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Article 791Keeping and Inspection of Documents Concerning Absorption-Type Company Splits or Share Exchanges

第七百九十一条(吸収分割又は株式交換に関する書面等の備置き及び閲覧等)

The stock company splitting in an absorption-type split or the wholly owned subsidiary company resulting from a share exchange must, without delay after the effective day, prepare what are provided for in the following items for the categories set forth respectively in those items, jointly with the company succeeding in the absorption-type split or the wholly owning parent company resulting from the share exchange:

吸収分割株式会社又は株式交換完全子会社は、効力発生日後遅滞なく、吸収分割承継会社又は株式交換完全親会社と共同して、次の各号に掲げる区分に応じ、当該各号に定めるものを作成しなければならない。

stock company splitting in the absorption-type split:documents detailing the rights and obligations that the company succeeding in the absorption-type split succeeded to by transfer from the stock company splitting in the absorption-type split through the absorption-type company split and any other information prescribed by Ministry of Justice Order as concerning an absorption-type company split, or electronic or magnetic records in which the information has been recorded; and

吸収分割株式会社 吸収分割により吸収分割承継会社が承継した吸収分割株式会社の権利義務その他の吸収分割に関する事項として法務省令で定める事項を記載し、又は記録した書面又は電磁的記録

wholly owned subsidiary company resulting from the share exchange:documents detailing the number of shares of the wholly owned subsidiary company resulting from the share exchange acquired by the wholly owning parent company resulting from the share exchange and any other information prescribed by Ministry of Justice Order as concerning a share exchange, or electronic or magnetic records in which the information has been recorded.

株式交換完全子会社 株式交換により株式交換完全親会社が取得した株式交換完全子会社の株式の数その他の株式交換に関する事項として法務省令で定める事項を記載し、又は記録した書面又は電磁的記録

A stock company splitting in an absorption-type split or a wholly owned subsidiary company resulting from a share exchange must, for a period of six months from the effective day, keep the documents or electronic or magnetic records referred to in the items of the preceding paragraph at its head office.

吸収分割株式会社又は株式交換完全子会社は、効力発生日から六箇月間、前項各号の書面又は電磁的記録をその本店に備え置かなければならない。

Shareholders, creditors and any other interested parties of a stock company splitting in an absorption-type split may make the following requests to the stock company splitting in the absorption-type split at any time during its business hours; provided, however, that the fees designated by the stock company splitting in the absorption-type split are required to be paid in order to make the requests set forth in item (ii) or item (iv):

吸収分割株式会社の株主、債権者その他の利害関係人は、吸収分割株式会社に対して、その営業時間内は、いつでも、次に掲げる請求をすることができる。ただし、第二号又は第四号に掲げる請求をするには、当該吸収分割株式会社の定めた費用を支払わなければならない。

requests for inspection of the documents referred to in the preceding paragraph;

前項の書面の閲覧の請求

requests for delivery of a transcript or extract of the documents referred to in the preceding paragraph;

前項の書面の謄本又は抄本の交付の請求

a request to inspect anything that is used in a manner prescribed by Ministry of Justice Order to display the information recorded in an electronic or magnetic record as referred to in the preceding paragraph; and

前項の電磁的記録に記録された事項を法務省令で定める方法により表示したものの閲覧の請求

a request to be provided with the information recorded in an electronic or magnetic record as referred to in the preceding paragraph by an electronic or magnetic means that the stock company splitting in the absorption-type split has designated, or a request to be issued a document showing that information.

前項の電磁的記録に記録された事項を電磁的方法であって吸収分割株式会社の定めたものにより提供することの請求又はその事項を記載した書面の交付の請求

The provisions of the preceding paragraph apply mutatis mutandis to a wholly owned subsidiary company resulting from a share exchange. In these cases, the phrase "shareholders, creditors and any other interested parties of a stock company splitting in the absorption-type split" is deemed to be replaced with "persons who were shareholders or holders of share option in the wholly owned subsidiary company resulting from the share exchange as of the effective day".

