Determination of Shares to Be Acquired Article 169 In cases where there is a provision with respect to the matters listed in Article 107, paragraph (2), item (iii), (c), if a Stock Company intends to acquire Shares Subject to Call, it must determine the Shares Subject to Call that it intends to acquire.
The Shares Subject to Call under the preceding paragraph must be determined by a resolution at a shareholders meeting (or at a board of directors meeting for a Company with a Board of Directors);provided, however, that this does not apply in cases where it is otherwise provided for in the articles of incorporation.
If a Stock Company makes the determination pursuant to the provisions of paragraph (1), the Stock Company must immediately notify the shareholders of the Shares Subject to Call who are identified pursuant to the provisions of that paragraph and the Registered Pledgees of Shares thereof to the effect that the Stock Company will acquire such Shares Subject to Call.
前項の規定による通知は、公告をもってこれに代えることができる。
A public notice may be substituted for the notice pursuant to the provisions of the preceding paragraph.