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Article 92

第九十二条

Directors at incorporation who are elected pursuant to the provisions of Article 90, paragraph (1) may be dismissed by a resolution at a general meeting of class shareholders constituted by the class shareholders at incorporation of relevant class of shares issued at incorporation relating to relevant election at any time prior to the formation of the stock company.

第九十条第一項の規定により選任された設立時取締役は、株式会社の成立の時までの間、その選任に係る種類の設立時発行株式の設立時種類株主を構成員とする種類創立総会の決議によって解任することができる。

Notwithstanding the provisions of the preceding paragraph, if there are provisions in articles of incorporation to the effect that a director who is elected pursuant to the provisions of Article 41, paragraph (1), or at an organizational meeting of class shareholders or at a general meeting of class shareholders may be dismissed by a resolution at the shareholders meeting, a director at incorporation who is elected pursuant to the provisions of Article 90, paragraph (1) may be dismissed by a resolution at an organizational meeting at any time prior to the formation of the stock company.

前項の規定にかかわらず、第四十一条第一項の規定により又は種類創立総会若しくは種類株主総会において選任された取締役を株主総会の決議によって解任することができる旨の定款の定めがある場合には、第九十条第一項の規定により選任された設立時取締役は、株式会社の成立の時までの間、創立総会の決議によって解任することができる。

When applying provisions of the preceding paragraph if the stock company to be incorporated is a company with audit and supervisory committee, the term "a director" in the same paragraph is deemed to be replaced with "a director who is an audit and supervisory committee member or other directors", and the term "a director at incorporation" is deemed to be replaced with "a director at incorporation who is an audit and supervisory committee member at incorporation or other directors at incorporation" respectively.

設立しようとする株式会社が監査等委員会設置会社である場合における前項の規定の適用については、同項中「取締役を」とあるのは「監査等委員である取締役又はそれ以外の取締役を」と、「設立時取締役」とあるのは「設立時監査等委員である設立時取締役又はそれ以外の設立時取締役」とする。

The provisions of paragraphs (1) and (2) apply mutatis mutandis to a company auditor at incorporation who is elected pursuant to the provisions of Article 90, paragraph (1) applied mutatis mutandis under paragraph (2) of that Article.

第一項及び第二項の規定は、第九十条第二項において準用する同条第一項の規定により選任された設立時監査役について準用する。

Subsection 5 Investigation by Directors at Incorporation

第五款 設立時取締役等による調査

Article 93Investigation by Directors at Incorporation

第九十三条(設立時取締役等による調査)

The directors at incorporation (referring to the directors at incorporation and company auditors at incorporation if the stock company to be incorporated is a company with company auditor; hereinafter the same applies in this Article) must investigate the following matters without delay after their election:

設立時取締役(設立しようとする株式会社が監査役設置会社である場合にあっては、設立時取締役及び設立時監査役。以下この条において同じ。)は、その選任後遅滞なく、次に掲げる事項を調査しなければならない。

that, with respect to the property contributed in kind in the cases set forth in Article 33, paragraph (10), item (i) or item (ii) (if set forth in that item, limited to the securities under that item), the value specified or recorded in the articles of incorporation is reasonable;

第三十三条第十項第一号又は第二号に掲げる場合における現物出資財産等(同号に掲げる場合にあっては、同号の有価証券に限る。)について定款に記載され、又は記録された価額が相当であること。

that the verification provided for in Article 33, paragraph (10), item (iii) is appropriate;

第三十三条第十項第三号に規定する証明が相当であること。

that the performance of contributions by the incorporators and the payments pursuant to the provisions of Article 63, paragraph (1) have been fulfilled; and

発起人による出資の履行及び第六十三条第一項の規定による払込みが完了していること。

that, beyond the matters set forth in the preceding three items, the procedures for the incorporation of the stock company do not violate laws and regulations or the articles of incorporation.

前三号に掲げる事項のほか、株式会社の設立の手続が法令又は定款に違反していないこと。

The directors at incorporation must report the outcome of the investigations pursuant to the provisions of the preceding paragraph to an organizational meeting.

