# 金融商品取引法 / Financial Instruments and Exchange Act — 第百三十九条の十一 (Article 139-11) - Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号 - English title "Financial Instruments and Exchange 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: 第百三十九条の十一 (Article 139-11)（株式買取請求） — address `art-139-11` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-139-11 - 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. --- ### 第百三十九条の十一（株式買取請求） — (Share Purchase Demand) caption: Ministry of Justice translation — Japanese Law Translation Database System art-139-11 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11 · https://japanlaw.org/l/323AC0000000025/art-139-11 **第一項** 吸収合併をする場合には、次の各号に掲げる場合における当該各号に定める株主は、吸収合併存続株式会社金融商品取引所に対し、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、第百三十九条の九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。 art-139-11/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1 In implementing an absorption-type merger, in the case set forth in any of the following items, the shareholder set forth in that item may demand the incorporated financial instruments exchange surviving the absorption-type merger to purchase its shares at a fair price; provided, however, that this does not apply to the case prescribed in the main clause of Article 139-9, paragraph (1) (excluding the case prescribed in the proviso to that paragraph, or paragraph (2) of that Article): Ministry of Justice translation — Japanese Law Translation Database System **一** 吸収合併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-139-11/par-1/item-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-1 if a resolution at a shareholders meeting (including a class shareholders meeting) is required in order for the absorption-type merger to be implemented: the following shareholders: Ministry of Justice translation — Japanese Law Translation Database System **イ** 当該株主総会に先立つて当該吸収合併に反対する旨を当該吸収合併存続株式会社金融商品取引所に対し通知し、かつ、当該株主総会において当該吸収合併に反対した株主（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-139-11/par-1/item-1/sub-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-1/sub-1 a shareholder that notifies the incorporated financial instruments exchange surviving the absorption-type merger that it is against the absorption-type merger prior to the shareholders meeting, and opposes the absorption-type merger at the shareholders meeting (limited to a shareholder that is entitled to exercise voting rights at that shareholders meeting); or 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-139-11/par-1/item-1/sub-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-1/sub-2 a shareholder that is not entitled to exercise the voting rights at the shareholders meeting; 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 art-139-11/par-1/item-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-2 cases other than that prescribed in the preceding item:all shareholders. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 会社法第七百九十七条第五項から第九項まで、第七百九十八条、第八百六十八条第一項、第八百七十条第二項（第二号に係る部分に限る。）、第八百七十条の二、第八百七十一条本文、第八百七十二条（第五号に係る部分に限る。）、第八百七十二条の二、第八百七十三条本文、第八百七十五条及び第八百七十六条の規定は、前項の規定による請求について準用する。この場合において、必要な技術的読替えは、政令で定める。 art-139-11/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-2 The provisions of Article 797, paragraphs (5) through (9); Article 798; Article 868, paragraph (1); Article 870, paragraph (2) (limited to the part that involves item (ii)); Article 870-2; the main clause of Article 871; Article 872 (limited to the part that involves item (v)); Article 872-2; the main clause of Article 873; Article 875; and Article 876 of the Companies Act apply mutatis mutandis to a demand under the preceding paragraph. In such a case, the necessary technical replacement of terms is specified by Cabinet Order. