第三十七条　社員は、社員総会において、各々一個の議決権を有する。

Article 37　Each member is entitled to one vote at a general meeting.

第三十七条の二　社員総会は、この法律に規定する事項及び定款で定めた事項に限り、決議をすることができる。

Article 37-2　The general meeting may resolve only the matters provided for in this Act and the matters provided for in the articles of incorporation.

第三十七条の三　社員総会の決議は、この法律又は定款に別段の定めがある場合を除き、総社員の半数以上が出席し、出席した当該社員の議決権の過半数をもって行う。

Article 37-3　(1)　Unless otherwise provided for in this Act or the articles of incorporation, a resolution of the general meeting is adopted by the majority vote of the attending members at a session where at least half of the members are present.

２　社員総会は、第四十一条第一項において準用する会社法第二百九十八条第一項第二号に掲げる事項以外の事項については、決議をすることができない。ただし、第四十一条第一項において準用する同法第三百十六条第一項若しくは第二項に規定する者の選任又は第五十三条の二十三において準用する同法第三百九十八条第二項の会計監査人の出席を求めることについては、この限りでない。

(2)　A general meeting may not adopt a resolution on any other matter than matters listed in Article 298, paragraph (1), item (ii) of the Companies Act as applied mutatis mutandis pursuant to Article 41, paragraph (1); provided, however, that this does not apply to a request for the appointment of a person set forth in Article 316, paragraphs (1) or (2) of that Act as applied mutatis mutandis pursuant to Article 41, paragraph (1), or for the attendance of the financial auditor set forth in Article 398, paragraph (2) of that Act as applied mutatis mutandis pursuant to Article 53-23.

第三十八条　社員総数の千分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員又は三千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（少額短期保険業者である相互会社のうち政令で定めるもの（以下「特定相互会社」という。）にあっては、政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者は、取締役に対し、社員総会の目的である事項（社員総会において決議をすることができる事項に限る。以下この目において同じ。）及び招集の理由を示して、社員総会の招集を請求することができる。

Article 38　(1)　Members having consecutively for the preceding six months or more (or, if shorter period is prescribed in the articles of incorporation, such period) not less than three thousandths (or if lesser proportion is prescribed in the articles of incorporation, such proportion) of the total membership, or three thousand (or if smaller number is prescribed in the articles of incorporation) or more members of a Mutual Company (or, in mutual Small Amount and Short Term Insurance Companies specified by Cabinet Order (hereinafter referred to as a "Specified Mutual Company"), members equal to or exceeding the number specified by Cabinet Order), who have been members of the Mutual Company may, by showing matters which are a purpose for a general meeting (limited to matters on which the general meeting may adopt a resolution; hereinafter the same applies in this Division) and the reason for convocation, demand that the directors call a general meeting.

２　次に掲げる場合には、前項の規定による請求をした社員は、裁判所の許可を得て、社員総会を招集することができる。

(2)　In the following cases, members who have made a demand pursuant to the provisions of the preceding paragraph may call a general meeting with the permission of the court:

３　会社法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十一条（理由の付記）、第八百七十四条（第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、前項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 871 (Appending of Reasons), Article 874 (limited to the segment pertaining to item (iv)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to the preceding paragraph. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第三十九条　社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員又は千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者は、取締役に対し、一定の事項（社員総会において決議をすることができる事項に限る。）を社員総会の目的とすることを請求することができる。この場合において、その請求は、社員総会の日の八週間（これを下回る期間を定款で定めた場合にあっては、その期間）前までにしなければならない。

Article 39　(1)　Members having consecutively for the preceding six months or more (or, if a shorter period is prescribed in the articles of incorporation, such period) no less than one thousandth (or if lesser proportion is prescribed in the articles of incorporation, such proportion) of the total membership, or one thousand (or in case where a smaller number is prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number prescribed by Cabinet Order), who have been members of the Mutual Company, may demand that the directors include certain items (limited to matters on which the general meeting may adopt a resolution) in the agenda for a general meeting. In this case, the demand must be submitted no later than eight weeks (or any shorter period prescribed by the articles of incorporation) prior to the date of the general meeting.