設立時取締役は、前項の規定による調査の結果を創立総会に報告しなければならない。

If incorporators are asked by the shareholders at incorporation to provide explanations on the matters regarding the investigation pursuant to the provisions of the paragraph (1) at an organizational meeting, the incorporators must provide necessary explanations with respect to relevant matters.

設立時取締役は、創立総会において、設立時株主から第一項の規定による調査に関する事項について説明を求められた場合には、当該事項について必要な説明をしなければならない。

Article 94Special Provisions in Case Directors at Incorporation Are Incorporators

第九十四条(設立時取締役等が発起人である場合の特則)

If some or all of the directors at incorporation (or the directors at incorporation and company auditors at incorporation if the stock company to be incorporated is a company with company auditor) are incorporators, a person to investigate the matters set forth in each item of paragraph (1) of the preceding Article may be elected by a resolution at the organizational meeting.

設立時取締役(設立しようとする株式会社が監査役設置会社である場合にあっては、設立時取締役及び設立時監査役)の全部又は一部が発起人である場合には、創立総会においては、その決議によって、前条第一項各号に掲げる事項を調査する者を選任することができる。

A person who is elected pursuant to the provisions of the preceding paragraph must conduct the necessary investigation and report the outcome of relevant investigation to an organizational meeting.

前項の規定により選任された者は、必要な調査を行い、当該調査の結果を創立総会に報告しなければならない。

Subsection 6 Amendment in Articles of Incorporation

第六款 定款の変更

Article 95No Amendment in Articles of Incorporation by Incorporators

第九十五条(発起人による定款の変更の禁止)

If the solicitation under Article 57, paragraph (1) is carried out, the incorporators may not effect any amendment in the articles of incorporation on and after either the date referred to in Article 58, paragraph (1), item (iii) or the first day of the period referred to in the same item, whichever comes earlier, notwithstanding the provisions of Article 33, paragraph (9) and Article 37, paragraphs (1) and (2).

第五十七条第一項の募集をする場合には、発起人は、第五十八条第一項第三号の期日又は同号の期間の初日のうち最も早い日以後は、第三十三条第九項並びに第三十七条第一項及び第二項の規定にかかわらず、定款の変更をすることができない。

Article 96Amendment in Articles of Incorporation at Organizational Meetings

第九十六条(創立総会における定款の変更)

Notwithstanding the provisions of Article 30, paragraph (2), articles of incorporation may be amended by a resolution at an organizational meeting.

第三十条第二項の規定にかかわらず、創立総会においては、その決議によって、定款の変更をすることができる。

Article 97Rescission of Subscription for Shares Issued at Incorporation

第九十七条(設立時発行株式の引受けの取消し)

If it is resolved at the organizational meeting to effect an amendment in the articles of incorporation to change the matters set forth in each item of Article 28, the shareholders at incorporation who dissented from that amendment at relevant organizational meeting may rescind the manifestation of their intention relating to the subscription for relevant shares issued at incorporation only within two weeks after relevant resolution.

創立総会において、第二十八条各号に掲げる事項を変更する定款の変更の決議をした場合には、当該創立総会においてその変更に反対した設立時株主は、当該決議後二週間以内に限り、その設立時発行株式の引受けに係る意思表示を取り消すことができる。

Article 98Provisions for the Total Number of Authorized Shares by Resolutions at Organizational Meetings

第九十八条(創立総会の決議による発行可能株式総数の定め)

If, if the solicitation under Article 57, paragraph (1) is carried out, the total number of authorized shares is not provided for in the articles of incorporation, the provisions on the total number of authorized shares must be created by amending the articles of incorporation prior to the formation of the stock company by a resolution at an organizational meeting.

