Foreign Exchange and Foreign Trade Control Law. Copyright Roderick Seeman

Article 28 (Transfers of pre-emptive rights)

Any one of those mentioned in Article 26, Paragraph 1, Item (1) or (2), which is a stockholder of a company and acquires a pre-emptive right accruing from its stockholding may transfer such a right to another party.

2. Excepting those situations where documentary warrant rights are issued, the transfer of pre-emptive rights of the previous Paragraph, unless the written consent of the company has been given, can not be used against the company or third parties.