# 会社法 / Companies Act — 第百十六条 (Article 116) - Law: 会社法 (Companies Act), 平成十七年法律第八十六号 - English title "Companies Act": 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: 第百十六条 (Article 116)（反対株主の株式買取請求） — address `art-116` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-116 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-116 - 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 site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百十六条（反対株主の株式買取請求） — (Dissenting Shareholders' Appraisal Rights) caption: Ministry of Justice translation — Japanese Law Translation Database System art-116 · https://japanlaw.org/en/companies-act/art-116 · https://japanlaw.org/l/417AC0000000086/art-116 **第一項** 次の各号に掲げる場合には、反対株主は、株式会社に対し、自己の有する当該各号に定める株式を公正な価格で買い取ることを請求することができる。 art-116/par-1 · https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 In the cases set forth in the following items, dissenting shareholders may demand that the stock company purchase, at a fair price, the shares prescribed in these items that they hold: Ministry of Justice translation — Japanese Law Translation Database System **一** その発行する全部の株式の内容として第百七条第一項第一号に掲げる事項についての定めを設ける定款の変更をする場合　全部の株式 art-116/par-1/item-1 · https://japanlaw.org/en/companies-act/art-116/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-1 if it is intended to effect an amendment to the articles of incorporation to create a provision on matters set forth in Article 107, paragraph (1), item (i) as a feature of all shares issued by a stock company:All shares; Ministry of Justice translation — Japanese Law Translation Database System **二** 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めを設ける定款の変更をする場合　第百十一条第二項各号に規定する株式 art-116/par-1/item-2 · https://japanlaw.org/en/companies-act/art-116/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-2 if it is intended to effect an amendment to the articles of incorporation to create provisions on matters set forth in Article 108, paragraph (1), item (iv) or (vii) as the feature of a certain class of shares:the shares prescribed in each item of Article 111, paragraph (2); Ministry of Justice translation — Japanese Law Translation Database System **三** 次に掲げる行為をする場合において、ある種類の株式（第三百二十二条第二項の規定による定款の定めがあるものに限る。）を有する種類株主に損害を及ぼすおそれがあるとき　当該種類の株式 art-116/par-1/item-3 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3 if any act set forth below is to be performed, and any detriment is likely to be suffered by class shareholders who hold a certain class of shares (limited to those provided for in the articles of incorporation under the provisions of Article 322, paragraph (2)): the shares of the class: Ministry of Justice translation — Japanese Law Translation Database System **イ** 株式の併合又は株式の分割 art-116/par-1/item-3/sub-1 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-1 consolidation of shares or splitting of shares; Ministry of Justice translation — Japanese Law Translation Database System **ロ** 第百八十五条に規定する株式無償割当て art-116/par-1/item-3/sub-2 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-2 allotment of shares without contribution provided for in Article 185; Ministry of Justice translation — Japanese Law Translation Database System **ハ** 単元株式数についての定款の変更 art-116/par-1/item-3/sub-3 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-3 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-3 amendment to the articles of incorporation on the share unit; Ministry of Justice translation — Japanese Law Translation Database System **ニ** 当該株式会社の株式を引き受ける者の募集（第二百二条第一項各号に掲げる事項を定めるものに限る。） art-116/par-1/item-3/sub-4 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-4 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-4 solicitation of persons to subscribe for the shares of relevant stock company (limited to solicitation for which the stock company provides for the matters set forth in each item of Article 202, paragraph (1)); Ministry of Justice translation — Japanese Law Translation Database System **ホ** 当該株式会社の新株予約権を引き受ける者の募集（第二百四十一条第一項各号に掲げる事項を定めるものに限る。） art-116/par-1/item-3/sub-5 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-5 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-5 solicitation of persons to subscribe for the share options of relevant stock company (limited to solicitation for which the stock company provides for the matters set forth in each item of Article 241, paragraph (1)); Ministry of Justice translation — Japanese Law Translation Database System **ヘ** 第二百七十七条に規定する新株予約権無償割当て art-116/par-1/item-3/sub-6 · https://japanlaw.org/en/companies-act/art-116/par-1/item-3/sub-6 · https://japanlaw.org/l/417AC0000000086/art-116/par-1/item-3/sub-6 allotment of share options without contribution provided for in Article 277. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項に規定する「反対株主」とは、次の各号に掲げる場合における当該各号に定める株主をいう。 art-116/par-2 · https://japanlaw.org/en/companies-act/art-116/par-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-2 The "dissenting shareholders" provided for in the preceding paragraph means the shareholders provided for in the following items in the cases set forth in the same items: Ministry of Justice translation — Japanese Law Translation Database System **一** 前項各号の行為をするために株主総会（種類株主総会を含む。）