# 会社法 / Companies Act — 第二百六十八条 (Article 268) This is the Markdown twin of https://japanlaw.org/en/companies-act/art-268. 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: 第二百六十八条 (Article 268)（新株予約権の質入れの対抗要件） — address `art-268` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-268 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-268 - 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. --- ### 第二百六十八条（新株予約権の質入れの対抗要件） — (Perfection of Pledging Share Options) caption: Ministry of Justice translation — Japanese Law Translation Database System art-268 · https://japanlaw.org/en/companies-act/art-268 · https://japanlaw.org/l/417AC0000000086/art-268 **第一項** 新株予約権の質入れは、その質権者の氏名又は名称及び住所を新株予約権原簿に記載し、又は記録しなければ、株式会社その他の第三者に対抗することができない。 art-268/par-1 · https://japanlaw.org/en/companies-act/art-268/par-1 · https://japanlaw.org/l/417AC0000000086/art-268/par-1 Pledging share options may not be perfected against the stock company and other third parties unless the names and addresses of pledgees are stated or recorded in the share option register. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の規定にかかわらず、証券発行新株予約権の質権者は、継続して当該証券発行新株予約権に係る新株予約権証券を占有しなければ、その質権をもって株式会社その他の第三者に対抗することができない。 art-268/par-2 · https://japanlaw.org/en/companies-act/art-268/par-2 · https://japanlaw.org/l/417AC0000000086/art-268/par-2 Notwithstanding the provisions of the preceding paragraph, a pledgee of share options for which certificates are issued may not assert the pledge against the stock company and other third parties unless the pledgee is in continuous possession of the share option certificates representing the share options for which certificates are issued. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 第一項の規定にかかわらず、証券発行新株予約権付社債に付された新株予約権の質権者は、継続して当該証券発行新株予約権付社債に係る新株予約権付社債券を占有しなければ、その質権をもって株式会社その他の第三者に対抗することができない。 art-268/par-3 · https://japanlaw.org/en/companies-act/art-268/par-3 · https://japanlaw.org/l/417AC0000000086/art-268/par-3 Notwithstanding the provisions of paragraph (1), a pledgee of share options attached to a bonds with share options for which a certificate is issued may not assert the pledge against the stock company and other third parties unless the pledgee is in continuous possession of the certificate representing the bonds with share options for such a bonds with share options for which a certificate is issued. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-268/par-2: 前項 → 会社法 第二百六十八条第一項 (Article 268, paragraph (1)), art-268/par-1 — https://japanlaw.org/en/companies-act/art-268/par-1 · https://japanlaw.org/l/417AC0000000086/art-268/par-1 - art-268/par-3: 第一項 → 会社法 第二百六十八条第一項 (Article 268, paragraph (1)), art-268/par-1 — https://japanlaw.org/en/companies-act/art-268/par-1 · https://japanlaw.org/l/417AC0000000086/art-268/par-1 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 会社法 第二百六十八条第二項（新株予約権の質入れの対抗要件） — https://japanlaw.org/en/companies-act/art-268/par-2 · https://japanlaw.org/l/417AC0000000086/art-268/par-2 - 会社法 第二百六十八条第三項（新株予約権の質入れの対抗要件） — https://japanlaw.org/en/companies-act/art-268/par-3 · https://japanlaw.org/l/417AC0000000086/art-268/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