前項の規定は、株式交換完全子会社について準用する。この場合において、同項中「吸収分割株式会社の株主、債権者その他の利害関係人」とあるのは、「効力発生日に株式交換完全子会社の株主又は新株予約権者であった者」と読み替えるものとする。

Article 792Special Provisions on Dividends of Surplus

第七百九十二条(剰余金の配当等に関する特則)

The provisions of Article 445, paragraph (4), Article 458 and Part II, Chapter V, Section 6 do not apply to the acts set forth below:

第四百四十五条第四項、第四百五十八条及び第二編第五章第六節の規定は、次に掲げる行為については、適用しない。

acquisition of shares referred to in Article 758, item (viii), (a) or Article 760, item (vii), (a); and

distribution of dividends of surplus referred to in Article 758, item (viii), (b) or Article 760, item (vii), (b).

Division 2 Procedures for a Membership Company

第二目 持分会社の手続

Article 793

第七百九十三条

A membership company conducting any one of the acts below must obtain the consent of all members of the membership company with regard to the absorption-type merger agreement, etc. by the day immediately preceding the effective day; provided, however, that this does not apply if it is otherwise provided for in the articles of incorporation:

次に掲げる行為をする持分会社は、効力発生日の前日までに、吸収合併契約等について当該持分会社の総社員の同意を得なければならない。ただし、定款に別段の定めがある場合は、この限りでない。

absorption-type merger (but only if the membership company disappears in the absorption-type merger); or

吸収合併(吸収合併により当該持分会社が消滅する場合に限る。)

absorption-type company split (limited to cases where another company succeeds to all of the rights and obligations held by relevant membership company (limited to a limited liability company) in connection with its business).

吸収分割(当該持分会社(合同会社に限る。)がその事業に関して有する権利義務の全部を他の会社に承継させる場合に限る。)

The provisions of Article 789 (excluding paragraph (1), item (iii) and paragraph (2), item (iii)) and Article 790 apply mutatis mutandis to a membership company disappearing in an absorption-type merger or a company splitting in an absorption-type split, which is a limited liability company (hereinafter referred to as the "limited liability company splitting in the absorption-type split" in this Section). In these cases, the phrase "creditors of the stock company splitting in the absorption-type split who are unable to request the stock company splitting in the absorption-type split to perform the obligations (including performance of the guarantee obligations that the stock company splitting in the absorption-type split jointly and severally assumes with the company succeeding in the absorption-type split as a guarantor) (or, if there are provisions on the matter set forth in Article 758, item (viii) or Article 760, item (vii), creditors of the stock company splitting in the absorption-type split)" in Article 789, paragraph (1), item (ii) is deemed to be replaced with "creditors of the stock company splitting in the absorption-type split who are unable to request the stock company splitting in the absorption-type split to perform the obligations (including performance of the guarantee obligations that the stock company splitting in the absorption-type split jointly and severally assumes with the company succeeding in the absorption-type split as a guarantor)" and the term "disappearing stock company, etc." in paragraph (3) of that Article is deemed to be replaced with "membership company disappearing in the absorption-type merger (limited to a limited liability company if the company surviving the absorption-type merger is a stock company or a limited liability company) or the limited liability company splitting in the absorption-type split".

第七百八十九条(第一項第三号及び第二項第三号を除く。)及び第七百九十条の規定は、吸収合併消滅持分会社又は合同会社である吸収分割会社(以下この節において「吸収分割合同会社」という。)について準用する。この場合において、第七百八十九条第一項第二号中「債権者(第七百五十八条第八号又は第七百六十条第七号に掲げる事項についての定めがある場合にあっては、吸収分割株式会社の債権者)」とあるのは「債権者」と、同条第三項中「消滅株式会社等」とあるのは「吸収合併消滅持分会社(吸収合併存続会社が株式会社又は合同会社である場合にあっては、合同会社に限る。)又は吸収分割合同会社」と読み替えるものとする。

Subsection 2 Procedures for the Company Surviving an Absorption-Type Merger, the Company Succeeding in an Absorption-Type Split, and the Wholly Owning Parent Company Resulting from a Share Exchange

第二款 吸収合併存続会社、吸収分割承継会社及び株式交換完全親会社の手続

Division 1 Procedures for a Stock Company

第一目 株式会社の手続

Article 794Keeping and Inspection of Documents Concerning an Absorption-Type Merger Agreement

第七百九十四条(吸収合併契約等に関する書面等の備置き及び閲覧等)

A stock company surviving an absorption-type merger, a stock company succeeding in an absorption-type split, or the wholly owning parent stock company resulting from a share exchange (hereinafter referred to as the "surviving stock company, etc." in this division) must, from the day on which the absorption-type merger agreement, etc. began to be kept until the day on which six months have elapsed from the effective day, keep documents detailing the absorption-type merger agreement, etc. and other information prescribed by Ministry of Justice Order, or electronic or magnetic records in which the information has been recorded, at its head office.

