Article 841Effects of a Judgment of Invalidation of Disposition of Treasury Shares
第八百四十一条(自己株式の処分の無効判決の効力)
When a judgment upholding a claim relating to an action seeking invalidation of a disposition of treasury shares becomes final and binding, the relevant stock company must pay, to shareholders of relevant treasury shares as of the time relevant judgment became final and binding, monies equivalent to the amount of payment received from them or the value of the property delivered by them as of the time of the delivery. In these cases, when relevant stock company is a share certificate-issuing company, the stock company may request relevant shareholders to return the old share certificates representing relevant treasury shares in exchange for the payment of relevant monies.
The provisions of paragraphs (2) through (6) of the preceding Article apply mutatis mutandis to the cases set forth in the preceding paragraph. In these cases, the term "shares" in paragraph (4) of that Article is deemed to be replaced with "treasury shares".
前条第二項から第六項までの規定は、前項の場合について準用する。この場合において、同条第四項中「株式」とあるのは、「自己株式」と読み替えるものとする。
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treasury sharesmachine translation
「自己株式」
Shares of a stock company that the company itself holds.
Defined inArticle 113, paragraph (4)
share certificate-issuing company
「株券発行会社」
A stock company whose articles of incorporation provide that it issues share certificates for its shares (for a company with class shares, for shares of every class).
Defined inArticle 117, paragraph (7)
old share certificatesmachine translation
「旧株券」
Share certificates for shares that have lost effect because a court declared their issue, or a similar corporate action, void; the company may ask holders to hand them back in exchange for what it must pay or return.
Defined inArticle 840, paragraph (1)· applies only in this section