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Article 140Purchase by Stock Company or Designated Purchaser

第百四十条(株式会社又は指定買取人による買取り)

If a stock company receives a request under Article 138, item (i), (c) or item (ii), (c), if it makes a determination to not give approval under Article 136 or Article 137, paragraph (1), it must purchase the shares with restriction on transfer relating to relevant requests for approval of transfer (hereinafter in this Subsection referred to as "subject shares"). In these cases, the following matters must be prescribed:

株式会社は、第百三十八条第一号ハ又は第二号ハの請求を受けた場合において、第百三十六条又は第百三十七条第一項の承認をしない旨の決定をしたときは、当該譲渡等承認請求に係る譲渡制限株式(以下この款において「対象株式」という。)を買い取らなければならない。この場合においては、次に掲げる事項を定めなければならない。

a statement to the effect that the stock company will purchase the subject shares;

対象株式を買い取る旨

the number of the subject shares that will be purchased by the stock company (or, for a company with class shares, the classes of the subject shares and the number of shares for each class).

株式会社が買い取る対象株式の数(種類株式発行会社にあっては、対象株式の種類及び種類ごとの数)

The determination of the matters set forth in the items of the preceding paragraph must be made by a resolution at a shareholders meeting.

前項各号に掲げる事項の決定は、株主総会の決議によらなければならない。

Requesters for approval of transfer may not exercise voting right at the shareholders meeting referred to in the preceding paragraph; provided, however, that this does not apply if all shareholders other than relevant requesters for approval of transfer may not exercise voting right at the shareholders meeting referred to in that paragraph.

譲渡等承認請求者は、前項の株主総会において議決権を行使することができない。ただし、当該譲渡等承認請求者以外の株主の全部が同項の株主総会において議決権を行使することができない場合は、この限りでない。

Notwithstanding the provisions of paragraph (1), in the cases provided for in that paragraph, a stock company may designate a person to purchase some or all of the subject shares (hereinafter in this subsection referred to as "designated purchaser").

第一項の規定にかかわらず、同項に規定する場合には、株式会社は、対象株式の全部又は一部を買い取る者(以下この款において「指定買取人」という。)を指定することができる。

The designation pursuant to the provisions of the preceding paragraph must be made by a resolution at the shareholders meeting (or at a board of directors meeting for a company with board of directors); provided, however, that this does not apply if it is otherwise provided for in the articles of incorporation.

前項の規定による指定は、株主総会(取締役会設置会社にあっては、取締役会)の決議によらなければならない。ただし、定款に別段の定めがある場合は、この限りでない。

Article 141Notice of Purchases by Stock Company

第百四十一条(株式会社による買取りの通知)

If a stock company has determined the matters set forth in any item of paragraph (1) of the preceding Article, it must notify the requester for approval of transfer of these matters.

株式会社は、前条第一項各号に掲げる事項を決定したときは、譲渡等承認請求者に対し、これらの事項を通知しなければならない。

If a stock company intends to give notice pursuant to the provisions of the preceding paragraph, it must deposit the amount obtained by multiplying the amount of the net assets per share (meaning the amount prescribed by Ministry of Justice Order as the amount of net assets per share; the same applies hereinafter) by the number of the subject shares under paragraph (1), item (ii) of the preceding Article, with a depository located in the area where its head office is located, and deliver a document certifying relevant deposit to the requester for approval of transfer.

株式会社は、前項の規定による通知をしようとするときは、一株当たり純資産額(一株当たりの純資産額として法務省令で定める方法により算定される額をいう。以下同じ。)に前条第一項第二号の対象株式の数を乗じて得た額をその本店の所在地の供託所に供託し、かつ、当該供託を証する書面を譲渡等承認請求者に交付しなければならない。

If the subject shares are the shares of a share certificate-issuing company, the requester for approval of transfer who received delivery of the document referred to in the preceding paragraph must deposit the share certificates representing the subject shares referred to in paragraph (1), item (ii) of the preceding Article with a depository located in the area where the head office of relevant share certificate-issuing company is located within one week from the day of receipt of relevant delivery. In these cases, the requester for approval of transfer must give notice of relevant deposit to relevant share certificate-issuing company without delay.

