# 会社法 / Companies Act — 第百九十七条 (Article 197) - 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: 第百九十七条 (Article 197)（株式の競売） — address `art-197` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-197 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-197 - 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. --- ### 第百九十七条（株式の競売） — (Auction of Shares) caption: Ministry of Justice translation — Japanese Law Translation Database System art-197 · https://japanlaw.org/ja/companies-act/art-197 · https://japanlaw.org/l/417AC0000000086/art-197 **第一項** 株式会社は、次のいずれにも該当する株式を競売し、かつ、その代金をその株式の株主に交付することができる。 art-197/par-1 · https://japanlaw.org/ja/companies-act/art-197/par-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1 A stock company may sell shares that fall under both of the following items by auction and tender the proceeds thereof to the shareholders of relevant shares: Ministry of Justice translation — Japanese Law Translation Database System **一** その株式の株主に対して前条第一項又は第二百九十四条第二項の規定により通知及び催告をすることを要しないもの art-197/par-1/item-1 · https://japanlaw.org/ja/companies-act/art-197/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1/item-1 that there is no requirement to give notice or issue a demand to the shareholder of relevant shares pursuant to the provisions of paragraph (1) of the preceding Article, or Article 294, paragraph (2); and Ministry of Justice translation — Japanese Law Translation Database System **二** その株式の株主が継続して五年間剰余金の配当を受領しなかったもの art-197/par-1/item-2 · https://japanlaw.org/ja/companies-act/art-197/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-1/item-2 that the shareholders of those shares have not received dividends of surplus for consecutive five years. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 株式会社は、前項の規定による競売に代えて、市場価格のある同項の株式については市場価格として法務省令で定める方法により算定される額をもって、市場価格のない同項の株式については裁判所の許可を得て競売以外の方法により、これを売却することができる。この場合において、当該許可の申立ては、取締役が二人以上あるときは、その全員の同意によってしなければならない。 art-197/par-2 · https://japanlaw.org/ja/companies-act/art-197/par-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-2 In lieu of sale by auction under the provisions of the preceding paragraph, a stock company may sell shares under that paragraph with a market price in an amount calculated by the method prescribed by Ministry of Justice Order as the market price thereof, and shares under that paragraph without a market price using a method other than auction with the permission of the court. In these cases, if there are two or more directors, the petition for the permission must be filed with the consent of all directors. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 株式会社は、前項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。 art-197/par-3 · https://japanlaw.org/ja/companies-act/art-197/par-3 · https://japanlaw.org/l/417AC0000000086/art-197/par-3 The stock company may purchase some or all of the shares sold under the provisions of the preceding paragraph. In these cases, the stock company must prescribe the following matters: Ministry of Justice translation — Japanese Law Translation Database System **一** 買い取る株式の数（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） art-197/par-3/item-1 · https://japanlaw.org/ja/companies-act/art-197/par-3/item-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-3/item-1 the number of shares to be purchased (or, for a company with class shares, the classes of shares and the number of shares for each class); Ministry of Justice translation — Japanese Law Translation Database System **二** 前号の株式の買取りをするのと引換えに交付する金銭の総額 art-197/par-3/item-2 · https://japanlaw.org/ja/companies-act/art-197/par-3/item-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-3/item-2 the total amount of the monies to be delivered in exchange for the purchase of the shares in the preceding item. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 取締役会設置会社においては、前項各号に掲げる事項の決定は、取締役会の決議によらなければならない。 art-197/par-4 · https://japanlaw.org/ja/companies-act/art-197/par-4 · https://japanlaw.org/l/417AC0000000086/art-197/par-4 A company with board of directors must determine the matters set forth in each item of the preceding paragraph by a resolution at a board of directors meeting. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項及び第二項の規定にかかわらず、登録株式質権者がある場合には、当該登録株式質権者が次のいずれにも該当する者であるときに限り、株式会社は、第一項の規定による競売又は第二項の規定による売却をすることができる。 