第五十七条第一項の募集をする場合において、発行可能株式総数を定款で定めていないときは、株式会社の成立の時までに、創立総会の決議によって、定款を変更して発行可能株式総数の定めを設けなければならない。

If the stock company to be incorporated is a company with classes shares, and the cases set forth in any of the following items apply, the consent of all class shareholders at incorporation of relevant classes of the shares issued at incorporation in each of relevant items must be obtained:

設立しようとする会社が種類株式発行会社である場合において、次の各号に掲げるときは、当該各号の種類の設立時発行株式の設立時種類株主全員の同意を得なければならない。

if it is intended to create, as a feature of a certain class of shares, any provisions in the articles of incorporation with respect to the matters set forth in Article 108, paragraph (1), item (vi), or to effect any amendment in the articles of incorporation with respect to relevant matters (excluding any amendment which repeals the provisions of the articles of incorporation with respect to relevant matters);

ある種類の株式の内容として第百八条第一項第六号に掲げる事項についての定款の定めを設け、又は当該事項についての定款の変更(当該事項についての定款の定めを廃止するものを除く。)をしようとするとき。

if it is intended to create any provisions in the articles of incorporation pursuant to the provisions of Article 322, paragraph (2) with respect to a certain class of shares.

ある種類の株式について第三百二十二条第二項の規定による定款の定めを設けようとするとき。

Article 100

第百条

If the stock company to be incorporated is a company with class shares, if it is intended to create, as a feature of a certain class of shares, any provisions in the articles of incorporation with respect to the matters set forth in Article 108, paragraph (1), item (iv) or item (vii) by amending the articles of incorporation, relevant amendment in the articles of incorporation does not become effective unless a resolution is passed at an organizational meeting of class shareholders constituted by the following class shareholders at incorporation (if there are two or more classes of shares issued at incorporation relating to relevant class shareholders at incorporation, referring to the respective organizational meetings of class shareholders constituted by class shareholders at incorporation categorized by the class of relevant two or more classes of shares issued at incorporation; hereinafter the same applies in this Article); provided, however, that this does not apply to cases where there is no class shareholder at incorporation who may exercise votes at relevant organizational meeting of class shareholders:

設立しようとする株式会社が種類株式発行会社である場合において、定款を変更してある種類の株式の内容として第百八条第一項第四号又は第七号に掲げる事項についての定款の定めを設けるときは、当該定款の変更は、次に掲げる設立時種類株主を構成員とする種類創立総会(当該設立時種類株主に係る設立時発行株式の種類が二以上ある場合にあっては、当該二以上の設立時発行株式の種類別に区分された設立時種類株主を構成員とする各種類創立総会。以下この条において同じ。)の決議がなければ、その効力を生じない。ただし、当該種類創立総会において議決権を行使することができる設立時種類株主が存しない場合は、この限りでない。

the class shareholders at incorporation of shares with put options for which there are provisions that the relevant other shares referred to in Article 108, paragraph (2), item (v), (b) are to be relevant class of share; or

第百八条第二項第五号ロの他の株式を当該種類の株式とする定めがある取得請求権付株式の設立時種類株主

the class shareholders at incorporation of shares subject to call option for which there are provisions that the relevant other shares referred to in Article 108, paragraph (2), item (vi), (b) are to be relevant class of shares.

第百八条第二項第六号ロの他の株式を当該種類の株式とする定めがある取得条項付株式の設立時種類株主

The class shareholders at incorporation who, at the organizational meeting of class shareholders referred to in the preceding paragraph, dissented from relevant amendment in the articles of incorporation may rescind the manifestation of their intention relating to the subscription for relevant shares issued at incorporation only within two weeks after the resolution passed at relevant organizational meeting of class shareholders.

