# 会社法 / Companies Act — 第七百八十六条 (Article 786) - 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: 第七百八十六条 (Article 786)（株式の価格の決定等） — address `art-786` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-786 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-786 - 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. --- ### 第七百八十六条（株式の価格の決定等） — (Determination of the Price of Shares) caption: Ministry of Justice translation — Japanese Law Translation Database System art-786 · https://japanlaw.org/ja/companies-act/art-786 · https://japanlaw.org/l/417AC0000000086/art-786 **第一項** 株式買取請求があった場合において、株式の価格の決定について、株主と消滅株式会社等（吸収合併をする場合における効力発生日後にあっては、吸収合併存続会社。以下この条において同じ。）との間に協議が調ったときは、消滅株式会社等は、効力発生日から六十日以内にその支払をしなければならない。 art-786/par-1 · https://japanlaw.org/ja/companies-act/art-786/par-1 · https://japanlaw.org/l/417AC0000000086/art-786/par-1 If a shareholder exercises appraisal rights and an agreement determining the price of the shares is reached between the shareholder and the disappearing stock company, etc. (or between the shareholder and the company surviving the absorption-type merger, if an absorption-type merger is effected and it is after the effective day; hereinafter the same applies in this Article), the disappearing stock company, etc. must pay that price within sixty days from the effective day. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 株式の価格の決定について、効力発生日から三十日以内に協議が調わないときは、株主又は消滅株式会社等は、その期間の満了の日後三十日以内に、裁判所に対し、価格の決定の申立てをすることができる。 art-786/par-2 · https://japanlaw.org/ja/companies-act/art-786/par-2 · https://japanlaw.org/l/417AC0000000086/art-786/par-2 If no agreement on the determination of the price of the shares is reached within thirty days from the effective day, shareholders or the disappearing stock company, etc. may file a petition for the court to determine the price within thirty days after the expiration of that period. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前条第七項の規定にかかわらず、前項に規定する場合において、効力発生日から六十日以内に同項の申立てがないときは、その期間の満了後は、株主は、いつでも、株式買取請求を撤回することができる。 art-786/par-3 · https://japanlaw.org/ja/companies-act/art-786/par-3 · https://japanlaw.org/l/417AC0000000086/art-786/par-3 Notwithstanding the provisions of paragraph (7) of the preceding Article, in the cases prescribed in the preceding paragraph, if the petition under that paragraph is not filed within sixty days from the effective day, shareholders exercising appraisal rights may withdraw their demands for appraisal at any time after the expiration of that period. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 消滅株式会社等は、裁判所の決定した価格に対する第一項の期間の満了の日後の法定利率による利息をも支払わなければならない。 art-786/par-4 · https://japanlaw.org/ja/companies-act/art-786/par-4 · https://japanlaw.org/l/417AC0000000086/art-786/par-4 A disappearing stock company, etc. must also pay interest on the price determined by the court at the statutory rate from and including the day of the expiration of the period referred to in paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 消滅株式会社等は、株式の価格の決定があるまでは、株主に対し、当該消滅株式会社等が公正な価格と認める額を支払うことができる。 art-786/par-5 · https://japanlaw.org/ja/companies-act/art-786/par-5 · https://japanlaw.org/l/417AC0000000086/art-786/par-5 A disappearing stock company, etc. may pay the amount that the disappearing stock company, etc. considers to be a fair price to shareholders until the determination of the price of shares. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 株式買取請求に係る株式の買取りは、効力発生日に、その効力を生ずる。 art-786/par-6 · https://japanlaw.org/ja/companies-act/art-786/par-6 · https://japanlaw.org/l/417AC0000000086/art-786/par-6 A share purchase connected with the exercise of appraisal rights becomes effective on the effective day. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 株券発行会社は、株券が発行されている株式について株式買取請求があったときは、株券と引換えに、その株式買取請求に係る株式の代金を支払わなければならない。 art-786/par-7 · https://japanlaw.org/ja/companies-act/art-786/par-7 · https://japanlaw.org/l/417AC0000000086/art-786/par-7 If a shareholder exercises appraisal rights with respect to shares for which share certificates are issued, the share certificate-issuing company must pay the price of the shares relating to the exercise of the appraisal rights in exchange for the share certificates. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-786/par-1: この条 → 会社法 第七百八十六条 (Article 786), art-786 — https://japanlaw.org/ja/companies-act/art-786 · https://japanlaw.org/l/417AC0000000086/art-786 - art-786/par-3: 前条第七項 → 会社法 第七百八十五条第七項 (Article 785, paragraph (7)), art-785/par-7 — https://japanlaw.org/ja/companies-act/art-785/par-7 · https://japanlaw.org/l/417AC0000000086/art-785/par-7 - art-786/par-3: 前項 → 会社法 第七百八十六条第二項 (Article 786, paragraph (2)), art-786/par-2 — https://japanlaw.org/ja/companies-act/art-786/par-2 · https://japanlaw.org/l/417AC0000000086/art-786/par-2 - art-786/par-4: 第一項 → 会社法 第七百八十六条第一項 (Article 786, paragraph (1)), art-786/par-1 — https://japanlaw.org/ja/companies-act/art-786/par-1 · https://japanlaw.org/l/417AC0000000086/art-786/par-1 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 会社法 第七百八十六条第一項（株式の価格の決定等） — https://japanlaw.org/ja/companies-act/art-786/par-1 · https://japanlaw.org/l/417AC0000000086/art-786/par-1 - 会社法 第七百八十六条第三項（株式の価格の決定等） — https://japanlaw.org/ja/companies-act/art-786/par-3 · https://japanlaw.org/l/417AC0000000086/art-786/par-3 - 会社法 第七百八十六条第四項（株式の価格の決定等） — https://japanlaw.org/ja/companies-act/art-786/par-4 · https://japanlaw.org/l/417AC0000000086/art-786/par-4 - 会社法 第八百七十条第二項第二号（陳述の聴取） — https://japanlaw.org/ja/companies-act/art-870/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-870/par-2/item-2 --- ## 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