吸収合併存続株式会社、吸収分割承継株式会社又は株式交換完全親株式会社(以下この目において「存続株式会社等」という。)は、吸収合併契約等備置開始日から効力発生日後六箇月を経過する日までの間、吸収合併契約等の内容その他法務省令で定める事項を記載し、又は記録した書面又は電磁的記録をその本店に備え置かなければならない。

The "day on which the absorption-type merger agreement, etc. began to be kept" prescribed in the preceding paragraph means the earliest of the following days:

前項に規定する「吸収合併契約等備置開始日」とは、次に掲げる日のいずれか早い日をいう。

if the absorption-type merger agreement, etc. is required to be approved by a resolution at a shareholders meeting (including a general meeting of class shareholders), the day two weeks prior to the day of the shareholders meeting (or, in the cases prescribed in Article 319, paragraph (1), the day when the proposal under that paragraph is submitted);

吸収合併契約等について株主総会(種類株主総会を含む。)の決議によってその承認を受けなければならないときは、当該株主総会の日の二週間前の日(第三百十九条第一項の場合にあっては、同項の提案があった日)

the day of the notice under the provisions of Article 797, paragraph (3) or the day of the public notice under paragraph (4) of that Article, whichever is earlier; or

第七百九十七条第三項の規定による通知の日又は同条第四項の公告の日のいずれか早い日

if the procedures under the provisions of Article 799 are required to be carried out, the day of the public notice under the provisions of paragraph (2) of that Article or the day of the notice under the provisions of that paragraph, whichever is earlier.

第七百九十九条の規定による手続をしなければならないときは、同条第二項の規定による公告の日又は同項の規定による催告の日のいずれか早い日

Shareholders and creditors of a surviving stock company, etc. (or, if the monies, etc. to be delivered to shareholders of the wholly owned subsidiary company resulting from a share exchange are limited to shares of the wholly owning parent stock company resulting from the share exchange or those prescribed by Ministry of Justice Order as being equivalent thereto (excluding the case prescribed in Article 768, paragraph (1), item (iv), (c)), shareholders) may make the following requests to the surviving stock company, etc. at any time during its business hours; provided, however, that the fees designated by the surviving stock company, etc. are required to be paid in order to make the requests set forth in item (ii) or item (iv):

存続株式会社等の株主及び債権者(株式交換完全子会社の株主に対して交付する金銭等が株式交換完全親株式会社の株式その他これに準ずるものとして法務省令で定めるもののみである場合(第七百六十八条第一項第四号ハに規定する場合を除く。)にあっては、株主)は、存続株式会社等に対して、その営業時間内は、いつでも、次に掲げる請求をすることができる。ただし、第二号又は第四号に掲げる請求をするには、当該存続株式会社等の定めた費用を支払わなければならない。

requests for inspection of the documents referred to in paragraph (1);

第一項の書面の閲覧の請求

requests for delivery of a transcript or extract of the documents referred to in paragraph (1);

第一項の書面の謄本又は抄本の交付の請求

a request to inspect anything that is used in a manner prescribed by Ministry of Justice Order to display the information recorded in an electronic or magnetic record as referred to in paragraph (1); and

第一項の電磁的記録に記録された事項を法務省令で定める方法により表示したものの閲覧の請求

a request to be provided with the information recorded in an electronic or magnetic record as referred to in paragraph (1) by an electronic or magnetic means that the surviving stock company, etc. has designated, or a request to be issued a document showing that information.

第一項の電磁的記録に記録された事項を電磁的方法であって存続株式会社等の定めたものにより提供することの請求又はその事項を記載した書面の交付の請求

Article 795Approval of the Absorption-Type Merger Agreement

第七百九十五条(吸収合併契約等の承認等)

A surviving stock company, etc. must obtain the approval of the absorption-type merger agreement, etc. by a resolution at a shareholders meeting by the day immediately preceding the effective day.