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-139-11/par-1: 第百三十九条の九第一項 → 金融商品取引法 第百三十九条の九第一項 (Article 139-9, paragraph (1)), art-139-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1 - art-139-11/par-1: 同条第二項 → 金融商品取引法 第百三十九条の九第二項 (Article 139-9, paragraph (2)), art-139-9/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-2 - art-139-11/par-1/item-2: 前号 → 金融商品取引法 第百三十九条の十一第一項第一号 (Article 139-11, paragraph (1), item (i)), art-139-11/par-1/item-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-1 - art-139-11/par-2: 会社法第七百九十七条第五項から第九項まで → 会社法 第七百九十七条第五項 (Article 797, paragraph (5)), art-797/par-5 — https://japanlaw.org/en/companies-act/art-797/par-5 · https://japanlaw.org/l/417AC0000000086/art-797/par-5 - art-139-11/par-2: 会社法第七百九十七条第五項から第九項まで → 会社法 第七百九十七条第六項 (Article 797, paragraph (6)), art-797/par-6 — https://japanlaw.org/en/companies-act/art-797/par-6 · https://japanlaw.org/l/417AC0000000086/art-797/par-6 - art-139-11/par-2: 会社法第七百九十七条第五項から第九項まで → 会社法 第七百九十七条第七項 (Article 797, paragraph (7)), art-797/par-7 — https://japanlaw.org/en/companies-act/art-797/par-7 · https://japanlaw.org/l/417AC0000000086/art-797/par-7 - art-139-11/par-2: 会社法第七百九十七条第五項から第九項まで → 会社法 第七百九十七条第八項 (Article 797, paragraph (8)), art-797/par-8 — https://japanlaw.org/en/companies-act/art-797/par-8 · https://japanlaw.org/l/417AC0000000086/art-797/par-8 - art-139-11/par-2: 会社法第七百九十七条第五項から第九項まで → 会社法 第七百九十七条第九項 (Article 797, paragraph (9)), art-797/par-9 — https://japanlaw.org/en/companies-act/art-797/par-9 · https://japanlaw.org/l/417AC0000000086/art-797/par-9 - art-139-11/par-2: 第七百九十八条 → 会社法 第七百九十八条 (Article 798), art-798 — https://japanlaw.org/en/companies-act/art-798 · https://japanlaw.org/l/417AC0000000086/art-798 - art-139-11/par-2: 第八百六十八条第一項 → 会社法 第八百六十八条第一項 (Article 868, paragraph (1)), art-868/par-1 — https://japanlaw.org/en/companies-act/art-868/par-1 · https://japanlaw.org/l/417AC0000000086/art-868/par-1 - art-139-11/par-2: 第八百七十条第二項 → 会社法 第八百七十条第二項 (Article 870, paragraph (2)), art-870/par-2 — https://japanlaw.org/en/companies-act/art-870/par-2 · https://japanlaw.org/l/417AC0000000086/art-870/par-2 - art-139-11/par-2: 第二号 → 会社法 第八百七十条第二項第二号 (Article 870, paragraph (2), item (ii)), art-870/par-2/item-2 — https://japanlaw.org/en/companies-act/art-870/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-870/par-2/item-2 - art-139-11/par-2: 第八百七十条の二 → 会社法 第八百七十条の二 (Article 870-2), art-870-2 — https://japanlaw.org/en/companies-act/art-870-2 · https://japanlaw.org/l/417AC0000000086/art-870-2 - art-139-11/par-2: 第八百七十一条 → 会社法 第八百七十一条 (Article 871), art-871 — https://japanlaw.org/en/companies-act/art-871 · https://japanlaw.org/l/417AC0000000086/art-871 - art-139-11/par-2: 第八百七十二条 → 会社法 第八百七十二条 (Article 872), art-872 — https://japanlaw.org/en/companies-act/art-872 · https://japanlaw.org/l/417AC0000000086/art-872 - art-139-11/par-2: 第五号 → 会社法 第八百七十二条第一項第五号 (Article 872, paragraph (1), item (v)), art-872/par-1/item-5 — https://japanlaw.org/en/companies-act/art-872/par-1/item-5 · https://japanlaw.org/l/417AC0000000086/art-872/par-1/item-5 - art-139-11/par-2: 第八百七十二条の二 → 会社法 第八百七十二条の二 (Article 872-2), art-872-2 — https://japanlaw.org/en/companies-act/art-872-2 · https://japanlaw.org/l/417AC0000000086/art-872-2 - art-139-11/par-2: 第八百七十三条 → 会社法 第八百七十三条 (Article 873), art-873 — https://japanlaw.org/en/companies-act/art-873 · https://japanlaw.org/l/417AC0000000086/art-873 - art-139-11/par-2: 第八百七十五条 → 会社法 第八百七十五条 (Article 875), art-875 — https://japanlaw.org/en/companies-act/art-875 · https://japanlaw.org/l/417AC0000000086/art-875 - art-139-11/par-2: 第八百七十六条 → 会社法 第八百七十六条 (Article 876), art-876 — https://japanlaw.org/en/companies-act/art-876 · https://japanlaw.org/l/417AC0000000086/art-876 - art-139-11/par-2: 前項 → 金融商品取引法 第百三十九条の十一第一項 (Article 139-11, paragraph (1)), art-139-11/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百三十九条の十一第一項第二号（株式買取請求） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1/item-2 - 金融商品取引法 第百三十九条の十一第二項（株式買取請求） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-139-11/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-2 - 金融商品取引法 第百五十四条の二第一項（内閣府令への委任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-154-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-154-2/par-1 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22