# 会社法 / Companies Act — 第百六十一条 (Article 161)

This is the Markdown twin of https://japanlaw.org/en/companies-act/art-161. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp.

- 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: 第百六十一条 (Article 161)（市場価格のある株式の取得の特則） — address `art-161`
- Text in force since: 2026-08-12
- URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-161
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-161
- 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.

---

### 第百六十一条（市場価格のある株式の取得の特則） — (Special Provisions on Acquisition of Shares with Market Price)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-161 · https://japanlaw.org/en/companies-act/art-161 · https://japanlaw.org/l/417AC0000000086/art-161</sup>

        **第一項**  前条第二項及び第三項の規定は、取得する株式が市場価格のある株式である場合において、当該株式一株を取得するのと引換えに交付する金銭等の額が当該株式一株の市場価格として法務省令で定める方法により算定されるものを超えないときは、適用しない。
        <sup>art-161/par-1 · https://japanlaw.org/en/companies-act/art-161/par-1 · https://japanlaw.org/l/417AC0000000086/art-161/par-1</sup>
        The provisions of paragraph (2) and paragraph (3) of the preceding Article do not apply if, if the shares to be acquired are shares with a market price, the amount of the monies, etc. to be delivered in exchange for the acquisition of one relevant share does not exceed the amount of the market price of one relevant share calculated by the method prescribed by Ministry of Justice Order.
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-161/par-1: 前条第二項 → 会社法 第百六十条第二項 (Article 160, paragraph (2)), art-160/par-2 — https://japanlaw.org/en/companies-act/art-160/par-2 · https://japanlaw.org/l/417AC0000000086/art-160/par-2
- art-161/par-1: 第三項 → 会社法 第百六十条第三項 (Article 160, paragraph (3)), art-160/par-3 — https://japanlaw.org/en/companies-act/art-160/par-3 · https://japanlaw.org/l/417AC0000000086/art-160/par-3

---

## 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 223 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17