２　社員は、社員総会において、社員総会の目的である事項につき議案を提出することができる。ただし、当該議案が法令若しくは定款に違反する場合又は実質的に同一の議案につき社員総会において総社員の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の賛成を得られなかった日から三年を経過していない場合は、この限りでない。

(2)　A member may submit a proposal at a general meeting with respect to any agenda item for the meeting; provided, however, that this does not apply to cases where the proposal is in violation of any applicable law or regulation, the articles of incorporation, or where three years have not elapsed since the day on which an essentially identical proposal was not approved by at least one tenth (1/10) of the votes of the members (or any smaller proportion prescribed by the articles of incorporation) of the general meeting.

３　社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員又は千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者は、取締役に対し、社員総会の日の八週間（これを下回る期間を定款で定めた場合にあっては、その期間）前までに、社員総会の目的である事項につき当該社員が提出しようとする議案の要領を通知すること（第四十一条第一項において準用する会社法第二百九十九条第二項（各号を除く。）又は第三項の通知をする場合にあっては、その通知に記載し、又は記録すること）を請求することができる。ただし、当該議案が法令若しくは定款に違反する場合又は実質的に同一の議案につき社員総会において総社員の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の賛成を得られなかった日から三年を経過していない場合は、この限りでない。

(3)　Members representing at least one thousandth (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or one thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in paragraph (1)), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), may demand the directors that, no later than eight weeks (or any shorter period prescribed by the articles of incorporation) prior to the date of the general meeting, members be notified of the outline of any proposal to be submitted by the relevant member with respect to an agenda item of the meeting (or, where a notice is to be given under Article 299, paragraph (2) (excluding the items (i) and (ii)) or (3) of the Companies Act as applied mutatis mutandis pursuant to Article 41, paragraph (1), such outline be described in, or recorded on, that notice); provided, however, that this does not apply to the cases where the proposal is in violation of any applicable law or regulation or the articles of incorporation, or where three years have not elapsed since the day on which an essentially identical proposal was not approved by at least one tenth of the membership (or any smaller proportion prescribed by the articles of incorporation) in the general meeting.

第四十条　相互会社又は社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員若しくは千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、前条第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者は、社員総会に係る招集の手続及び決議の方法を調査させるため、当該社員総会に先立ち、裁判所に対し、検査役の選任の申立てをすることができる。

Article 40　(1)　A Mutual Company or members representing at least one thousandth (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or one thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in paragraph (1) of the preceding Article), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), may file a petition with the court, prior to a session of the general meeting, for the election of an inspector to be retained to investigate the convocation procedures and method of resolution of the general meeting.

２　会社法第三百六条第三項から第七項まで（株主総会の招集手続等に関する検査役の選任）及び第三百七条（裁判所による株主総会招集等の決定）の規定は、前項の場合について準用する。この場合において、同法第三百六条第三項中「前二項」とあるのは「保険業法第四十条第一項」と、同条第四項及び第七項中「株式会社」とあるのは「相互会社」と、同法第三百七条中「株主総会」とあるのは「社員総会」と、同条第一項第二号中「株主」とあるのは「社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 306, paragraphs (3) to (7) (Election of Inspector on Calling Procedures of Shareholders' Meeting) and Article 307 (Determination by The Court of the Calling of Shareholders' Meeting) of the Companies Act apply mutatis mutandis to the preceding paragraph. In this case, the term "preceding two paragraphs" in Article 306, paragraph (3) of that Act is deemed to be replaced with "Article 40, paragraph (1) of the Insurance Business Act"; the term "Stock Company" in Article 306, paragraphs (4) and (7) is deemed to be replaced with "Mutual Company"; the term "shareholders' meeting" in Article 307 of that Act is deemed to be replaced with "general meeting"; and the term "shareholders" in Article 307, paragraph (1), item (ii) of that Act is deemed to be replaced with "members"; any other necessary technical replacement of terms is specified by Cabinet Order.

