COMMERCIAL CODE OF JAPAN
Article 26. Liability of Transferee Where Usage of Trade Name is Continued
1. In those cases where a transferee of a business continues to use
the trade name of the transferor, the transferee will likewise be liable
for repayment of the obligations arising out of the business of the transferor.
2. The provisions of the previous paragraph shall apply in those cases
where the transferee of the business immediately, without delay registers
that it shall not be liable for the obligations of the transferor. The
same shall be the case where immediately, without delay after the transfer
of the business, notice to the same effect is given by the transferor and
transferee to a third party and the third party has received the notice.
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Article headings are not provided in the Japanese language original
but are provided as it is believed that they assist in the comprehension
of the law
DISCLAIMER: This translation is
for general reference purposes only and is produced on an as isEbasis
with no warranties made whatsoever. Attorney Roderick H. Seeman (licensed
in the USA) is not responsible for any consequences resulting from the
use of this translation. Reliance must be placed
on the original Japanese language text of the law.