の決議を要する場合　次に掲げる株主 art-116/par-2/item-1 · https://japanlaw.org/en/companies-act/art-116/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-1 if a resolution at a shareholders meeting (including a general meeting of class shareholders) is required to perform an act in any item of the preceding paragraph: the following shareholders: Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該株主総会に先立って当該行為に反対する旨を当該株式会社に対し通知し、かつ、当該株主総会において当該行為に反対した株主（当該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。） art-116/par-2/item-1/sub-1 · https://japanlaw.org/en/companies-act/art-116/par-2/item-1/sub-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-1/sub-1 shareholders who gave notice to relevant stock company to the effect that they dissented from relevant act prior to relevant shareholders meeting and who dissented from relevant act at relevant shareholders meeting (limited to those who can exercise voting right at relevant shareholders meetings); Ministry of Justice translation — Japanese Law Translation Database System **ロ** 当該株主総会において議決権を行使することができない株主 art-116/par-2/item-1/sub-2 · https://japanlaw.org/en/companies-act/art-116/par-2/item-1/sub-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-1/sub-2 shareholders who cannot exercise voting right at relevant shareholders meetings; Ministry of Justice translation — Japanese Law Translation Database System **二** 前号に規定する場合以外の場合　すべての株主 art-116/par-2/item-2 · https://japanlaw.org/en/companies-act/art-116/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-2 in cases other than those prescribed in the preceding item:all shareholders. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 第一項各号の行為をしようとする株式会社は、当該行為が効力を生ずる日（以下この条及び次条において「効力発生日」という。）の二十日前までに、同項各号に定める株式の株主に対し、当該行為をする旨を通知しなければならない。 art-116/par-3 · https://japanlaw.org/en/companies-act/art-116/par-3 · https://japanlaw.org/l/417AC0000000086/art-116/par-3 A stock company that intends to perform an act in any item of paragraph (1) must give notice to the shareholders of the shares provided for in each item of that paragraph to the effect that it intends to perform relevant act, no later than twenty days prior to the day when relevant act becomes effective (hereinafter in this Article and in the following Article referred to as "effective day"). Ministry of Justice translation — Japanese Law Translation Database System **第四項** 前項の規定による通知は、公告をもってこれに代えることができる。 art-116/par-4 · https://japanlaw.org/en/companies-act/art-116/par-4 · https://japanlaw.org/l/417AC0000000086/art-116/par-4 A public notice may be substituted for the notice pursuant to the provisions of the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項の規定による請求（以下この節において「株式買取請求」という。）は、効力発生日の二十日前の日から効力発生日の前日までの間に、その株式買取請求に係る株式の数（種類株式発行会社にあっては、株式の種類及び種類ごとの数）を明らかにしてしなければならない。 art-116/par-5 · https://japanlaw.org/en/companies-act/art-116/par-5 · https://japanlaw.org/l/417AC0000000086/art-116/par-5 To make a demand under the provisions of paragraph (1) (hereinafter in this Section referred to as the "exercise of appraisal rights"), a dissenting shareholder must indicate the number of shares with regard to which the shareholder is exercising appraisal rights (or, for a company with class shares, the classes of the shares and the number of shares for each class), between twenty days prior to the effective day and the day immediately preceding the effective day. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 株券が発行されている株式について株式買取請求をしようとするときは、当該株式の株主は、株式会社に対し、当該株式に係る株券を提出しなければならない。ただし、当該株券について第二百二十三条の規定による請求をした者については、この限りでない。 art-116/par-6 · https://japanlaw.org/en/companies-act/art-116/par-6 · https://japanlaw.org/l/417AC0000000086/art-116/par-6 When intending to exercise appraisal rights of shares for which share certificates have been issued, a shareholder of relevant shares must submit the share certificates representing those shares to the stock company; provided, however, that this does not apply to a person who makes a request pursuant to the provisions of Article 223 concerning relevant shares. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 株式買取請求をした株主は、株式会社の承諾を得た場合に限り、その株式買取請求を撤回することができる。 art-116/par-7 · https://japanlaw.org/en/companies-act/art-116/par-7 · https://japanlaw.org/l/417AC0000000086/art-116/par-7 Shareholders exercising appraisal rights may withdraw their demands for appraisal only with the approval of the stock company. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 株式会社が第一項各号の行為を中止したときは、株式買取請求は、その効力を失う。 art-116/par-8 · https://japanlaw.org/en/companies-act/art-116/par-8 · https://japanlaw.org/l/417AC0000000086/art-116/par-8 The demands of the shareholders exercising appraisal rights lose effect if the stock company cancels the action referred to in the items of paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第九項** 第百三十三条の規定は、株式買取請求に係る株式については、適用しない。 