# 会社法 / Companies Act — 第八百十六条の六 (Article 816-6)

- 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: 第八百十六条の六 (Article 816-6)（反対株主の株式買取請求） — address `art-816-6`
- Text in force since: 2026-08-12
- URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-816-6
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-816-6
- 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.

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### 第八百十六条の六（反対株主の株式買取請求） — (Dissenting Shareholders' Appraisal Rights)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-816-6 · https://japanlaw.org/en/companies-act/art-816-6 · https://japanlaw.org/l/417AC0000000086/art-816-6</sup>

    **第一項**  株式交付をする場合には、反対株主は、株式交付親会社に対し、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。ただし、第八百十六条の四第一項本文に規定する場合（同項ただし書又は同条第二項に規定する場合を除く。）は、この限りでない。
    <sup>art-816-6/par-1 · https://japanlaw.org/en/companies-act/art-816-6/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-1</sup>
    In the case of a partial share exchange, dissenting shareholders may demand that the parent company resulting from a partial share exchange purchase, at a fair price, the shares that they hold; provided, however, that this does not apply in the cases prescribed in the main clause of Article 816-4, paragraph (1) (excluding the cases prescribed in the proviso to the same paragraph or the provisions of paragraph (2) of that Article).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **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をいう。
    <sup>art-816-6/par-2 · https://japanlaw.org/en/companies-act/art-816-6/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2</sup>
    The dissenting shareholders provided for in the preceding paragraph means the shareholders provided for in each of the following items in the cases set forth in the same items:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  株式交付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
      <sup>art-816-6/par-2/item-1 · https://japanlaw.org/en/companies-act/art-816-6/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-1</sup>
      if a resolution at a shareholders meeting (including a general meeting of class shareholders) is required to effect the partial share exchange: the following shareholders:
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **イ**  当該株主総会に先立って当該株式交付に反対する旨を当該株式交付親会社に対し通知し、かつ、当該株主総会において当該株式交付に反対した株主（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。）
        <sup>art-816-6/par-2/item-1/sub-1 · https://japanlaw.org/en/companies-act/art-816-6/par-2/item-1/sub-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-1/sub-1</sup>
        shareholders who gave notice to relevant parent company resulting from a partial share exchange to the effect that they dissented from relevant partial share exchange prior to relevant shareholders meeting and who dissented from relevant partial share exchange at relevant shareholders meeting (limited to those who can exercise voting rights at relevant shareholders meetings);
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **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
        <sup>art-816-6/par-2/item-1/sub-2 · https://japanlaw.org/en/companies-act/art-816-6/par-2/item-1/sub-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-1/sub-2</sup>
        shareholders who cannot exercise voting rights at relevant shareholders meetings.
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  前号に掲げる場合以外の場合　全ての株主
      <sup>art-816-6/par-2/item-2 · https://japanlaw.org/en/companies-act/art-816-6/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-2</sup>
      cases other than the one set forth in the preceding item:all shareholders.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第三項**  株式交付親会社は、効力発生日の二十日前までに、その株主に対し、株式交付をする旨並びに株式交付子会社の商号及び住所を通知しなければならない。
    <sup>art-816-6/par-3 · https://japanlaw.org/en/companies-act/art-816-6/par-3 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-3</sup>
    A parent company resulting from a partial share exchange must notify shareholders that it will effect a partial share exchange and the trade name and address of the subsidiary company resulting from a partial share exchange by twenty days before the effective day.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **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。
    <sup>art-816-6/par-4 · https://japanlaw.org/en/companies-act/art-816-6/par-4 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-4</sup>
    A public notice may be substituted for the notice pursuant to the provisions of the preceding paragraph in the following cases:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  株式交付親会社が公開会社である場合
      <sup>art-816-6/par-4/item-1 · https://japanlaw.org/en/companies-act/art-816-6/par-4/item-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-4/item-1</sup>
      if the parent company resulting from a partial share exchange is a public company; or
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  株式交付親会社が第八百十六条の三第一項の株主総会の決議によって株式交付計画の承認を受けた場合
      <sup>art-816-6/par-4/item-2 · https://japanlaw.org/en/companies-act/art-816-6/par-4/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-4/item-2</sup>
