# 商法 / Commercial Code — 第四条 (Supplementary Provisions, Article 4)
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- Law: 商法 (Commercial Code), 明治三十二年法律第四十八号
- English title "Commercial Code": Ministry of Justice translation
- Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say.
- Provision: 第四条 (Supplementary Provisions, Article 4) — address `suppl-4131-149/art-4`
- Text in force since: 2026-06-24
- URL (the page that opens at this provision): https://japanlaw.org/en/commercial-code/suppl-4131-149/art-4
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/132AC0000000048/suppl-4131-149/art-4
- Every provision below carries its address and both URLs on the line under it.
- Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below.
Only the Japanese as published by the government has legal effect; the text
below is a copy of it. Every English rendering below is a translation and
says which kind: the Ministry of Justice's translation, or this
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They are never merged and never substituted for one another.
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### 第四条
suppl-4131-149/art-4 · https://japanlaw.org/en/commercial-code/suppl-4131-149/art-4 · https://japanlaw.org/l/132AC0000000048/suppl-4131-149/art-4
**第一項** 商法等の一部を改正する等の法律（平成十三年法律第七十九号）による改正前の商法第二百十条ノ二第二項第三号（商法等の一部を改正する等の法律附則第三条第二項の規定によりなおその効力を有するものとされる場合を含む。）又は商法等の一部を改正する法律（平成十三年法律第百二十八号）による改正前の商法第二百八十条ノ十九第一項（商法等の一部を改正する法律附則第六条第一項の規定によりなお従前の例によることとされる場合を含む。）の権利を行使した取締役又は当該権利を有する取締役についての新商法第二百六十六条第七項第一号及び第三号、同条第十項及び第十一項（同条第十六項及び第二十三項において準用する場合を含む。）並びに同条第十二項、第十四項、第十九項第一号及び第三号並びに第二十二項第一号の規定の適用については、同条第七項第三号中「権利ノ数ヲ乗ジタル額」とあるのは、「権利ノ数ヲ乗ジタル額、商法等の一部を改正する等の法律（平成十三年法律第七十九号）ニ依ル改正前ノ第二百十条ノ二第二項第三号（同法附則第三条第二項ノ規定ニ依リ仍其ノ効力ヲ有スルモノトセラレタル場合ヲ含ム）ノ権利ヲ就任後ニ行使シタルトキハ行使ノ時ニ於ケル其ノ会社ノ株式ノ時価ヨリ譲渡ノ価額ヲ控除シタル額ニ譲受ケタル株式ノ数ヲ乗ジタル額、商法等の一部を改正する法律（平成十三年法律第百二十八号）ニ依ル改正前ノ第二百八十条ノ十九第一項（同法附則第六条第一項ノ規定ニ依リ仍従前ノ例ニ依ルコトトセラレタル場合ヲ含ム）ノ権利ヲ就任後ニ行使シタルトキハ行使ノ時ニ於ケル其ノ会社ノ株式ノ時価ヨリ発行価額又ハ移転ヲ受ケタル価額ヲ控除シタル額ニ発行ヲ受ケ又ハ之ニ代ヘテ移転ヲ受ケタル株式ノ数ヲ乗ジタル額」とする。
suppl-4131-149/art-4/par-1 · https://japanlaw.org/en/commercial-code/suppl-4131-149/art-4/par-1 · https://japanlaw.org/l/132AC0000000048/suppl-4131-149/art-4/par-1
With regard to the application of Article 266, paragraph (7), items (i) and (iii) of the Amended Commercial Code, paragraphs (10) and (11) of that Article (including cases where applied mutatis mutandis under paragraphs (16) and (23) of that Article), and paragraphs (12) and (14), paragraph (19), items (i) and (iii), and paragraph (22), item (i) of that Article, to a director who has exercised the right under Article 210-2, paragraph (2), item (iii) of the Commercial Code prior to the amendment by the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001) (including cases where that provision remains in force pursuant to Article 3, paragraph (2) of the Supplementary Provisions of that Act) or the right under Article 280-19, paragraph (1) of the Commercial Code prior to the amendment by the Act Partially Amending the Commercial Code, etc. (Act No. 128 of 2001) (including cases where the provisions then in force continue to govern pursuant to Article 6, paragraph (1) of the Supplementary Provisions of that Act), or to a director who holds such a right, the phrase "the amount multiplied by the number of rights" in Article 266, paragraph (7), item (iii) of that Code is deemed to be replaced with "the amount multiplied by the number of rights, the amount obtained, when the right under Article 210-2, paragraph (2), item (iii) prior to the amendment under the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001) (including cases where that provision remains in force pursuant to Article 3, paragraph (2) of the Supplementary Provisions of that Act) has been exercised after assuming office, by multiplying the amount obtained by deducting the transfer price from the market price of the shares of that company at the time of exercise by the number of shares acquired by transfer, and the amount obtained, when the right under Article 280-19, paragraph (1) prior to the amendment under the Act Partially Amending the Commercial Code, etc. (Act No. 128 of 2001) (including cases where the provisions then in force are to continue to govern pursuant to Article 6, paragraph (1) of the Supplementary Provisions of that Act) has been exercised after assuming office, by multiplying the amount obtained by deducting the issue price or the price at which transfer was received from the market price of the shares of that company at the time of exercise by the number of shares issued or transferred in lieu of issue".
machine translation, not official
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## Cites
- suppl-4131-149/art-4/par-1: 同法附則第三条第二項 → 商法 附則第三条第二項 (Supplementary Provisions, Article 3, paragraph (2)), suppl-4131-79/art-3/par-2 — https://japanlaw.org/en/commercial-code/suppl-4131-79/art-3/par-2 · https://japanlaw.org/l/132AC0000000048/suppl-4131-79/art-3/par-2
- suppl-4131-149/art-4/par-1: 同法附則第六条第一項 → 商法 附則第六条第一項 (Supplementary Provisions, Article 6, paragraph (1)), suppl-4131-128/art-6/par-1 — https://japanlaw.org/en/commercial-code/suppl-4131-128/art-6/par-1 · https://japanlaw.org/l/132AC0000000048/suppl-4131-128/art-6/par-1
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## Sources
- e-Gov 法令検索, Digital Agency (デジタル庁) — 商法 — the text in force from 2026-06-24 (https://laws.e-gov.go.jp/law/132AC0000000048/20260624_508AC0000000046), retrieved 2026-11-05
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Commercial Code — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4293/tb), retrieved 2026-11-05
- claude-sonnet-5-5 — Machine translation, batch commercial-code-20261105T141039-011, translated 2026-11-05
- This site's parser, version 224 — 商法 — structure, counts, cross-references and defined terms, computed 2026-11-05