対象株式が株券発行会社の株式である場合には、前項の書面の交付を受けた譲渡等承認請求者は、当該交付を受けた日から一週間以内に、前条第一項第二号の対象株式に係る株券を当該株券発行会社の本店の所在地の供託所に供託しなければならない。この場合においては、当該譲渡等承認請求者は、当該株券発行会社に対し、遅滞なく、当該供託をした旨を通知しなければならない。

If the requester for approval of a transfer under the preceding paragraph does not effect the deposit pursuant to the provisions of that paragraph within the period under that paragraph, the share certificate-issuing company may cancel the contract for the sale and purchase of the subject shares provided for in paragraph (1), item (ii) of the preceding Article.

前項の譲渡等承認請求者が同項の期間内に同項の規定による供託をしなかったときは、株券発行会社は、前条第一項第二号の対象株式の売買契約を解除することができる。

Article 142Designated Purchaser's Notice to Purchase

第百四十二条(指定買取人による買取りの通知)

If a designated purchaser is designated pursuant to the provisions of Article 140, paragraph (4), the designated purchaser must notify the requester for approval of transfer of the following matters:

指定買取人は、第百四十条第四項の規定による指定を受けたときは、譲渡等承認請求者に対し、次に掲げる事項を通知しなければならない。

a statement to the effect that the designated purchaser has been designated as a designated purchaser; and

指定買取人として指定を受けた旨

the number of the subject shares that the designated purchaser will purchase (or, for a company with class shares, the classes of the subject shares and the number of shares for each class).

指定買取人が買い取る対象株式の数(種類株式発行会社にあっては、対象株式の種類及び種類ごとの数)

If a designated purchaser intends to give notice pursuant to the provisions of the preceding paragraph, the designated purchaser must deposit the amount obtained by multiplying the amount of the net assets per share by the number of the subject shares under item (ii) of that paragraph with a depository located in the area where the head office of the stock company is located, and deliver a document certifying relevant deposit to the requester for approval of transfer.

指定買取人は、前項の規定による通知をしようとするときは、一株当たり純資産額に同項第二号の対象株式の数を乗じて得た額を株式会社の本店の所在地の供託所に供託し、かつ、当該供託を証する書面を譲渡等承認請求者に交付しなければならない。

If the subject shares are the shares of a share certificate-issuing company, the requester for approval of transfers who received delivery of the document referred to in the preceding paragraph must deposit the share certificates representing the subject shares referred to in paragraph (1), item (ii) with a depository located in the area where the head office of relevant share certificate-issuing company is located within one week from the day of receipt of relevant delivery. In these cases, relevant requester for approval of transfer must give notice of relevant deposit to the designated purchaser without delay.

対象株式が株券発行会社の株式である場合には、前項の書面の交付を受けた譲渡等承認請求者は、当該交付を受けた日から一週間以内に、第一項第二号の対象株式に係る株券を当該株券発行会社の本店の所在地の供託所に供託しなければならない。この場合においては、当該譲渡等承認請求者は、指定買取人に対し、遅滞なく、当該供託をした旨を通知しなければならない。

If the requester for approval of a transfer under the preceding paragraph does not effect the deposit pursuant to the provisions of that paragraph within the period under that paragraph, the designated purchaser may cancel the contract for the sale and purchase of the subject shares provided for in paragraph (1), item (ii).

前項の譲渡等承認請求者が同項の期間内に同項の規定による供託をしなかったときは、指定買取人は、第一項第二号の対象株式の売買契約を解除することができる。

Article 143Withdrawal of Requests for Approval of Transfer

第百四十三条(譲渡等承認請求の撤回)

A requester for approval of transfer who made a request under Article 138, item (i), (c) or item (ii), (c) may, after having received notice pursuant to the provisions of Article 141, paragraph (1), withdraw the request only if the requester for approval of transfer obtains the approval of the stock company.

