# 会社法 / Companies Act — 第七百八十五条 (Article 785) - 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: 第七百八十五条 (Article 785)（反対株主の株式買取請求） — address `art-785` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-785 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-785 - 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. --- ### 第七百八十五条（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-785 · https://japanlaw.org/en/companies-act/art-785 · https://japanlaw.org/l/417AC0000000086/art-785 **第一項** 吸収合併等をする場合（次に掲げる場合を除く。）には、反対株主は、消滅株式会社等に対し、自己の有す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-785/par-1 · https://japanlaw.org/en/companies-act/art-785/par-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1 In cases of effecting an absorption-type merger, etc. (excluding the following cases), dissenting shareholders may demand that the disappearing stock company, etc. purchase, at a fair price, the shares that they hold: Ministry of Justice translation — Japanese Law Translation Database System **一** 第七百八十三条第二項に規定する場合 art-785/par-1/item-1 · https://japanlaw.org/en/companies-act/art-785/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1/item-1 in cases prescribed in Article 783, paragraph (2); or Ministry of Justice translation — Japanese Law Translation Database System **二** 第七百八十四条第二項に規定する場合 art-785/par-1/item-2 · https://japanlaw.org/en/companies-act/art-785/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-1/item-2 in cases prescribed in Article 784, paragraph (2). 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（第七百八十三条第四項に規定する場合における同項に規定する持分等の割当てを受ける株主を除く。）をいう。 art-785/par-2 · https://japanlaw.org/en/companies-act/art-785/par-2 · https://japanlaw.org/l/417AC0000000086/art-785/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 (excluding shareholders entitled to allotment of equity interests, etc. prescribed in Article 783, paragraph (4) in the cases prescribed in that paragraph): Ministry of Justice translation — Japanese Law Translation Database System **一** 吸収合併等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-785/par-2/item-1 · https://japanlaw.org/en/companies-act/art-785/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-1 if a resolution at a shareholders meeting (including a general meeting of class shareholders) is required to effect the absorption-type merger, etc.: 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吸収合併等に反対する旨を当該消滅株式会社等に対し通知し、かつ、当該株主総会において当該吸収合併等に反対した株主（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-785/par-2/item-1/sub-1 · https://japanlaw.org/en/companies-act/art-785/par-2/item-1/sub-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-1/sub-1 shareholders who gave notice to relevant disappearing stock company, etc. to the effect that they dissented from relevant absorption-type merger, etc. prior to relevant shareholders meeting and who dissented from relevant absorption-type merger, etc. at relevant shareholders meeting (limited to those who can exercise voting rights at relevant shareholders meeting); 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-785/par-2/item-1/sub-2 · https://japanlaw.org/en/companies-act/art-785/par-2/item-1/sub-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-1/sub-2 shareholders who are unable to exercise voting rights at relevant shareholders meeting; and Ministry of Justice translation — Japanese Law Translation Database System **二** 前号に規定する場合以外の場合　全ての株主（第七百八十四条第一項本文に規定する場合における当該特別支配会社を除く。） art-785/par-2/item-2 · https://japanlaw.org/en/companies-act/art-785/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-2 in cases other than those prescribed in the preceding item:all shareholders (excluding the special controlling company in the cases prescribed in the main clause of Article 784, paragraph (1)). Ministry of Justice translation — Japanese Law Translation Database System **第三項** 消滅株式会社等は、効力発生日の二十日前までに、その株主（第七百八十三条第四項に規定する場合における同項に規定する持分等の割当てを受ける株主及び第七百八十四条第一項本文に規定する場合における当該特別支配会社を除く。）に対し、吸収合併等をする旨並びに存続会社等の商号及び住所を通知しなければならない。ただし、第一項各号に掲げる場合は、この限りでない。 art-785/par-3 · https://japanlaw.org/en/companies-act/art-785/par-3 · https://japanlaw.org/l/417AC0000000086/art-785/par-3 A disappearing stock company, etc. must notify its shareholders (excluding shareholders entitled to allotment of equity interests, etc. prescribed in Article 783, paragraph (4) in the cases prescribed in that paragraph and the special controlling company in the cases prescribed in the main clause of Article 784, paragraph (1)) that it will effect an absorption-type merger, etc. and the trade name and address of the surviving company, etc., by twenty days prior to the effective day; provided, however, that this does not apply in the cases set forth in the items of paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第四項** 次に掲げる場合には、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-785/par-4 · https://japanlaw.org/en/companies-act/art-785/par-4 · https://japanlaw.org/l/417AC0000000086/art-785/par-4 In the following cases, a public notice may be substituted for the notice under the provisions of the preceding paragraph: Ministry of Justice translation — Japanese Law Translation Database System **一** 消滅株式会社等が公開会社である場合 art-785/par-4/item-1 · https://japanlaw.org/en/companies-act/art-785/par-4/item-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-4/item-1 if the disappearing stock company, etc. is a public company; or Ministry of Justice translation — Japanese Law Translation Database System **二** 消滅株式会社等が第七百八十三条第一項の株主総会の決議によって吸収合併契約等の承認を受けた場合 art-785/par-4/item-2 · https://japanlaw.org/en/companies-act/art-785/par-4/item-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-4/item-2 if the disappearing stock company, etc. obtains the approval of the absorption-type merger agreement, etc. by the resolution at a shareholders meeting set forth in Article 783, paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項の規定による請求（以下この目において「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-785/par-5 · https://japanlaw.org/en/companies-act/art-785/par-5 · https://japanlaw.org/l/417AC0000000086/art-785/par-5 To make a demand under the provisions of paragraph (1) (hereinafter referred to as the "exercise of appraisal rights" in this division), a dissenting shareholder must indicate the number of shares with regard to which the shareholder is exercising appraisal rights (or, for a company with classes 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、消滅株式会社等に対し、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-785/par-6 · https://japanlaw.org/en/companies-act/art-785/par-6 · https://japanlaw.org/l/417AC0000000086/art-785/par-6 When intending to exercise appraisal rights on shares for which share certificates have been issued, shareholders of those shares must submit the share certificates representing those shares to the disappearing stock company, etc.;provided, however, that this does not apply to a person who makes a demand pursuant to the provisions of Article 223 with respect to those share certificates. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 株式買取請求をした株主は、消滅株式会社等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-785/par-7 · https://japanlaw.org/en/companies-act/art-785/par-7 · https://japanlaw.org/l/417AC0000000086/art-785/par-7 Shareholders exercising appraisal rights may withdraw their demands for appraisal only with the approval of the disappearing stock company, etc. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 吸収合併等を中止したときは、株式買取請求は、その効力を失う。 art-785/par-8 · https://japanlaw.org/en/companies-act/art-785/par-8 · https://japanlaw.org/l/417AC0000000086/art-785/par-8 The demands of the shareholders exercising appraisal rights lose effect if the absorption-type merger, etc. is cancelled. 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-785/par-9 · https://japanlaw.org/en/companies-act/art-785/par-9 · https://japanlaw.org/l/417AC0000000086/art-785/par-9 The provisions of Article 133 do not apply to shares for the exercise of appraisal rights. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-785/par-1/item-1: 第七百八十三条第二項 → 会社法 第七百八十三条第二項 (Article 783, paragraph (2)), art-783/par-2 — https://japanlaw.org/en/companies-act/art-783/par-2 · https://japanlaw.org/l/417AC0000000086/art-783/par-2 - art-785/par-1/item-2: 第七百八十四条第二項 → 会社法 第七百八十四条第二項 (Article 784, paragraph (2)), art-784/par-2 — https://japanlaw.org/en/companies-act/art-784/par-2 · https://japanlaw.org/l/417AC0000000086/art-784/par-2 - art-785/par-2: 前項 → 会社法 第七百八十五条第一項 (Article 785, paragraph (1)), art-785/par-1 — https://japanlaw.org/en/companies-act/art-785/par-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1 - art-785/par-2: 第七百八十三条第四項 → 会社法 第七百八十三条第四項 (Article 783, paragraph (4)), art-783/par-4 — https://japanlaw.org/en/companies-act/art-783/par-4 · https://japanlaw.org/l/417AC0000000086/art-783/par-4 - art-785/par-2/item-2: 前号 → 会社法 第七百八十五条第二項第一号 (Article 785, paragraph (2), item (i)), art-785/par-2/item-1 — https://japanlaw.org/en/companies-act/art-785/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-1 - art-785/par-2/item-2: 第七百八十四条第一項 → 会社法 第七百八十四条第一項 (Article 784, paragraph (1)), art-784/par-1 — https://japanlaw.org/en/companies-act/art-784/par-1 · https://japanlaw.org/l/417AC0000000086/art-784/par-1 - art-785/par-3: 第七百八十三条第四項 → 会社法 第七百八十三条第四項 (Article 783, paragraph (4)), art-783/par-4 — https://japanlaw.org/en/companies-act/art-783/par-4 · https://japanlaw.org/l/417AC0000000086/art-783/par-4 - art-785/par-3: 第七百八十四条第一項 → 会社法 第七百八十四条第一項 (Article 784, paragraph (1)), art-784/par-1 — https://japanlaw.org/en/companies-act/art-784/par-1 · https://japanlaw.org/l/417AC0000000086/art-784/par-1 - art-785/par-3: 第一項 → 会社法 第七百八十五条第一項 (Article 785, paragraph (1)), art-785/par-1 — https://japanlaw.org/en/companies-act/art-785/par-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1 - art-785/par-4: 前項 → 会社法 第七百八十五条第三項 (Article 785, paragraph (3)), art-785/par-3 — https://japanlaw.org/en/companies-act/art-785/par-3 · https://japanlaw.org/l/417AC0000000086/art-785/par-3 - art-785/par-4/item-2: 第七百八十三条第一項 → 会社法 第七百八十三条第一項 (Article 783, paragraph (1)), art-783/par-1 — https://japanlaw.org/en/companies-act/art-783/par-1 · https://japanlaw.org/l/417AC0000000086/art-783/par-1 - art-785/par-5: 第一項 → 会社法 第七百八十五条第一項 (Article 785, paragraph (1)), art-785/par-1 — https://japanlaw.org/en/companies-act/art-785/par-1 · https://japanlaw.org/l/417AC0000000086/art-785/par-1 - art-785/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-785/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 7 provisions cite this one. No official source publishes this direction. - 会社法 第七百八十二条第二項第二号（吸収合併契約等に関する書面等の備置き及び閲覧等） — https://japanlaw.org/en/companies-act/art-782/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-782/par-2/item-2 - 会社法 第七百八十五条第二項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-785/par-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-2 - 会社法 第七百八十五条第二項第二号（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-785/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-785/par-2/item-2 - 会社法 第七百八十五条第三項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-785/par-3 · https://japanlaw.org/l/417AC0000000086/art-785/par-3 - 会社法 第七百八十五条第四項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-785/par-4 · https://japanlaw.org/l/417AC0000000086/art-785/par-4 - 会社法 第七百八十五条第五項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-785/par-5 · https://japanlaw.org/l/417AC0000000086/art-785/par-5 - 会社法 第七百八十六条第三項（株式の価格の決定等） — https://japanlaw.org/en/companies-act/art-786/par-3 · https://japanlaw.org/l/417AC0000000086/art-786/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 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Companies Act — Ministry of Justice translation (part 2 of 2) (https://www.japaneselawtranslation.go.jp/en/laws/view/4482/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