# 会社法 / Companies Act — 第八百九条 (Article 809) - 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: 第八百九条 (Article 809)（新株予約権の価格の決定等） — address `art-809` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-809 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-809 - 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. --- ### 第八百九条（新株予約権の価格の決定等） — (Determination of the Price of Share Options) caption: Ministry of Justice translation — Japanese Law Translation Database System art-809 · https://japanlaw.org/en/companies-act/art-809 · https://japanlaw.org/l/417AC0000000086/art-809 **第一項** 新株予約権買取請求があった場合において、新株予約権（当該新株予約権が新株予約権付社債に付されたものである場合において、当該新株予約権付社債についての社債の買取りの請求があったときは、当該社債を含む。以下この条において同じ。）の価格の決定について、新株予約権者と消滅株式会社等（新設合併をする場合における新設合併設立会社の成立の日後にあっては、新設合併設立会社。以下この条において同じ。）との間に協議が調ったときは、消滅株式会社等は、設立会社の成立の日から六十日以内にその支払をしなければならない。 art-809/par-1 · https://japanlaw.org/en/companies-act/art-809/par-1 · https://japanlaw.org/l/417AC0000000086/art-809/par-1 If a share option holder exercises appraisal rights on the share options, if an agreement on the determination of the price of the share options (if the share options are attached to bonds with share options, and there a holder thereof demands that the disappearing stock company, etc. purchase the bonds constituting those bonds with share options, including relevant bonds; hereinafter the same applies in this Article) is reached between the share option holder and the disappearing stock company, etc. (after the day of formation of the company incorporated in the consolidation-type merger in cases of effecting a consolidation-type merger, the company incorporated in the consolidation-type merger; hereinafter the same applies in this Article), the disappearing stock company, etc. must make payment within sixty days from the day of formation of the incorporated company. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 新株予約権の価格の決定について、設立会社の成立の日から三十日以内に協議が調わないときは、新株予約権者又は消滅株式会社等は、その期間の満了の日後三十日以内に、裁判所に対し、価格の決定の申立てをすることができる。 art-809/par-2 · https://japanlaw.org/en/companies-act/art-809/par-2 · https://japanlaw.org/l/417AC0000000086/art-809/par-2 If no agreement on the determination of the price of the share options is reached within thirty days from the day of formation of the incorporated company, share option holders or the disappearing stock company, etc. may file a petition for the court to determine the price within thirty days after the expiration of that period. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前条第八項の規定にかかわらず、前項に規定する場合において、設立会社の成立の日から六十日以内に同項の申立てがないときは、その期間の満了後は、新株予約権者は、いつでも、新株予約権買取請求を撤回することができる。 art-809/par-3 · https://japanlaw.org/en/companies-act/art-809/par-3 · https://japanlaw.org/l/417AC0000000086/art-809/par-3 Notwithstanding the provisions of paragraph (8) of the preceding Article, in the cases prescribed in the preceding paragraph, if the petition under that paragraph is not filed within sixty days from the day of formation of the incorporated company, share option holders exercising appraisal rights on the share options may withdraw their demands for appraisal of the share options at any time after the expiration of the period. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 消滅株式会社等は、裁判所の決定した価格に対する第一項の期間の満了の日後の法定利率による利息をも支払わなければならない。 art-809/par-4 · https://japanlaw.org/en/companies-act/art-809/par-4 · https://japanlaw.org/l/417AC0000000086/art-809/par-4 The disappearing stock company, etc. must also pay interest on the price determined by the court at the statutory rate from and including the day of the expiration of the period referred to in paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 消滅株式会社等は、新株予約権の価格の決定があるまでは、新株予約権者に対し、当該消滅株式会社等が公正な価格と認める額を支払うことができる。 art-809/par-5 · https://japanlaw.org/en/companies-act/art-809/par-5 · https://japanlaw.org/l/417AC0000000086/art-809/par-5 A disappearing stock company, etc. may pay the amount that the disappearing stock company, etc. considers to be a fair price to share option holders by the determination of price of share options. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 新株予約権買取請求に係る新株予約権の買取りは、設立会社の成立の日に、その効力を生ずる。 art-809/par-6 · https://japanlaw.org/en/companies-act/art-809/par-6 · https://japanlaw.org/l/417AC0000000086/art-809/par-6 The purchase of share options relating to the exercise of appraisal rights on share option becomes effective on the day of formation of the incorporated company. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 消滅株式会社等は、新株予約権証券が発行されている新株予約権について新株予約権買取請求があったときは、新株予約権証券と引換えに、その新株予約権買取請求に係る新株予約権の代金を支払わなければならない。 art-809/par-7 · https://japanlaw.org/en/companies-act/art-809/par-7 · https://japanlaw.org/l/417AC0000000086/art-809/par-7 If a share option holder exercises appraisal rights on share options with respect to share options for which share option certificates are issued, the disappearing stock company, etc. must pay the price of the share options relating to the exercise of appraisal rights on the share options in exchange for the share option certificates. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 消滅株式会社等は、新株予約権付社債券が発行されている新株予約権付社債に付された新株予約権について新株予約権買取請求があったときは、新株予約権付社債券と引換えに、その新株予約権買取請求に係る新株予約権の代金を支払わなければならない。 art-809/par-8 · https://japanlaw.org/en/companies-act/art-809/par-8 · https://japanlaw.org/l/417AC0000000086/art-809/par-8 If a share option holder exercises appraisal rights on share options with respect to share options attached to a bond with share options for which a certificate for a bond with share options is issued, the disappearing stock company, etc. must pay the price of the share options relating to the exercise of appraisal rights on the share options in exchange for the certificate for the bond with share options. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-809/par-1: この条 → 会社法 第八百九条 (Article 809), art-809 — https://japanlaw.org/en/companies-act/art-809 · https://japanlaw.org/l/417AC0000000086/art-809 - art-809/par-3: 前条第八項 → 会社法 第八百八条第八項 (Article 808, paragraph (8)), art-808/par-8 — https://japanlaw.org/en/companies-act/art-808/par-8 · https://japanlaw.org/l/417AC0000000086/art-808/par-8 - art-809/par-3: 前項 → 会社法 第八百九条第二項 (Article 809, paragraph (2)), art-809/par-2 — https://japanlaw.org/en/companies-act/art-809/par-2 · https://japanlaw.org/l/417AC0000000086/art-809/par-2 - art-809/par-4: 第一項 → 会社法 第八百九条第一項 (Article 809, paragraph (1)), art-809/par-1 — https://japanlaw.org/en/companies-act/art-809/par-1 · https://japanlaw.org/l/417AC0000000086/art-809/par-1 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 会社法 第八百九条第一項（新株予約権の価格の決定等） — https://japanlaw.org/en/companies-act/art-809/par-1 · https://japanlaw.org/l/417AC0000000086/art-809/par-1 - 会社法 第八百九条第三項（新株予約権の価格の決定等） — https://japanlaw.org/en/companies-act/art-809/par-3 · https://japanlaw.org/l/417AC0000000086/art-809/par-3 - 会社法 第八百九条第四項（新株予約権の価格の決定等） — https://japanlaw.org/en/companies-act/art-809/par-4 · https://japanlaw.org/l/417AC0000000086/art-809/par-4 - 会社法 第八百七十条第二項第二号（陳述の聴取） — https://japanlaw.org/en/companies-act/art-870/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-870/par-2/item-2 --- ## 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