art-197/par-5 · https://japanlaw.org/ja/companies-act/art-197/par-5 · https://japanlaw.org/l/417AC0000000086/art-197/par-5 Notwithstanding the provisions of paragraph (1) and paragraph (2), if there are registered pledgees of shares, the stock company may effect the auction under the provisions of paragraph (1), or the sale pursuant to the provisions of paragraph (2), only if relevant registered pledgees of shares are the persons who fall under both of the following items: Ministry of Justice translation — Japanese Law Translation Database System **一** 前条第三項において準用する同条第一項の規定により通知又は催告をすることを要しない者 art-197/par-5/item-1 · https://japanlaw.org/ja/companies-act/art-197/par-5/item-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-5/item-1 that there is no requirement to give notice or issue a demand to those persons under the provisions paragraph (1) of the preceding Article applied mutatis mutandis under paragraph (3) of that paragraph; and Ministry of Justice translation — Japanese Law Translation Database System **二** 継続して五年間第百五十四条第一項の規定により受領することができる剰余金の配当を受領しなかった者 art-197/par-5/item-2 · https://japanlaw.org/ja/companies-act/art-197/par-5/item-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-5/item-2 that the persons have not received the dividends of surplus to which they are entitled under the provisions of Article 154, paragraph (1) for consecutive five years. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-197/par-1/item-1: 前条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/art-196/par-1 · https://japanlaw.org/l/417AC0000000086/art-196/par-1 - art-197/par-1/item-1: 第二百九十四条第二項 → 会社法 第二百九十四条第二項 (Article 294, paragraph (2)), art-294/par-2 — https://japanlaw.org/ja/companies-act/art-294/par-2 · https://japanlaw.org/l/417AC0000000086/art-294/par-2 - art-197/par-2: 前項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/art-197/par-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1 - art-197/par-3: 前項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/ja/companies-act/art-197/par-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-2 - art-197/par-3/item-2: 前号 → 会社法 第百九十七条第三項第一号 (Article 197, paragraph (3), item (i)), art-197/par-3/item-1 — https://japanlaw.org/ja/companies-act/art-197/par-3/item-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-3/item-1 - art-197/par-4: 前項 → 会社法 第百九十七条第三項 (Article 197, paragraph (3)), art-197/par-3 — https://japanlaw.org/ja/companies-act/art-197/par-3 · https://japanlaw.org/l/417AC0000000086/art-197/par-3 - art-197/par-5: 第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/art-197/par-1 · https://japanlaw.org/l/417AC0000000086/art-197/par-1 - art-197/par-5: 第二項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/ja/companies-act/art-197/par-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-2 - art-197/par-5/item-1: 前条第三項 → 会社法 第百九十六条第三項 (Article 196, paragraph (3)), art-196/par-3 — https://japanlaw.org/ja/companies-act/art-196/par-3 · https://japanlaw.org/l/417AC0000000086/art-196/par-3 - art-197/par-5/item-1: 同条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/art-196/par-1 · https://japanlaw.org/l/417AC0000000086/art-196/par-1 - art-197/par-5/item-2: 第百五十四条第一項 → 会社法 第百五十四条第一項 (Article 154, paragraph (1)), art-154/par-1 — https://japanlaw.org/ja/companies-act/art-154/par-1 · https://japanlaw.org/l/417AC0000000086/art-154/par-1 ## Cited by 14 provisions cite this one. No official source publishes this direction. - 会社法 第百五十五条第一項第八号 — https://japanlaw.org/ja/companies-act/art-155/par-1/item-8 · https://japanlaw.org/l/417AC0000000086/art-155/par-1/item-8 - 会社法 第百九十七条第二項（株式の競売） — https://japanlaw.org/ja/companies-act/art-197/par-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-2 - 会社法 第百九十七条第三項（株式の競売） — https://japanlaw.org/ja/companies-act/art-197/par-3 · https://japanlaw.org/l/417AC0000000086/art-197/par-3 - 会社法 第百九十七条第三項第二号（株式の競売） — https://japanlaw.org/ja/companies-act/art-197/par-3/item-2 · https://japanlaw.org/l/417AC0000000086/art-197/par-3/item-2 - 会社法 第百九十七条第四項（株式の競売） — https://japanlaw.org/ja/companies-act/art-197/par-4 · https://japanlaw.org/l/417AC0000000086/art-197/par-4 - 会社法 第百九十七条第五項（株式の競売） — https://japanlaw.org/ja/companies-act/art-197/par-5 · https://japanlaw.org/l/417AC0000000086/art-197/par-5 - 会社法 第百九十八条第一項（利害関係人の異議） — https://japanlaw.org/ja/companies-act/art-198/par-1 · https://japanlaw.org/l/417AC0000000086/art-198/par-1 - 会社法 第百九十八条第五項（利害関係人の異議） — https://japanlaw.org/ja/companies-act/art-198/par-5 · https://japanlaw.org/l/417AC0000000086/art-198/par-5 - 会社法 第二百三十条第四項（株券喪失登録の効力） — https://japanlaw.org/ja/companies-act/art-230/par-4 · https://japanlaw.org/l/417AC0000000086/art-230/par-4 - 会社法 第四百六十一条第一項第六号（配当等の制限） — https://japanlaw.org/ja/companies-act/art-461/par-1/item-6 · https://japanlaw.org/l/417AC0000000086/art-461/par-1/item-6 - 会社法 第四百六十二条第一項第四号イ（剰余金の配当等に関する責任） — https://japanlaw.org/ja/companies-act/art-462/par-1/item-4/sub-1 · https://japanlaw.org/l/417AC0000000086/art-462/par-1/item-4/sub-1 - 会社法 第四百六十二条第一項第四号ロ（剰余金の配当等に関する責任） — https://japanlaw.org/ja/companies-act/art-462/par-1/item-4/sub-2 · https://japanlaw.org/l/417AC0000000086/art-462/par-1/item-4/sub-2 - 会社法 第四百六十五条第一項第八号（欠損が生じた場合の責任） — https://japanlaw.org/ja/companies-act/art-465/par-1/item-8 · https://japanlaw.org/l/417AC0000000086/art-465/par-1/item-8 - 会社法 第九百七十六条第一項第十二号（過料に処すべき行為） — https://japanlaw.org/ja/companies-act/art-976/par-1/item-12 · https://japanlaw.org/l/417AC0000000086/art-976/par-1/item-12 --- ## 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 211 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17