存続株式会社等は、効力発生日の前日までに、株主総会の決議によって、吸収合併契約等の承認を受けなければならない。

In the cases set forth below, a director must explain to that effect at the shareholders meeting referred to in the preceding paragraph:

次に掲げる場合には、取締役は、前項の株主総会において、その旨を説明しなければならない。

if the amount prescribed by Ministry of Justice Order as the amount of obligations that the stock company surviving an absorption-type merger or the stock company succeeding in an absorption-type split succeeds to by transfer from the company disappearing in the absorption-type merger or the company splitting in the absorption-type split (referred to as the "amount of succeeded obligations" in the following item) exceeds the amount prescribed by Ministry of Justice Order as the amount of assets that the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split succeeds to by transfer from the company disappearing in the absorption-type merger or the company splitting in the absorption-type split (referred to as the "amount of succeeded assets" in the following item);

吸収合併存続株式会社又は吸収分割承継株式会社が承継する吸収合併消滅会社又は吸収分割会社の債務の額として法務省令で定める額(次号において「承継債務額」という。)が吸収合併存続株式会社又は吸収分割承継株式会社が承継する吸収合併消滅会社又は吸収分割会社の資産の額として法務省令で定める額(同号において「承継資産額」という。)を超える場合

if the book value of the monies, etc. (excluding shares, etc. of the stock company surviving an absorption-type merger or the stock company succeeding in an absorption-type split) delivered by the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split to shareholders of the stock company disappearing in the absorption-type merger, to members of the membership company disappearing in the absorption-type merger or to the company splitting in the absorption-type split exceeds the amount obtained by deducting the amount of succeeded obligations from the amount of succeeded assets; or

吸収合併存続株式会社又は吸収分割承継株式会社が吸収合併消滅株式会社の株主、吸収合併消滅持分会社の社員又は吸収分割会社に対して交付する金銭等(吸収合併存続株式会社又は吸収分割承継株式会社の株式等を除く。)の帳簿価額が承継資産額から承継債務額を控除して得た額を超える場合

if the book value of the monies, etc. (excluding shares, etc. of the wholly owning parent stock company resulting from a share exchange) delivered by the wholly owning parent stock company resulting from a share exchange to shareholders of the wholly owned subsidiary company resulting from the share exchange exceeds the amount prescribed by Ministry of Justice Order as the amount of shares in the wholly owned subsidiary company resulting from the share exchange to be acquired by the wholly owning parent stock company resulting from the share exchange.

株式交換完全親株式会社が株式交換完全子会社の株主に対して交付する金銭等(株式交換完全親株式会社の株式等を除く。)の帳簿価額が株式交換完全親株式会社が取得する株式交換完全子会社の株式の額として法務省令で定める額を超える場合

If the assets of a company disappearing in an absorption-type merger or a company splitting in an absorption-type split include shares of the stock company surviving the absorption-type merger or the stock company succeeding in the absorption-type split, a director must explain the matters concerning relevant shares at the shareholders meeting referred to in paragraph (1).

承継する吸収合併消滅会社又は吸収分割会社の資産に吸収合併存続株式会社又は吸収分割承継株式会社の株式が含まれる場合には、取締役は、第一項の株主総会において、当該株式に関する事項を説明しなければならない。

Where the surviving stock company, etc. is a company with class shares, in the cases set forth in the following items, an absorption-type merger, etc. does not become effective without a resolution at a general meeting of class shareholders constituted by class shareholders of the class of shares provided for respectively in those items (limited to shares with a restriction on transfer and for which the provisions of the articles of incorporation referred to in Article 199, paragraph (4) do not exist) (if there are two or more classes of shares relating to relevant class shareholders, the respective general meetings of class shareholders constituted by class shareholders categorized by the class of relevant two or more classes of shares); provided, however, that this does not apply to cases where there is no class shareholder who is able to exercise a voting right at relevant general meeting of class shareholders:

存続株式会社等が種類株式発行会社である場合において、次の各号に掲げる場合には、吸収合併等は、当該各号に定める種類の株式(譲渡制限株式であって、第百九十九条第四項の定款の定めがないものに限る。)の種類株主を構成員とする種類株主総会(当該種類株主に係る株式の種類が二以上ある場合にあっては、当該二以上の株式の種類別に区分された種類株主を構成員とする各種類株主総会)の決議がなければ、その効力を生じない。ただし、当該種類株主総会において議決権を行使することができる株主が存しない場合は、この限りでない。

吸収分割会社に対して交付する金銭等が吸収分割承継株式会社の株式である場合 第七百五十八条第四号イの種類の株式

Article 796Cases Where Approval of the Absorption-Type Merger Agreement Is Not Required