３　会社法第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、前二項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of Reasons), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to item (i)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to the preceding two paragraphs. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第四十一条　会社法第二百九十六条（株主総会の招集）、第二百九十八条（第二項ただし書及び第三項を除く。）（株主総会の招集の決定）、第二百九十九条（第二項各号を除く。）（株主総会の招集の通知）、第三百条から第三百二条まで（招集手続の省略、株主総会参考書類及び議決権行使書面の交付等）、第三百十条から第三百十二条まで（議決権の代理行使、書面による議決権の行使、電磁的方法による議決権の行使）、第三百十四条から第三百十七条まで（取締役等の説明義務、議長の権限、株主総会に提出された資料等の調査、延期又は続行の決議）、第三百十八条（第五項を除く。）（議事録）、第三百十九条（第四項を除く。）（株主総会の決議の省略）及び第三百二十条（株主総会への報告の省略）の規定は、相互会社の社員総会について準用する。この場合において、これらの規定中「株式会社」とあり、及び「取締役会設置会社」とあるのは「相互会社」と、「株主」とあるのは「社員」と、「本店」とあるのは「主たる事務所」と、「営業時間」とあるのは「事業時間」と、同法第二百九十六条第一項中「定時株主総会」とあるのは「定時社員総会」と、同条第三項中「次条第四項」とあり、並びに同法第二百九十八条第一項及び第四項中「前条第四項」とあるのは「保険業法第三十八条第二項又は第五十条第二項」と、同条第二項中「（株主総会において決議をすることができる事項の全部につき議決権を行使することができない株主を除く。次条から第三百二条までにおいて同じ。）の数」とあるのは「の数」と、同法第二百九十九条第一項中「二週間（前条第一項第三号又は第四号に掲げる事項を定めたときを除き、公開会社でない株式会社にあっては、一週間（当該株式会社が取締役会設置会社以外の株式会社である場合において、これを下回る期間を定款で定めた場合にあっては、その期間））」とあるのは「二週間」と、同条第二項中「次に掲げる場合には、前項」とあるのは「前項」と、同法第三百一条及び第三百二条中「株主総会参考書類」とあるのは「社員総会参考書類」と、同法第三百十条第七項中「株主（前項の株主総会において決議をした事項の全部につき議決権を行使することができない株主を除く。次条第四項及び第三百十二条第五項において同じ。）」とあるのは「社員」と、同法第三百十六条第二項中「第二百九十七条」とあるのは「保険業法第三十八条」と、同法第三百十八条第三項中「支店」とあるのは「従たる事務所」と、同法第三百十九条第一項中「株主（当該事項について議決権を行使することができるものに限る。）の全員」とあるのは「社員の全員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 41　(1)　The provisions of Article 296 (Convocation of Shareholders' Meetings), Article 298 (excluding the proviso to paragraphs (2) and (3)) (Determination to Convoke a Shareholders' Meeting), Article 299 (excluding items of paragraph (2)) (Notice of Convocation for a Shareholders' Meeting), Articles 300 to 302 (Omission of Convocation Procedures, Delivery of Voting Forms and Reference Documents for a Shareholders' Meeting), Articles 310 to 312 (Proxy Voting, Voting in Writing, Voting by Electronic or Magnetic Means), Articles 314 to 317 (Accountability of Directors, etc., Authority of Chairperson, Investigation of Materials Submitted to the Shareholders' Meeting, Resolution for Postponement or Adjournment), Article 318 (excluding paragraph (5)) (Minutes), Article 319 (excluding paragraph (4)) (Omission of Resolution of Shareholders' Meetings) and Article 320 (Omission of Reports to Shareholders' Meetings) of the Companies Act apply mutatis mutandis to the general meeting of a Mutual Company. In this case, the terms "Stock Company" and "company with board of directors" in those provisions are deemed to be replaced with "Mutual Company"; the term "head office" in those provisions are deemed to be replaced with "principal office"; the term "operating hours" in those provisions is deemed to be replaced with "business hours"; the term "Annual shareholders' meeting" in Article 296, paragraph (1) of that Act is deemed to be replaced with "Annual general meeting"; the term "paragraph (4) of the following Article" in Article 296, paragraph (3), and the term "paragraph (4) of the preceding Article" in Article 298, paragraphs (1) and (4) of that Act are deemed to be replaced with "Article 38, paragraph (2) and Article 50, paragraph (2) of the Insurance Business Act"; the term "(excluding shareholders who may not exercise their voting rights on all matters which may be resolved at a shareholders' meetings. The same applies in the following Article to Article 302)" in Article 298, paragraph (2) is deemed to be deleted; the term "two weeks (or one week if the Stock Company is not a Public Company, except if the particulars listed in paragraph (1), item (iii) or (iv) of the preceding Article are decided, (or if a shorter period of time is provided for in the articles of incorporation if the Stock Company is a Stock Company other than the Company with Board of Directors, such shorter period of time))" in Article 299, paragraph (1) of that Act is deemed to be replaced with "two weeks"; the term "in the following cases" in Article 299, paragraph (2) is deemed to be deleted; the term "Reference Documents for a Shareholders' Meeting" in Articles 301 and 302 of that Act is deemed to be replaced with "reference documents for a general meeting"; the term "shareholders (excluding the shareholders who may not exercise their voting rights on all matters which may be resolved at the shareholders' meeting under the preceding paragraph. The same applies hereinafter in paragraph (4) of the following Article and in Article 312, paragraph (5))" in Article 310, paragraph (7) of that Act is deemed to be replaced with "members"; the term "Article 297" in Article 316, paragraph (2) of that Act is deemed to be replaced with "Article 38 of the Insurance Business Act"; the term "branch offices" in Article 318, paragraph (3) of that Act is deemed to be replaced with "secondary offices"; and the term "all shareholders (limited to those who may exercise their voting rights with respect to such matter)" in Article 319, paragraph (1) of that Act is deemed to be replaced with "all members"; any other necessary technical replacement of terms is specified by Cabinet Order.