      if the parent company resulting from a partial share exchange receives approval for the partial share exchange by resolution at a shareholders meeting under Article 816-3, paragraph (1).
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第五項**  第一項の規定による請求（以下この節において「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。
    <sup>art-816-6/par-5 · https://japanlaw.org/en/companies-act/art-816-6/par-5 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-5</sup>
    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.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **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、株式交付親会社に対し、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。
    <sup>art-816-6/par-6 · https://japanlaw.org/en/companies-act/art-816-6/par-6 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-6</sup>
    When intending to exercise appraisal rights related to the shares for which share certificates have been issued, a shareholder of relevant shares must submit the share certificates representing those shares to the parent company resulting from a partial share exchange; provided, however, that this does not apply to a person who makes a request pursuant to the provisions of Article 223 concerning relevant share certificates.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第七項**  株式買取請求をした株主は、株式交付親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。
    <sup>art-816-6/par-7 · https://japanlaw.org/en/companies-act/art-816-6/par-7 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-7</sup>
    Shareholders exercising appraisal rights may withdraw their demands for appraisal only with the approval of the parent company resulting from a partial share exchange.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第八項**  株式交付を中止したときは、株式買取請求は、その効力を失う。
    <sup>art-816-6/par-8 · https://japanlaw.org/en/companies-act/art-816-6/par-8 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-8</sup>
    The demands of the shareholders exercising appraisal rights lose effect if the partial share exchange is canceled.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **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。
    <sup>art-816-6/par-9 · https://japanlaw.org/en/companies-act/art-816-6/par-9 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-9</sup>
    The provisions of Article 133 do not apply to shares for the exercise of appraisal rights.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-816-6/par-1: 第八百十六条の四第一項 → 会社法 第八百十六条の四第一項 (Article 816-4, paragraph (1)), art-816-4/par-1 — https://japanlaw.org/en/companies-act/art-816-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1
- art-816-6/par-1: 同条第二項 → 会社法 第八百十六条の四第二項 (Article 816-4, paragraph (2)), art-816-4/par-2 — https://japanlaw.org/en/companies-act/art-816-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-2
- art-816-6/par-2: 前項 → 会社法 第八百十六条の六第一項 (Article 816-6, paragraph (1)), art-816-6/par-1 — https://japanlaw.org/en/companies-act/art-816-6/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-1
- art-816-6/par-2/item-2: 前号 → 会社法 第八百十六条の六第二項第一号 (Article 816-6, paragraph (2), item (i)), art-816-6/par-2/item-1 — https://japanlaw.org/en/companies-act/art-816-6/par-2/item-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-1
- art-816-6/par-4: 前項 → 会社法 第八百十六条の六第三項 (Article 816-6, paragraph (3)), art-816-6/par-3 — https://japanlaw.org/en/companies-act/art-816-6/par-3 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-3
- art-816-6/par-4/item-2: 第八百十六条の三第一項 → 会社法 第八百十六条の三第一項 (Article 816-3, paragraph (1)), art-816-3/par-1 — https://japanlaw.org/en/companies-act/art-816-3/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-3/par-1
- art-816-6/par-5: 第一項 → 会社法 第八百十六条の六第一項 (Article 816-6, paragraph (1)), art-816-6/par-1 — https://japanlaw.org/en/companies-act/art-816-6/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-1
- art-816-6/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-816-6/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 第八百十六条の二第二項第二号（株式交付計画に関する書面等の備置き及び閲覧等） — https://japanlaw.org/en/companies-act/art-816-2/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-2/par-2/item-2
- 会社法 第八百十六条の四第二項（株式交付計画の承認を要しない場合等） — https://japanlaw.org/en/companies-act/art-816-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-2
- 会社法 第八百十六条の六第二項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-816-6/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2
- 会社法 第八百十六条の六第二項第二号（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-816-6/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-2/item-2
- 会社法 第八百十六条の六第四項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-816-6/par-4 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-4
- 会社法 第八百十六条の六第五項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-816-6/par-5 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-5
- 会社法 第八百十六条の七第三項（株式の価格の決定等） — https://japanlaw.org/en/companies-act/art-816-7/par-3 · https://japanlaw.org/l/417AC0000000086/art-816-7/par-3

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## 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