第百三十八条第一号ハ又は第二号ハの請求をした譲渡等承認請求者は、第百四十一条第一項の規定による通知を受けた後は、株式会社の承諾を得た場合に限り、その請求を撤回することができる。

A requester of approval of transfer who made a request under Article 138, item (i), (c) or item (ii), (c) may, after having received notice pursuant to the provisions of paragraph (1) of the preceding Article, withdraw the request only if the requester for approval of transfer obtains the approval of the designated purchaser.

第百三十八条第一号ハ又は第二号ハの請求をした譲渡等承認請求者は、前条第一項の規定による通知を受けた後は、指定買取人の承諾を得た場合に限り、その請求を撤回することができる。

Article 144Determination of Sale Prices

第百四十四条(売買価格の決定)

If notice is given pursuant to the provisions of Article 141, paragraph (1), the sale price of the subject shares under Article 140, paragraph (1), item (ii) is prescribed through discussion between the stock company and the requester for approval of transfer.

第百四十一条第一項の規定による通知があった場合には、第百四十条第一項第二号の対象株式の売買価格は、株式会社と譲渡等承認請求者との協議によって定める。

The stock company or requester for approval of transfers may file a petition for the court to determine the sale price within twenty days from the day when notice is given pursuant to the provisions of Article 141, paragraph (1).

株式会社又は譲渡等承認請求者は、第百四十一条第一項の規定による通知があった日から二十日以内に、裁判所に対し、売買価格の決定の申立てをすることができる。

In order to make the determination under the preceding paragraph, the court must consider the financial conditions of the stock company at the time of the requests for approval of transfer and all other circumstances.

裁判所は、前項の決定をするには、譲渡等承認請求の時における株式会社の資産状態その他一切の事情を考慮しなければならない。

Notwithstanding the provisions of paragraph (1), if a petition under paragraph (2) is made within the period provided for in that paragraph, the amount determined by the court in response to relevant petition is to be the sale price of the subject shares under Article 140, paragraph (1), item (ii).

第一項の規定にかかわらず、第二項の期間内に同項の申立てがあったときは、当該申立てにより裁判所が定めた額をもって第百四十条第一項第二号の対象株式の売買価格とする。

Notwithstanding the provisions of paragraph (1), if no petition under paragraph (2) is made within the period provided for in that paragraph (except if the discussions under paragraph (1) are successfully concluded within the period), the amount obtained by multiplying the amount of the net assets per share by the number of the subject shares under Article 140, paragraph (1), item (ii) is to be the sale price of the subject shares.

第一項の規定にかかわらず、第二項の期間内に同項の申立てがないとき(当該期間内に第一項の協議が調った場合を除く。)は、一株当たり純資産額に第百四十条第一項第二号の対象株式の数を乗じて得た額をもって当該対象株式の売買価格とする。

If a deposit is effected pursuant to the provisions of Article 141, paragraph (2), and the sale price of the subject shares under Article 140, paragraph (1), item (ii) has been finalized, the stock company is deemed to have paid the sale price, in whole or in part, up to an amount equivalent to the value of the money so deposited.

第百四十一条第二項の規定による供託をした場合において、第百四十条第一項第二号の対象株式の売買価格が確定したときは、株式会社は、供託した金銭に相当する額を限度として、売買代金の全部又は一部を支払ったものとみなす。

The provisions of the preceding paragraphs apply mutatis mutandis if notice is given pursuant to the provisions of Article 142, paragraph (1). phrase In these cases, in paragraph (1), the phrase "Article 140, paragraph (1), item (ii)" is deemed to be replaced with "Article 142, paragraph (1), item (ii)" and the term "stock company" is deemed to be replaced with "designated purchaser"; in paragraph (2), the term "stock company" is deemed to be replaced with "designated purchaser"; in paragraph (4) and paragraph (5), the phrase "Article 140, paragraph (1), item (ii)" is deemed to be replaced with "Article 142, paragraph (1), item (ii)"; and in the preceding paragraph, the phrase "Article 141, paragraph (2)" is deemed to be replaced with "Article 142, paragraph (2)", the phrase "Article 140, paragraph (1), item (ii)" is deemed to be replaced with "paragraph (1), item (ii) of that Article", and the term "stock company" is deemed to be replaced with "designated purchaser".