２　会社法第八百三十条（株主総会等の決議の不存在又は無効の確認の訴え）、第八百三十一条（株主総会等の決議の取消しの訴え）、第八百三十四条（第十六号及び第十七号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄）、第八百三十六条第一項及び第三項（担保提供命令）、第八百三十七条（弁論等の必要的併合）、第八百三十八条（認容判決の効力が及ぶ者の範囲）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号トに係る部分に限る。）（裁判による登記の嘱託）の規定は、相互会社の社員総会の決議の不存在若しくは無効の確認又は取消しの訴えについて準用する。この場合において、同法第八百三十一条第一項中「株主等（当該各号の株主総会等が創立総会又は種類創立総会である場合にあっては、株主等、設立時株主、設立時取締役又は設立時監査役）」とあるのは「相互会社の社員、取締役、監査役又は清算人（監査等委員会設置会社にあっては社員、取締役又は清算人、指名委員会等設置会社にあっては、社員、取締役、執行役又は清算人）」と、「株主（当該決議が創立総会の決議である場合にあっては、設立時株主）又は取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）、監査役若しくは清算人（当該決議が株主総会又は種類株主総会の決議である場合にあっては第三百四十六条第一項（第四百七十九条第四項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含み、当該決議が創立総会又は種類創立総会の決議である場合にあっては設立時取締役（設立しようとする株式会社が監査等委員会設置会社である場合にあっては、設立時監査等委員である設立時取締役又はそれ以外の取締役）又は設立時監査役を含む。）」とあるのは「社員又は取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）、監査役若しくは清算人（保険業法第五十三条の十二第一項（同法第百八十条の五第四項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含む。）」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 830 (Action for a Declaratory Judgment as to the Absence or Invalidity of a Resolution of a Shareholders' Meeting, etc.), Article 831 (Action to Revoke a Resolution of a Shareholders' Meeting, etc.), Article 834 (limited to the segment pertaining to items (xvi) and (xvii)) (Defendant), Article 835, paragraph (1) (Jurisdiction over Actions), Article 836, paragraphs (1) and (3) (Order to Provide Security), Article 837 (Mandatory Consolidation of Oral Arguments, etc.), Article 838 (Persons Affected by a Judgment Being Upheld), Article 846 (Liability for Damages Where a Judgment Is Entered Against the Plaintiff), and Article 937, paragraph (1) (limited to the segment pertaining to item (i), (g)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution of the general meeting of a Mutual Company and to an action to rescind a resolution of the general meeting of a Mutual Company. In this case, the term "a Shareholder, etc. (or, if the Shareholders' Meeting, etc. set forth in each such item is an Organizational Meeting or a Class Organizational Meeting, a Shareholder, etc., a Shareholder at Incorporation, a Director at Incorporation or a Company Auditor at Incorporation)" in Article 831, paragraph (1) of that Act is deemed to be replaced with "members, directors, company auditors or liquidators of a Mutual Company (members, directors or liquidator, in the case of a company with Audit and Supervisory Committee, or members, directors, executive officers or liquidators, in the case of a Company with Nominating Committee, etc.)"; and the term "a shareholder (or, if the relevant resolution is the resolution of an Organizational Meeting, Shareholders at Incorporation) or director (or, in cases of a Company with Audit and Supervisory Committee, directors who are Audit and Supervisory Committee Members or other directors; the same applies hereinafter in this paragraph), company auditor or liquidator pursuant to the provisions of Article 346 (1) (including cases where it is applied mutatis mutandis pursuant to Article 479 (4)), and if such resolution is the resolution of an Organizational Meeting or Class Organizational Meeting, it is to include a Director at Incorporation (if a Stock Company to be incorporated is a Company with Audit and Supervisory Committee, Directors at Incorporation who are Audit and Supervisory Committee Members at Incorporation or other Directors at Incorporation) or a Company Auditor at Incorporation)" in Article 831, paragraph (1) of that Act is deemed to be replaced with "members or directors (or, in the case of a Company with Audit and Supervisory Committee, directors who are Audit and Supervisory Committee Members or other directors; hereinafter the same applies in this paragraph), company auditors or liquidators (including a person who assumes the rights and obligations of a director, company auditor or liquidator pursuant to the provisions of Article 53-12, paragraph (1) of the Insurance Business Act (including the cases where it is applied mutatis mutandis pursuant to Article 180-5, paragraph (4) of that Act)"; any other necessary technical replacement of terms is specified by Cabinet Order.

