No Entry in Shareholder Register Article 541 In cases where an order is issued for commencement of special liquidation, if the court finds that it is necessary to supervise the liquidation, the court, at the petition of the creditors, liquidators, Company Auditors or shareholders or ex officio, may prohibit a Liquidating Stock Company from entering or recording in the shareholder register any Information That Is Required to Be Entered in the Shareholder Register.
Even during the period from the time when a petition for commencement of special liquidation is filed to the time when a ruling is handed down on such petition, if the court finds it necessary, the court may, in response to the petitions by the creditors, liquidators, Company Auditors or shareholders or ex officio, effect the disposition under the provisions of the preceding paragraph. The same applies if immediate appeal under Article 890, paragraph (5) is filed against the ruling to dismiss the petition for the commencement of special liquidation.
