# 会社法 / Companies Act — 第百九十八条 (Article 198) This is the Markdown twin of https://japanlaw.org/en/companies-act/art-198. 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: 第百九十八条 (Article 198)（利害関係人の異議） — address `art-198` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-198 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-198 - 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. --- ### 第百九十八条（利害関係人の異議） — (Objections of Interested Parties) caption: Ministry of Justice translation — Japanese Law Translation Database System art-198 · https://japanlaw.org/en/companies-act/art-198 · https://japanlaw.org/l/417AC0000000086/art-198 **第一項** 前条第一項の規定による競売又は同条第二項の規定による売却をする場合には、株式会社は、同条第一項の株式の株主その他の利害関係人が一定の期間内に異議を述べることができる旨その他法務省令で定める事項を公告し、かつ、当該株式の株主及びその登録株式質権者には、各別にこれを催告しなければならない。ただし、当該期間は、三箇月を下ることができない。 art-198/par-1 · https://japanlaw.org/en/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 If a stock company effects an auction under the provisions of paragraph (1) of the preceding Article, or a sale under the provisions of paragraph (2) of that Article, the stock company must give public notice to the effect that interested parties, including the shareholders of the shares provided for in paragraph (1) of that Article, may state their objections during a certain period of time, and other matters prescribed by Ministry of Justice Order, and must issue separate demands seeking the objections, if any, to each shareholder of relevant shares and each registered pledgee of shares thereof; provided, however, that the period cannot be less than three months. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 第百二十六条第一項及び第百五十条第一項の規定にかかわらず、前項の規定による催告は、株主名簿に記載し、又は記録した当該株主及び登録株式質権者の住所（当該株主又は登録株式質権者が別に通知又は催告を受ける場所又は連絡先を当該株式会社に通知した場合にあっては、その場所又は連絡先を含む。）にあてて発しなければならない。 art-198/par-2 · https://japanlaw.org/en/companies-act/art-198/par-2 · https://japanlaw.org/l/417AC0000000086/art-198/par-2 Notwithstanding the provisions of Article 126, paragraph (1) and Article 150, paragraph (1), the demands under the provisions of the preceding paragraph must be sent to the addresses of relevant shareholders and registered pledgees of shares which have been entered or recorded in the shareholder register (or, if relevant shareholders or registered pledgees of shares notify relevant stock company of a different place or contact address for the receipt of notices or demands, to that place or contact address). Ministry of Justice translation — Japanese Law Translation Database System **第三項** 第百二十六条第三項及び第四項の規定にかかわらず、株式が二以上の者の共有に属するときは、第一項の規定による催告は、共有者に対し、株主名簿に記載し、又は記録した住所（当該共有者が別に通知又は催告を受ける場所又は連絡先を当該株式会社に通知した場合にあっては、その場所又は連絡先を含む。）にあてて発しなければならない。 art-198/par-3 · https://japanlaw.org/en/companies-act/art-198/par-3 · https://japanlaw.org/l/417AC0000000086/art-198/par-3 Notwithstanding the provisions of Article 126, paragraphs (3) and (4), if a share is co-owned by two or more persons, the demand pursuant to the provisions of paragraph (1) must be sent to the address of the co-owners which has been entered or recorded in the shareholder register (or, if relevant co-owners notify relevant stock company of a different place or contact address for the receipt of notices or demands, to that place or contact address). Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第百九十六条第一項（同条第三項において準用する場合を含む。）の規定は、第一項の規定による催告については、適用しない。 art-198/par-4 · https://japanlaw.org/en/companies-act/art-198/par-4 · https://japanlaw.org/l/417AC0000000086/art-198/par-4 The provisions of Article 196, paragraph (1) (including cases where it is applied mutatis mutandis under paragraph (3) of that paragraph) do not apply to demands under the provisions of paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項の規定による公告をした場合（前条第一項の株式に係る株券が発行されている場合に限る。）において、第一項の期間内に利害関係人が異議を述べなかったときは、当該株式に係る株券は、当該期間の末日に無効となる。 art-198/par-5 · https://japanlaw.org/en/companies-act/art-198/par-5 · https://japanlaw.org/l/417AC0000000086/art-198/par-5 If public notice is given under the provisions of paragraph (1) (limited to cases where share certificates representing the shares under paragraph (1) of the preceding Article have been issued), and no interested party raises any objection within the period under paragraph (1), the share certificates representing those shares become invalid on the last day of that period. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-198/par-1: 前条第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/en/companies-act/art-197/par-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1 - art-198/par-1: 同条第二項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/en/companies-act/art-197/par-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-2 - art-198/par-2: 第百二十六条第一項 → 会社法 第百二十六条第一項 (Article 126, paragraph (1)), art-126/par-1 — https://japanlaw.org/en/companies-act/art-126/par-1 · https://japanlaw.org/l/417AC0000000086/art-126/par-1 - art-198/par-2: 第百五十条第一項 → 会社法 第百五十条第一項 (Article 150, paragraph (1)), art-150/par-1 — https://japanlaw.org/en/companies-act/art-150/par-1 · https://japanlaw.org/l/417AC0000000086/art-150/par-1 - art-198/par-2: 前項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/en/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 - art-198/par-3: 第百二十六条第三項 → 会社法 第百二十六条第三項 (Article 126, paragraph (3)), art-126/par-3 — https://japanlaw.org/en/companies-act/art-126/par-3 · https://japanlaw.org/l/417AC0000000086/art-126/par-3 - art-198/par-3: 第四項 → 会社法 第百二十六条第四項 (Article 126, paragraph (4)), art-126/par-4 — https://japanlaw.org/en/companies-act/art-126/par-4 · https://japanlaw.org/l/417AC0000000086/art-126/par-4 - art-198/par-3: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/en/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 - art-198/par-4: 第百九十六条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/en/companies-act/art-196/par-1 · https://japanlaw.org/l/417AC0000000086/art-196/par-1 - art-198/par-4: 同条第三項 → 会社法 第百九十六条第三項 (Article 196, paragraph (3)), art-196/par-3 — https://japanlaw.org/en/companies-act/art-196/par-3 · https://japanlaw.org/l/417AC0000000086/art-196/par-3 - art-198/par-4: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/en/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 - art-198/par-5: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/en/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 - art-198/par-5: 前条第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/en/companies-act/art-197/par-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 会社法 第百九十八条第二項（利害関係人の異議） — https://japanlaw.org/en/companies-act/art-198/par-2 · https://japanlaw.org/l/417AC0000000086/art-198/par-2 - 会社法 第百九十八条第三項（利害関係人の異議） — https://japanlaw.org/en/companies-act/art-198/par-3 · https://japanlaw.org/l/417AC0000000086/art-198/par-3 - 会社法 第百九十八条第四項（利害関係人の異議） — https://japanlaw.org/en/companies-act/art-198/par-4 · https://japanlaw.org/l/417AC0000000086/art-198/par-4 - 会社法 第百九十八条第五項（利害関係人の異議） — https://japanlaw.org/en/companies-act/art-198/par-5 · https://japanlaw.org/l/417AC0000000086/art-198/par-5 --- ## 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