第四十二条　相互会社は、定款で定めるところにより、社員総会に代わるべき機関として、社員のうちから選出された総代により構成される機関（以下「総代会」という。）を設けることができる。

Article 42　(1)　A Mutual Company may, pursuant to the provisions of its articles of incorporation, establish an administrative organ composed of the representative members elected from among its members (hereinafter referred to as "Member Representatives Meeting"), in lieu of a general meeting.

２　前項の定款には、総代の定数、任期、選出の方法その他の内閣府令で定める事項を定めなければならない。

(2)　The articles of incorporation set forth in the preceding paragraph must specify the particulars prescribed by Cabinet Office Order, such as the number, term of office, and method of election of representative members.

３　総代の任期は、四年を超えることはできない。

(3)　The term of office of a representative member must not exceed four years.

第四十三条　総代は、総代会において、各々一個の議決権を有する。

Article 43　Each representative member is entitled to one vote at Member Representatives Meetings.

第四十三条の二　総代会は、この法律に規定する事項及び定款に定めた事項に限り、決議をすることができる。

Article 43-2　(1)　The Member Representatives Meeting may resolve only the matters provided for in this Act and the matters provided for in the articles of incorporation.

２　この法律の規定により社員総会（総代会を設けているときは、総代会）の決議を必要とする事項について、取締役、執行役、取締役会その他の社員総会及び総代会以外の機関が決定することができることを内容とする定款の定めは、その効力を有しない。

(2)　Any provisions in the articles of incorporation to the effect that the directors, executive officers, board of directors or any other organ than the general meeting or Member Representatives Meeting may decide on a matter which requires a resolution of the general meeting (or the Member Representatives Meeting, where the company has such a meeting) pursuant to the provisions of this Act are null and void.

第四十四条　総代会の議事は、この法律又は定款に別段の定めがある場合を除き、総代の半数以上が出席し、出席した者の議決権の過半数で決する。ただし、総代会に出席を必要とする総代の数は、定款の定めによっても総代の総数の三分の一未満とすることはできない。

Article 44　(1)　Unless otherwise provided for in this Act or the articles of incorporation, a resolution at a Member Representatives Meeting is adopted by the majority vote of the attending representative members at a session where at least half of the representative members are present; provided, however, that the number of the general representatives required to attend the Member Representatives Meeting is not to be less than one-third of the total number of general representatives, notwithstanding the provisions of the articles of incorporation.

２　総代会は、第四十九条第一項において準用する会社法第二百九十八条第一項第二号に掲げる事項以外の事項については、決議をすることができない。ただし、第四十九条第一項において準用する同法第三百十六条第一項若しくは第二項に規定する者の選任又は第五十三条の二十三において準用する同法第三百九十八条第二項の会計監査人の出席を求めることについては、この限りでない。

(2)　The Member Representatives Meeting may not adopt a resolution on any other matter than matters listed in Article 298, paragraph (1), item (ii) of the Companies Act as applied mutatis mutandis pursuant to Article 49, paragraph (1); provided, however, that this does not apply to electing the person set forth in Article 316, paragraphs (1) or (2) of that Act as applied mutatis mutandis pursuant to Article 49, paragraph (1), or to requiring the attendance of financial auditor under Article 398, paragraph (2) of that Act as applied mutatis mutandis pursuant to Article 53-23.