art-116/par-9 · https://japanlaw.org/en/companies-act/art-116/par-9 · https://japanlaw.org/l/417AC0000000086/art-116/par-9 The provisions of Article 133 do not apply to shares that are subject of the exercise of appraisal rights. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-116/par-1/item-1: 第百七条第一項第一号 → 会社法 第百七条第一項第一号 (Article 107, paragraph (1), item (i)), art-107/par-1/item-1 — https://japanlaw.org/en/companies-act/art-107/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-107/par-1/item-1 - art-116/par-1/item-2: 第百八条第一項第四号 → 会社法 第百八条第一項第四号 (Article 108, paragraph (1), item (iv)), art-108/par-1/item-4 — https://japanlaw.org/en/companies-act/art-108/par-1/item-4 · https://japanlaw.org/l/417AC0000000086/art-108/par-1/item-4 - art-116/par-1/item-2: 第七号 → 会社法 第百八条第一項第七号 (Article 108, paragraph (1), item (vii)), art-108/par-1/item-7 — https://japanlaw.org/en/companies-act/art-108/par-1/item-7 · https://japanlaw.org/l/417AC0000000086/art-108/par-1/item-7 - art-116/par-1/item-2: 第百十一条第二項 → 会社法 第百十一条第二項 (Article 111, paragraph (2)), art-111/par-2 — https://japanlaw.org/en/companies-act/art-111/par-2 · https://japanlaw.org/l/417AC0000000086/art-111/par-2 - art-116/par-1/item-3: 第三百二十二条第二項 → 会社法 第三百二十二条第二項 (Article 322, paragraph (2)), art-322/par-2 — https://japanlaw.org/en/companies-act/art-322/par-2 · https://japanlaw.org/l/417AC0000000086/art-322/par-2 - art-116/par-1/item-3/sub-2: 第百八十五条 → 会社法 第百八十五条 (Article 185), art-185 — https://japanlaw.org/en/companies-act/art-185 · https://japanlaw.org/l/417AC0000000086/art-185 - art-116/par-1/item-3/sub-4: 第二百二条第一項 → 会社法 第二百二条第一項 (Article 202, paragraph (1)), art-202/par-1 — https://japanlaw.org/en/companies-act/art-202/par-1 · https://japanlaw.org/l/417AC0000000086/art-202/par-1 - art-116/par-1/item-3/sub-5: 第二百四十一条第一項 → 会社法 第二百四十一条第一項 (Article 241, paragraph (1)), art-241/par-1 — https://japanlaw.org/en/companies-act/art-241/par-1 · https://japanlaw.org/l/417AC0000000086/art-241/par-1 - art-116/par-1/item-3/sub-6: 第二百七十七条 → 会社法 第二百七十七条 (Article 277), art-277 — https://japanlaw.org/en/companies-act/art-277 · https://japanlaw.org/l/417AC0000000086/art-277 - art-116/par-2: 前項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-116/par-2/item-1: 前項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-116/par-2/item-2: 前号 → 会社法 第百十六条第二項第一号 (Article 116, paragraph (2), item (i)), art-116/par-2/item-1 — https://japanlaw.org/en/companies-act/art-116/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-1 - art-116/par-3: 第一項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-116/par-3: この条 → 会社法 第百十六条 (Article 116), art-116 — https://japanlaw.org/en/companies-act/art-116 · https://japanlaw.org/l/417AC0000000086/art-116 - art-116/par-3: 次条 → 会社法 第百十七条 (Article 117), art-117 — https://japanlaw.org/en/companies-act/art-117 · https://japanlaw.org/l/417AC0000000086/art-117 - art-116/par-4: 前項 → 会社法 第百十六条第三項 (Article 116, paragraph (3)), art-116/par-3 — https://japanlaw.org/en/companies-act/art-116/par-3 · https://japanlaw.org/l/417AC0000000086/art-116/par-3 - art-116/par-5: 第一項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-116/par-6: 第二百二十三条 → 会社法 第二百二十三条 (Article 223), art-223 — https://japanlaw.org/en/companies-act/art-223 · https://japanlaw.org/l/417AC0000000086/art-223 - art-116/par-8: 第一項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/en/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-116/par-9: 第百三十三条 → 会社法 第百三十三条 (Article 133), art-133 — https://japanlaw.org/en/companies-act/art-133 · https://japanlaw.org/l/417AC0000000086/art-133 ## Cited by 9 provisions cite this one. No official source publishes this direction. - 会社法 第百十六条第二項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-2 - 会社法 第百十六条第二項第一号（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-1 - 会社法 第百十六条第二項第二号（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-116/par-2/item-2 - 会社法 第百十六条第三項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-3 · https://japanlaw.org/l/417AC0000000086/art-116/par-3 - 会社法 第百十六条第四項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-4 · https://japanlaw.org/l/417AC0000000086/art-116/par-4 - 会社法 第百十六条第五項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-5 · https://japanlaw.org/l/417AC0000000086/art-116/par-5 - 会社法 第百十六条第八項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-116/par-8 · https://japanlaw.org/l/417AC0000000086/art-116/par-8 - 会社法 第百十七条第三項（株式の価格の決定等） — https://japanlaw.org/en/companies-act/art-117/par-3 · https://japanlaw.org/l/417AC0000000086/art-117/par-3 - 会社法 第四百六十四条第一項（買取請求に応じて株式を取得した場合の責任） — https://japanlaw.org/en/companies-act/art-464/par-1 · https://japanlaw.org/l/417AC0000000086/art-464/par-1 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 会社法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/417AC0000000086/20260812_508AC0000000064), retrieved 2026-09-17 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Companies Act — Ministry of Justice translation (part 1 of 2) (https://www.japaneselawtranslation.go.jp/en/laws/view/4481/tb), retrieved 2026-09-17 - This site's parser, version 211 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17