# 会社法 / Companies Act — 第四百六十四条 (Article 464) - 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: 第四百六十四条 (Article 464)（買取請求に応じて株式を取得した場合の責任） — address `art-464` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-464 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-464 - 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. --- ### 第四百六十四条（買取請求に応じて株式を取得した場合の責任） — (Liability Where Shares Are Acquired in Response to Exercise of Appraisal Rights) caption: Ministry of Justice translation — Japanese Law Translation Database System art-464 · https://japanlaw.org/ja/companies-act/art-464 · https://japanlaw.org/l/417AC0000000086/art-464 **第一項** 株式会社が第百十六条第一項又は第百八十二条の四第一項の規定による請求に応じて株式を取得する場合において、当該請求をした株主に対して支払った金銭の額が当該支払の日における分配可能額を超えるときは、当該株式の取得に関する職務を行った業務執行者は、株式会社に対し、連帯して、その超過額を支払う義務を負う。ただし、その者がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。 art-464/par-1 · https://japanlaw.org/ja/companies-act/art-464/par-1 · https://japanlaw.org/l/417AC0000000086/art-464/par-1 If a stock company acquires shares in response to a demand for appraisal pursuant to the provisions of Article 116, paragraph (1) or Article 182-4, paragraph (1), if the amount of the monies paid to the shareholders who made relevant demands exceeds the distributable amount as at the day when relevant payment is made, the executives who performed duties in relation to the acquisition of relevant shares are jointly and severally liable to the stock company for payment of relevant excess amount; provided, however, that this does not apply if relevant persons prove that they did not fail to exercise due care with respect to the performance of their duties. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項の義務は、総株主の同意がなければ、免除することができない。 art-464/par-2 · https://japanlaw.org/ja/companies-act/art-464/par-2 · https://japanlaw.org/l/417AC0000000086/art-464/par-2 Exemption from the obligations under the preceding paragraph may not be given without the consent of all shareholders. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-464/par-1: 第百十六条第一項 → 会社法 第百十六条第一項 (Article 116, paragraph (1)), art-116/par-1 — https://japanlaw.org/ja/companies-act/art-116/par-1 · https://japanlaw.org/l/417AC0000000086/art-116/par-1 - art-464/par-1: 第百八十二条の四第一項 → 会社法 第百八十二条の四第一項 (Article 182-4, paragraph (1)), art-182-4/par-1 — https://japanlaw.org/ja/companies-act/art-182-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-182-4/par-1 - art-464/par-2: 前項 → 会社法 第四百六十四条第一項 (Article 464, paragraph (1)), art-464/par-1 — https://japanlaw.org/ja/companies-act/art-464/par-1 · https://japanlaw.org/l/417AC0000000086/art-464/par-1 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 会社法 第四百六十四条第二項（買取請求に応じて株式を取得した場合の責任） — https://japanlaw.org/ja/companies-act/art-464/par-2 · https://japanlaw.org/l/417AC0000000086/art-464/par-2 - 会社法 第八百四十七条の二第九項（旧株主による責任追及等の訴え） — https://japanlaw.org/ja/companies-act/art-847-2/par-9 · https://japanlaw.org/l/417AC0000000086/art-847-2/par-9 - 会社法 第八百四十七条の三第十項（最終完全親会社等の株主による特定責任追及の訴え） — https://japanlaw.org/ja/companies-act/art-847-3/par-10 · https://japanlaw.org/l/417AC0000000086/art-847-3/par-10 - 会社法 第八百五十条第四項 — https://japanlaw.org/ja/companies-act/art-850/par-4 · https://japanlaw.org/l/417AC0000000086/art-850/par-4 --- ## 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