前各項の規定は、第百四十二条第一項の規定による通知があった場合について準用する。この場合において、第一項中「第百四十条第一項第二号」とあるのは「第百四十二条第一項第二号」と、「株式会社」とあるのは「指定買取人」と、第二項中「株式会社」とあるのは「指定買取人」と、第四項及び第五項中「第百四十条第一項第二号」とあるのは「第百四十二条第一項第二号」と、前項中「第百四十一条第二項」とあるのは「第百四十二条第二項」と、「第百四十条第一項第二号」とあるのは「同条第一項第二号」と、「株式会社」とあるのは「指定買取人」と読み替えるものとする。

Article 145Cases Where Stock Company Is Deemed to Have Approved

第百四十五条(株式会社が承認をしたとみなされる場合)

In the cases set forth below, the stock company is deemed to have given the approval under Article 136 or Article 137, paragraph (1); provided, however, that this does not apply if otherwise provided for by the agreement between the stock company and the requester for approval of transfer:

次に掲げる場合には、株式会社は、第百三十六条又は第百三十七条第一項の承認をする旨の決定をしたものとみなす。ただし、株式会社と譲渡等承認請求者との合意により別段の定めをしたときは、この限りでない。

if the stock company has failed to give notice pursuant to the provisions of Article 139, paragraph (2) within two weeks (or if any shorter period of time is provided for in the articles of incorporation, relevant shorter period of time) from the day of the request pursuant to the provisions of Article 136 or Article 137, paragraph (1);

株式会社が第百三十六条又は第百三十七条第一項の規定による請求の日から二週間(これを下回る期間を定款で定めた場合にあっては、その期間)以内に第百三十九条第二項の規定による通知をしなかった場合

if the stock company has failed to give notice pursuant to the provisions of Article 141, paragraph (1) within forty days (or if any shorter period of time is provided for in the articles of incorporation, relevant shorter period of time) from the day of the notice pursuant to the provisions of Article 139, paragraph (2) (except the cases where the designated purchaser gives notice pursuant to the provisions of Article 142, paragraph (1) within ten days (or if any shorter period of time is provided in the articles of incorporation, that shorter period of time) from the day of the notice pursuant to the provisions of Article 139, paragraph (2));

株式会社が第百三十九条第二項の規定による通知の日から四十日(これを下回る期間を定款で定めた場合にあっては、その期間)以内に第百四十一条第一項の規定による通知をしなかった場合(指定買取人が第百三十九条第二項の規定による通知の日から十日(これを下回る期間を定款で定めた場合にあっては、その期間)以内に第百四十二条第一項の規定による通知をした場合を除く。)

beyond the cases set forth in the preceding two items, the cases prescribed by Ministry of Justice Order.

前二号に掲げる場合のほか、法務省令で定める場合

Subsection 3 Pledging of Shares

第三款 株式の質入れ

Article 146Pledging of Shares

第百四十六条(株式の質入れ)

Shareholders may pledge the shares which they hold.

株主は、その有する株式に質権を設定することができる。

Pledging shares in a share certificate-issuing company does not become effective unless the share certificates representing those shares are delivered.

株券発行会社の株式の質入れは、当該株式に係る株券を交付しなければ、その効力を生じない。

Article 147Perfection of Pledging Shares

第百四十七条(株式の質入れの対抗要件)

Pledging shares may not be perfected against the stock company and other third parties unless the names and addresses of the pledgees are stated or recorded in the shareholder register.

株式の質入れは、その質権者の氏名又は名称及び住所を株主名簿に記載し、又は記録しなければ、株式会社その他の第三者に対抗することができない。

Notwithstanding the provisions of the preceding paragraph, a pledgee of shares in a share certificate-issuing company may not assert the pledge against the stock company and other third parties unless the pledgee is in continuous possession of the share certificates representing those shares.

前項の規定にかかわらず、株券発行会社の株式の質権者は、継続して当該株式に係る株券を占有しなければ、その質権をもって株券発行会社その他の第三者に対抗することができない。

The provisions of Article 364 of the Civil Code do not apply to shares.

民法第三百六十四条の規定は、株式については、適用しない。

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