前項に規定する種類創立総会において当該定款の変更に反対した設立時種類株主は、当該種類創立総会の決議後二週間以内に限り、その設立時発行株式の引受けに係る意思表示を取り消すことができる。

Article 101

第百一条

If the stock company to be incorporated is a company with class shares, and effecting any amendment in articles of incorporation with respect to any of the following matters is likely to cause detriment to the class shareholders at incorporation of any class of shares issued at incorporation, relevant amendment in the articles of incorporation does not become effective unless a resolution is passed at an organizational meeting of class shareholders constituted by the class shareholders at incorporation of the shares issued at incorporation of relevant class (if there are two or more classes of shares issued at incorporation relating to relevant class shareholders at incorporation, referring to the respective class organizational meetings of class shareholders constituted by the class shareholders at incorporation categorized by the class of relevant two or more classes of shares issued at incorporation); provided, however, that this does not apply to cases where there is no class shareholder at incorporation who may exercise votes at relevant organizational meeting of class shareholders:

設立しようとする株式会社が種類株式発行会社である場合において、次に掲げる事項についての定款の変更をすることにより、ある種類の設立時発行株式の設立時種類株主に損害を及ぼすおそれがあるときは、当該定款の変更は、当該種類の設立時発行株式の設立時種類株主を構成員とする種類創立総会(当該設立時種類株主に係る設立時発行株式の種類が二以上ある場合にあっては、当該二以上の設立時発行株式の種類別に区分された設立時種類株主を構成員とする各種類創立総会)の決議がなければ、その効力を生じない。ただし、当該種類創立総会において議決権を行使することができる設立時種類株主が存しない場合は、この限りでない。

creation of a new class of shares;

株式の種類の追加

changes in the features of shares;

株式の内容の変更

increase of the total number of authorized shares, or the total number of authorized shares in a class (meaning the total number of shares in one class that the stock company is authorized to issue; the same applies hereinafter).

発行可能株式総数又は発行可能種類株式総数(株式会社が発行することができる一の種類の株式の総数をいう。以下同じ。)の増加

If any amendment in the articles of incorporation with respect to the share unit is to be effected and there are provisions in the articles of incorporation pursuant to the provisions of Article 322, paragraph (2) with respect to relevant amendment in the articles of incorporation, the provisions of the preceding paragraph do not apply to the organizational meeting of class shareholders constituted by the class shareholders at incorporation of relevant class of the shares issued at incorporation.

前項の規定は、単元株式数についての定款の変更であって、当該定款の変更について第三百二十二条第二項の規定による定款の定めがある場合における当該種類の設立時発行株式の設立時種類株主を構成員とする種類創立総会については、適用しない。

Subsection 7 Special Provisions on Incorporation Procedures

第七款 設立手続等の特則等

Article 102Special Provisions on Incorporation Procedures

第百二条(設立手続等の特則)

A subscriber for the shares solicited at incorporation may submit the requests set forth in each item of Article 31, paragraph (2) at any time during the hours designated by the incorporators; provided, however, that the fees designated by the incorporators are required to be paid in order to submit the requests set forth in item (ii) or item (iv) of that paragraph.

設立時募集株式の引受人は、発起人が定めた時間内は、いつでも、第三十一条第二項各号に掲げる請求をすることができる。ただし、同項第二号又は第四号に掲げる請求をするには、発起人の定めた費用を支払わなければならない。

As at formation of a stock company, the subscriber for the shares solicited at incorporation becomes a shareholder of the shares issued at incorporation for which the relevant subscriber has made payment pursuant to the provisions of Article 63, paragraph (1).

設立時募集株式の引受人は、株式会社の成立の時に、第六十三条第一項の規定による払込みを行った設立時発行株式の株主となる。

If a subscriber for the shares solicited at incorporation falsified the payment pursuant to the provisions of Article 63, paragraph (1), the subscriber may exercise the right of shareholders at incorporation and shareholders for shares issued at incorporation for which the payment is falsified, only after the payment pursuant to the provisions of paragraph (1) of the following Article or Article 103, paragraph (2) is made.

設立時募集株式の引受人は、第六十三条第一項の規定による払込みを仮装した場合には、次条第一項又は第百三条第二項の規定による支払がされた後でなければ、払込みを仮装した設立時発行株式について、設立時株主及び株主の権利を行使することができない。

A person who accepts transfer of shares issued at incorporation as referred to in the preceding paragraph or the right to become their shareholder may exercise the right of shareholders at incorporation and shareholders for relevant shares issued at incorporation; provided, however, that this does not apply to cases where the person has acted in bad faith or with gross negligence.

