class of shares is to be treated differently with respect to allotment of monies, etc., a statement to that effect and the details of relevant different treatment.
In the case prescribed in paragraph (1), the provisions on the matters set forth in item (iv) of that paragraph must be provisions in which the monies, etc. are delivered in proportion to the number of the shares (or, if there are provisions on the matters set forth in item (ii) of the preceding paragraph, the number of the shares of each class) held by shareholders of the wholly owned subsidiary company resulting from the share exchange (excluding the wholly owning parent limited liability company resulting from the share exchange and shareholders of the class of shares referred to in item (i) of the preceding paragraph).
Read this with the articles around it
(Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares)
If a stock company effects a share exchange, if the wholly owning parent company resulting from the share exchange is a limited liability company, it must prescribe the following matters in the share…
株式会社が株式交換をする場合において、株式交換完全親会社が合同会社であるときは、株式交換契約において、次に掲げる事項を定めなければならない。
Open this provision(Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares)
if the wholly owning parent limited liability company resulting from the share exchange is to deliver to shareholders of the wholly owned subsidiary company resulting from the share exchange monies…
株式交換完全親合同会社が株式交換に際して株式交換完全子会社の株主に対してその株式に代わる金銭等（株式交換完全親合同会社の持分を除く。）を交付するときは、当該金銭等についての次に掲げる事項
Open this provision(Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares)
in the case prescribed in the preceding item, matters concerning the allotment of monies, etc. set forth in that item to shareholders of the wholly owned subsidiary company resulting from the share…
前号に規定する場合には、株式交換完全子会社の株主（株式交換完全親合同会社を除く。）に対する同号の金銭等の割当てに関する事項
Open this provision(Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares)
if there is any arrangement that no monies, etc. are allotted to shareholders of a certain class of shares, a statement to that effect and relevant class of shares; and
ある種類の株式の株主に対して金銭等の割当てをしないこととするときは、その旨及び当該株式の種類
Open this provision(Share Exchange Which Causes a Limited Liability Company to Acquire the Issued Shares)
beyond the matters set forth in the preceding item, if there is any arrangement that each class of shares is to be treated differently with respect to allotment of monies, etc.…
前号に掲げる事項のほか、金銭等の割当てについて株式の種類ごとに異なる取扱いを行うこととするときは、その旨及び当該異なる取扱いの内容
Open this provisioncompany with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
share exchange
「株式交換」
A stock company's having all of its issued shares acquired by another existing stock company or limited liability company, which becomes its sole owner.
Defined inArticle 2, paragraph (1), item (xxxi)· applies throughout the law
monies, etc.machine translation
「金銭等」
Money and any other property.
Defined inArticle 151, paragraph (1)
class of bondsmachine translation
「社債の種類」
In Part 5 (entity conversions, mergers, company splits, share exchanges, share transfers and partial share exchanges), the class of a bond as Article 107, paragraph (2), item (ii), (b) uses the word: the features that identify a kind of bond listed in Article 681, item (i), namely the matters in Article 676, items (iii) to (viii)-2, such as its interest rate and how and when it is repaid, and others set by Ministry of Justice Order (法務省令).
Defined inArticle 744, paragraph (1), item (v), (a)· applies only in this part
wholly owning parent company resulting from the share exchangemachine translation
「株式交換完全親会社」
The stock company or limited liability company that acquires all the issued shares of another stock company in a share exchange.
Short name set inArticle 767, paragraph (1)· applies only in this part
wholly owned subsidiary company resulting from the share exchangemachine translation
「株式交換完全子会社」
The stock company all of whose issued shares are acquired by another company in a share exchange.
Short name set inArticle 768, paragraph (1), item (i)· applies only in this part
effective day
「効力発生日」
The day on which the corporate action in question takes effect, such as a share consolidation, business transfer, entity conversion, merger, company split, share exchange or partial share exchange.
Short name set inArticle 768, paragraph (1), item (vi)· applies only in this section
wholly owning parent limited liability company resulting from the share exchangemachine translation
「株式交換完全親合同会社」
A limited liability company that acquires all the issued shares of a stock company in a share exchange.
Short name set inArticle 770, paragraph (1), item (i)· applies only in this part