第七百九十六条(吸収合併契約等の承認を要しない場合等)

The provisions of paragraphs (1) through (3) of the preceding Article do not apply if a company disappearing in an absorption-type merger, the company splitting in an absorption-type split or the wholly owned subsidiary company resulting from a share exchange (hereinafter referred to as the "disappearing company, etc." in this division) is the special controlling company of the surviving stock company, etc.;provided, however, that this does not apply if all or part of the monies, etc. to be delivered to shareholders of the stock company disappearing in the absorption-type merger or the wholly owned subsidiary company resulting from the share exchange, to members of the membership company disappearing in the absorption-type merger or to the company splitting in the absorption-type split are shares with a restriction on transfer, etc. of the surviving stock company, etc., and the surviving stock company, etc. is not a public company.

前条第一項から第三項までの規定は、吸収合併消滅会社、吸収分割会社又は株式交換完全子会社(以下この目において「消滅会社等」という。)が存続株式会社等の特別支配会社である場合には、適用しない。ただし、吸収合併消滅株式会社若しくは株式交換完全子会社の株主、吸収合併消滅持分会社の社員又は吸収分割会社に対して交付する金銭等の全部又は一部が存続株式会社等の譲渡制限株式である場合であって、存続株式会社等が公開会社でないときは、この限りでない。

The provisions of paragraphs (1) through (3) of the preceding Article do not apply if the amount set forth in item (i) does not exceed one-fifth (or, if a lesser proportion is prescribed in the articles of incorporation of the surviving stock company, etc., the proportion) of the amount set forth in item (ii); provided, however, that this does not apply in the cases set forth in the items of paragraph (2) of that Article or the cases prescribed in the proviso to the preceding paragraph:

前条第一項から第三項までの規定は、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一(これを下回る割合を存続株式会社等の定款で定めた場合にあっては、その割合)を超えない場合には、適用しない。ただし、同条第二項各号に掲げる場合又は前項ただし書に規定する場合は、この限りでない。

the total amount of the amounts set forth below:

次に掲げる額の合計額

the amount obtained by multiplying the number of shares of the surviving stock company, etc. to be delivered to shareholders of the stock company disappearing in an absorption-type merger or the wholly owned subsidiary company resulting from a share exchange, to members of the membership company disappearing in the absorption-type merger or to the company splitting in the absorption-type split (hereinafter referred to as "shareholders, etc. of the disappearing company, etc." in this item) by the amount of net assets per share;

吸収合併消滅株式会社若しくは株式交換完全子会社の株主、吸収合併消滅持分会社の社員又は吸収分割会社(以下この号において「消滅会社等の株主等」という。)に対して交付する存続株式会社等の株式の数に一株当たり純資産額を乗じて得た額

消滅会社等の株主等に対して交付する存続株式会社等の社債、新株予約権又は新株予約権付社債の帳簿価額の合計額

the total amount of the book value of property other than shares, etc. of the surviving stock company, etc. to be delivered to shareholders, etc. of the disappearing company, etc.; and

消滅会社等の株主等に対して交付する存続株式会社等の株式等以外の財産の帳簿価額の合計額

the amount calculated by the method specified by Ministry of Justice Order as the total assets of the surviving stock company, etc.

存続株式会社等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

In the cases prescribed in the main clause of the preceding paragraph, if shareholders that hold the shares (limited to those that entitle the shareholders to exercise voting rights at a shareholders meeting under paragraph (1) of the preceding Article) in the number prescribed by Ministry of Justice Order notify the surviving stock company, etc. to the effect that relevant shareholders dissent from the absorption-type merger, etc., within two weeks from the day of the notice under the provisions of Article 797, paragraph (3) or the public notice under paragraph (4) of that Article, the relevant surviving stock company, etc. must obtain the approval of the absorption-type merger agreement, etc. by a resolution at a shareholders meeting no later than the day immediately preceding the effective day.

前項本文に規定する場合において、法務省令で定める数の株式(前条第一項の株主総会において議決権を行使することができるものに限る。)を有する株主が第七百九十七条第三項の規定による通知又は同条第四項の公告の日から二週間以内に吸収合併等に反対する旨を存続株式会社等に対し通知したときは、当該存続株式会社等は、効力発生日の前日までに、株主総会の決議によって、吸収合併契約等の承認を受けなければならない。

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