Bond Administrator's Power of Representation Article 705 A manager has authority to do all judicial and non-judicial acts on behalf of bondholders that are necessary to receive payment of claims relating to the Bonds or to preserve the realization of claims relating to the Bonds.
In cases where a Bond administrator has received payment under the preceding paragraph, the bondholders may claim payment of the redeemed amount of Bonds and interest from the Bond administrator. In such cases, if there are provisions to the effect that Bond certificates are issued, the bondholders must claim the payment of such redeemed amount in exchange for the Bond certificates, and the payment of such interest in exchange for the coupons.
前項前段の規定による請求権は、十年間行使しないときは、時効によって消滅する。
The right to claim under the provisions of the first sentence of the preceding paragraph will be extinguished by prescription if not exercised for ten years.
If it is necessary for a Bond administrator to carry out the acts under paragraph (1) with respect to Bonds that the Bond administrator has been entrusted to administer, the Bond administrator may, with the permission of the court, investigate the status of the business and assets of the Bond-Issuing Company.