# 会社法 / Companies Act — 第七十七条 (Article 77) This is the Markdown twin of https://japanlaw.org/ja/companies-act/art-77. Every law, and how to address a provision: https://japanlaw.org/llms.txt. The same laws as MCP tools (no sign-in): https://japanlaw.org/mcp. - 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: 第七十七条 (Article 77)（議決権の不統一行使） — address `art-77` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-77 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-77 - 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. --- ### 第七十七条（議決権の不統一行使） — (Diverse Exercise of Voting Rights) caption: Ministry of Justice translation — Japanese Law Translation Database System art-77 · https://japanlaw.org/ja/companies-act/art-77 · https://japanlaw.org/l/417AC0000000086/art-77 **第一項** 設立時株主は、その有する議決権を統一しないで行使することができる。この場合においては、創立総会の日の三日前までに、発起人に対してその旨及びその理由を通知しなければならない。 art-77/par-1 · https://japanlaw.org/ja/companies-act/art-77/par-1 · https://japanlaw.org/l/417AC0000000086/art-77/par-1 Shareholders at incorporation may diversely exercise the voting rights they hold. In these cases, the shareholders must notify the incorporators to that effect and of the reasons for the same no later than three days prior to the day of the organizational meeting. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 発起人は、前項の設立時株主が他人のために設立時発行株式を引き受けた者でないときは、当該設立時株主が同項の規定によりその有する議決権を統一しないで行使することを拒むことができる。 art-77/par-2 · https://japanlaw.org/ja/companies-act/art-77/par-2 · https://japanlaw.org/l/417AC0000000086/art-77/par-2 If the shareholders at incorporation referred to in the preceding paragraph are not persons who subscribed for the shares issued at incorporation on behalf of others, the incorporators may refuse the diverse exercise of voting rights held by relevant shareholders at incorporation pursuant to the provisions of the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-77/par-2: 前項 → 会社法 第七十七条第一項 (Article 77, paragraph (1)), art-77/par-1 — https://japanlaw.org/ja/companies-act/art-77/par-1 · https://japanlaw.org/l/417AC0000000086/art-77/par-1 ## Cited by 2 provisions cite this one. No official source publishes this direction. - 会社法 第七十七条第二項（議決権の不統一行使） — https://japanlaw.org/ja/companies-act/art-77/par-2 · https://japanlaw.org/l/417AC0000000086/art-77/par-2 - 会社法 第八十六条第一項（創立総会に関する規定の準用） — https://japanlaw.org/ja/companies-act/art-86/par-1 · https://japanlaw.org/l/417AC0000000086/art-86/par-1 --- ## 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 223 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17