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(親会社株式の取得の禁止)
第百三十五条   子会社は、その親会社である株式会社の株式（以下この条において「親会社株式」という。）を取得してはならない。

Acquisition of Shares of Parent Companies Prohibited
Article 135   A Subsidiary Company may not acquire the shares of a Stock Company that is its Parent Company (hereinafter in this Article referred to as "Parent Company's Shares"). 一   他の会社（外国会社を含む。）の事業の全部を譲り受ける場合において当該他の会社の有する親会社株式を譲り受ける場合 (i)   cases where the Subsidiary Company accepts the transfer of the Parent Company's Shares held by another Company in cases where the Subsidiary Company accepts the transfer of the entire business of such other Company (including Foreign Companies); 二   合併後消滅する会社から親会社株式を承継する場合 (ii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from a Company disappearing due to merger; 三   吸収分割により他の会社から親会社株式を承継する場合 (iii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Absorption-type Company Split; 四   新設分割により他の会社から親会社株式を承継する場合 (iv)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Incorporation-type Company Split; or 五   前各号に掲げるもののほか、法務省令で定める場合 (v)   beyond what is set forth in the preceding items, cases prescribed by Ministry of Justice Order.

前項の規定は、次に掲げる場合には、適用しない。

The provisions of the preceding paragraph do not apply to the following cases: 一   他の会社（外国会社を含む。）の事業の全部を譲り受ける場合において当該他の会社の有する親会社株式を譲り受ける場合 (i)   cases where the Subsidiary Company accepts the transfer of the Parent Company's Shares held by another Company in cases where the Subsidiary Company accepts the transfer of the entire business of such other Company (including Foreign Companies); 二   合併後消滅する会社から親会社株式を承継する場合 (ii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from a Company disappearing due to merger; 三   吸収分割により他の会社から親会社株式を承継する場合 (iii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Absorption-type Company Split; 四   新設分割により他の会社から親会社株式を承継する場合 (iv)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Incorporation-type Company Split; or 五   前各号に掲げるもののほか、法務省令で定める場合 (v)   beyond what is set forth in the preceding items, cases prescribed by Ministry of Justice Order.

子会社は、相当の時期にその有する親会社株式を処分しなければならない。

The Subsidiary Company must dispose of the Parent Company's Shares held by the same at an appropriate time. 一   他の会社（外国会社を含む。）の事業の全部を譲り受ける場合において当該他の会社の有する親会社株式を譲り受ける場合 (i)   cases where the Subsidiary Company accepts the transfer of the Parent Company's Shares held by another Company in cases where the Subsidiary Company accepts the transfer of the entire business of such other Company (including Foreign Companies); 二   合併後消滅する会社から親会社株式を承継する場合 (ii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from a Company disappearing due to merger; 三   吸収分割により他の会社から親会社株式を承継する場合 (iii)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Absorption-type Company Split; 四   新設分割により他の会社から親会社株式を承継する場合 (iv)   cases where the Subsidiary Company succeeds to the Parent Company's Shares from another Company by Incorporation-type Company Split; or 五   前各号に掲げるもののほか、法務省令で定める場合 (v)   beyond what is set forth in the preceding items, cases prescribed by Ministry of Justice Order.