# 会社法 / Companies Act — 第百八十二条の四 (Article 182-4) - 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: 第百八十二条の四 (Article 182-4)（反対株主の株式買取請求） — address `art-182-4` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-182-4 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-182-4 - 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 site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百八十二条の四（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-182-4 · https://japanlaw.org/en/companies-act/art-182-4 · https://japanlaw.org/l/417AC0000000086/art-182-4 **第一項** 株式会社が株式の併合をすることにより株式の数に一株に満たない端数が生ずる場合には、反対株主は、当該株式会社に対し、自己の有する株式のうち一株に満たない端数となるものの全部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-182-4/par-1 · https://japanlaw.org/en/companies-act/art-182-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-1 If fractional shares are included in the number of shares when a stock company consolidates shares, dissenting shareholders may demand that the stock company purchase, at a fair price, all of the fractional shares from among shares that they hold. 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、次に掲げる株主をいう。 art-182-4/par-2 · https://japanlaw.org/en/companies-act/art-182-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-2 "dissenting shareholders" prescribed in the preceding paragraph means the following shareholders: Ministry of Justice translation — Japanese Law Translation Database System **一** 第百八十条第二項の株主総会に先立って当該株式の併合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株式の併合に反対した株主（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-182-4/par-2/item-1 · https://japanlaw.org/en/companies-act/art-182-4/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-2/item-1 a shareholder who gives notice to the stock company that the shareholder is against the consolidation of shares prior to the shareholders meeting under Article 180, paragraph (2) and is against the consolidation of shares at the shareholders meeting (limited to persons who can exercise voting rights at the shareholders meeting); and Ministry of Justice translation — Japanese Law Translation Database System **二** 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-182-4/par-2/item-2 · https://japanlaw.org/en/companies-act/art-182-4/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-2/item-2 a shareholder who cannot exercise voting rights at the shareholders meeting. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 株式会社が株式の併合をする場合における株主に対する通知についての第百八十一条第一項の規定の適用については、同項中「二週間」とあるのは、「二十日」とする。 art-182-4/par-3 · https://japanlaw.org/en/companies-act/art-182-4/par-3 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-3 When applying the provisions of Article 181, paragraph (1) to the notice to shareholders if a stock company consolidates shares, the term "two weeks" in the same paragraph is deemed to be replaced with "twenty days". Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第一項の規定による請求（以下この款において「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-182-4/par-4 · https://japanlaw.org/en/companies-act/art-182-4/par-4 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-4 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 **第五項** 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-182-4/par-5 · https://japanlaw.org/en/companies-act/art-182-4/par-5 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-5 When intending to exercise appraisal rights for shares for which share certificates have been issued, shareholders of those shares must submit to the stock company the share certificates representing those shares; provided, however, that this does not apply to a person who made a request under the provisions of Article 223 with respect to the shares. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 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-182-4/par-6 · https://japanlaw.org/en/companies-act/art-182-4/par-6 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-6 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 **第七項** 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-182-4/par-7 · https://japanlaw.org/en/companies-act/art-182-4/par-7 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-7 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-182-4/par-2: 前項 → 会社法 第百八十二条の四第一項 (Article 182-4, paragraph (1)), art-182-4/par-1 — https://japanlaw.org/en/companies-act/art-182-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-1 - art-182-4/par-2/item-1: 第百八十条第二項 → 会社法 第百八十条第二項 (Article 180, paragraph (2)), art-180/par-2 — https://japanlaw.org/en/companies-act/art-180/par-2 · https://japanlaw.org/l/417AC0000000086/art-180/par-2 - art-182-4/par-3: 第百八十一条第一項 → 会社法 第百八十一条第一項 (Article 181, paragraph (1)), art-181/par-1 — https://japanlaw.org/en/companies-act/art-181/par-1 · https://japanlaw.org/l/417AC0000000086/art-181/par-1 - art-182-4/par-4: 第一項 → 会社法 第百八十二条の四第一項 (Article 182-4, paragraph (1)), art-182-4/par-1 — https://japanlaw.org/en/companies-act/art-182-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-1 - art-182-4/par-5: 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-182-4/par-7: 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 6 provisions cite this one. No official source publishes this direction. - 会社法 第百八十二条の二第一項第一号（株式の併合に関する事項に関する書面等の備置き及び閲覧等） — https://japanlaw.org/en/companies-act/art-182-2/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-182-2/par-1/item-1 - 会社法 第百八十二条の二第一項第二号（株式の併合に関する事項に関する書面等の備置き及び閲覧等） — https://japanlaw.org/en/companies-act/art-182-2/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-182-2/par-1/item-2 - 会社法 第百八十二条の四第二項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-182-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-2 - 会社法 第百八十二条の四第四項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-182-4/par-4 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-4 - 会社法 第百八十二条の五第三項（株式の価格の決定等） — https://japanlaw.org/en/companies-act/art-182-5/par-3 · https://japanlaw.org/l/417AC0000000086/art-182-5/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