前項の設立時発行株式又はその株主となる権利を譲り受けた者は、当該設立時発行株式についての設立時株主及び株主の権利を行使することができる。ただし、その者に悪意又は重大な過失があるときは、この限りでない。

The provisions of the proviso to Article 93, paragraph (1) and the provisions of Article 94, paragraph (1) of the Civil Code do not apply to the manifestation of intention relating to an offer of subscription for and allotment of the shares solicited at incorporation, and relating to contracts under Article 61.

民法第九十三条第一項ただし書及び第九十四条第一項の規定は、設立時募集株式の引受けの申込み及び割当て並びに第六十一条の契約に係る意思表示については、適用しない。

The subscriber for the shares solicited at incorporation may not rescind the subscription for shares issued at incorporation on the grounds of mistake, fraud or duress after the formation of a stock company, or after exercising the subscriber's votes at an organizational meeting or organizational meeting of class shareholders.

設立時募集株式の引受人は、株式会社の成立後又は創立総会若しくは種類創立総会においてその議決権を行使した後は、錯誤、詐欺又は強迫を理由として設立時発行株式の引受けの取消しをすることができない。

Article 102-2Responsibilities of Subscribers for the Shares Solicited at Incorporation for Which Payment Is Falsified

第百二条の二(払込みを仮装した設立時募集株式の引受人の責任)

In the case prescribed in paragraph (3) of the preceding Article, a subscriber for the shares solicited at incorporation is liable to pay the entire amount of payment for which the payment was falsified, to the stock company.

設立時募集株式の引受人は、前条第三項に規定する場合には、株式会社に対し、払込みを仮装した払込金額の全額の支払をする義務を負う。

The obligation assumed by a subscriber for the shares solicited at incorporation pursuant to the provisions of the preceding paragraph may not be exempted without the consent of all shareholders.

前項の規定により設立時募集株式の引受人の負う義務は、総株主の同意がなければ、免除することができない。

Article 103Liabilities of Incorporators

第百三条(発起人の責任等)

If the solicitation under Article 57, paragraph (1) is carried out, for the purpose of the application of the provisions of Article 52, paragraph (2), the phrase "in the following cases" in that paragraph is deemed to be replaced with "in the cases of item (i)".

第五十七条第一項の募集をした場合における第五十二条第二項の規定の適用については、同項中「次に」とあるのは、「第一号に」とする。

In the case prescribed in Article 102, paragraph (3), a person prescribed by Ministry of Justice Order as an incorporator or director at incorporation involved in falsifying payment is jointly and severally liable with subscribers referred to in paragraph (1) of the preceding Article to make payment prescribed in that paragraph; provided, however, that this does not apply to cases where the person (excluding those persons who falsified the payment) proves that the person did not fail to exercise due care with respect to the performance of the person's duties.

第百二条第三項に規定する場合には、払込みを仮装することに関与した発起人又は設立時取締役として法務省令で定める者は、株式会社に対し、前条第一項の引受人と連帯して、同項に規定する支払をする義務を負う。ただし、その者(当該払込みを仮装したものを除く。)がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。

The obligations assumed by an incorporator or director at incorporation pursuant to the provisions of the preceding paragraph may not be exempted without the consent of all shareholders.

前項の規定により発起人又は設立時取締役の負う義務は、総株主の同意がなければ、免除することができない。

If the solicitation under Article 57, paragraph (1) is carried out, any person (excluding the incorporators) who consents to specifying or recording the person's name and a statement to the effect that the person supports the incorporation of the stock company in a document or an electronic or magnetic record regarding relevant solicitation, including an advertisement for relevant solicitation, is deemed to be an incorporator and the provisions of the preceding Section and the preceding three paragraphs apply.

第五十七条第一項の募集をした場合において、当該募集の広告その他当該募集に関する書面又は電磁的記録に自己の氏名又は名称及び株式会社の設立を賛助する旨を記載し、又は記録することを承諾した者(発起人を除く。)は、発起人とみなして、前節及び前三項の規定を適用する。

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