Perfection of Pledging Shares Article 147 Pledging shares may not be perfected against the Stock Company and other third parties unless the names and addresses of the pledgees are stated or recorded in the shareholder register.
Notwithstanding the provisions of the preceding paragraph, a pledgee of shares in a Share Certificate-Issuing Company may not assert the pledge against the Stock Company and other third parties unless the pledgee is in continuous possession of the share certificates representing those shares.
民法第三百六十四条の規定は、株式については、適用しない。
The provisions of Article 364 of the Civil Code do not apply to shares.
