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Article 845. Validity of Decision to Cancel or Invalidate the Incorporation of an Equity Company

 

(Compare Article 142 of the former Commercial Code)

 

In the situation where there has been finalization of a decision acknowledging the demand related to litigation to invalidate or cancel the incorporation of an equity company, when only some of the corporate members are the cause of  the invalidation or cancellation, with the agreement of all of the other corporate members, the said equity company can continue. In this situation, the said corporate members with a cause shall be regarded as having resigned.

 

Disclaimer: This translation is for general reference purposes only and is provided on an gas ish basis with no warranties made whatsoever. Attorney Roderick H. Seeman (licensed in the USA) shall not be responsible for any consequences resulting from the use of this translation. Reliance must be placed on the original Japanese text of the laws. In the text of the translation article headings are added in parenthesis that are not in the Japanese language original and are added only for the purposes of enhanced comprehension. 

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