Article 507 If the administration of a liquidation has concluded, the Liquidating Stock Company must prepare the settlement of accounts pursuant to the provisions of Ministry of Justice Order without delay.
清算人会設置会社においては、決算報告は、清算人会の承認を受けなければならない。
At a Company with Board of Liquidators, the settlement of accounts must be approved by the board of liquidators.
Liquidators must submit or provide the settlement of accounts (or, in cases where the provisions of the preceding paragraph apply, the settlement of accounts approved under that paragraph) to the shareholders meeting and obtain the approval of the same.
If the approval is given under the preceding paragraph, an exemption is deemed to have been given for the liquidators' liability for failure to perform their duties;provided, however, that this does not apply if there has been misconduct regarding the execution of the liquidators' duties.