第四十四条の二　総代は、定款に定めがある場合には、代理人によってその議決権を行使することができる。この場合において、代理人は一人に限るものとし、かつ、当該総代又は代理人は、当該代理権を証する書面を相互会社に提出しなければならない。

Article 44-2　(1)　A representative member, may exercise their voting right by proxy where the articles of incorporation include any provisions to that effect. In this case, such representative member is to designate only one proxy, and the representative member or proxy must submit to the Mutual Company a document certifying the authority of proxy.

２　前項の代理人となることができる者は、総代に限る。

(2)　Any proxy under the preceding paragraph is a representative member.

３　会社法第三百十条（第一項及び第五項を除く。）（議決権の代理行使）の規定は、第一項の場合について準用する。この場合において、同条第二項中「前項」とあり、及び同条第三項中「第一項」とあるのは「保険業法第四十四条の二第一項」と、同条第三項、第四項、第六項及び第七項中「株式会社」とあるのは「相互会社」と、同条第四項中「第二百九十九条第三項」とあるのは「保険業法第四十九条第一項において準用する第二百九十九条第三項」と、同条第七項中「株主（前項の株主総会において決議をした事項の全部につき議決権を行使することができない株主を除く。次条第四項及び第三百十二条第五項において同じ。）」とあるのは「社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 310 (excluding paragraphs (1) and (5)) (Proxy Voting) of the Companies Act apply mutatis mutandis to paragraph (1). In this case, the term "preceding paragraph" in paragraph (2) of that Article and the term "paragraph (1)" in paragraph (3) of that Article is deemed to be replaced with "Article 44-2, paragraph (1) of the Insurance Business Act"; the term "Stock Company" in Article 310, paragraphs (3), (4), (6) and (7) is deemed to be replaced with "Mutual Company"; the term "Article 299, paragraph (3)" in Article 310, paragraph (4) is deemed to be replaced with "Article 299, paragraph (3) as applied mutatis mutandis pursuant to Article 49, paragraph (1) of the Insurance Business Act"; and the term "shareholders (excluding the shareholders who may not exercise their voting rights on all matters which may be resolved at the shareholders' meeting under the preceding paragraph. The same applies in paragraph (4) of the following Article and in Article 312, paragraph (5))" in Article 310, paragraph (7) is deemed to be replaced with "members"; any other necessary technical replacement of terms is specified by Cabinet Order.

第四十五条　社員総数の千分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員若しくは三千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、第三十八条第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者又は九名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代は、取締役に対し、総代会の目的である事項（総代会において決議をすることができる事項に限る。以下この目において同じ。）及び招集の理由を示して、総代会の招集を請求することができる。

Article 45　(1)　Members representing at least three thousandths (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or three thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 38, paragraph (1)), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), or nine (or any smaller number prescribed by the articles of incorporation) or more representative members may demand the directors to convene a Member Representatives Meeting by indicating the proposed agenda for the meeting (limited to matters on which the Member Representatives Meeting may adopt a resolution; hereinafter the same applies in this Division) and the reason for the convocation.

２　次に掲げる場合には、前項の規定による請求をした社員又は総代は、裁判所の許可を得て、総代会を招集することができる。

(2)　In the following cases, a member or a representative member who made a demand pursuant to the provisions of the preceding paragraph may convene the Member Representatives Meeting with the permission of the court:

３　会社法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十一条（理由の付記）、第八百七十四条（第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、前項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 871 (Appending of the Reason), Article 874 (limited to the segment pertaining to item (iv)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to the preceding paragraph. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第四十六条　社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員若しくは千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、第三十九条第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者又は三名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代は、取締役に対し、一定の事項（総代会において決議をすることができる事項に限る。）を総代会の目的とすることを請求することができる。この場合において、その請求は、総代会の日の八週間（これを下回る期間を定款で定めた場合にあっては、その期間）前までにしなければならない。

Article 46　(1)　Members representing at least one thousandth (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or one thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 39, paragraph (1)), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), or three (or any smaller number prescribed by the articles of incorporation) or more representative members may demand the directors to include certain items (limited to matters on which the Member Representatives Meeting may adopt a resolution) in the agenda for the Member Representatives Meeting. In this case, the demand must be submitted no later than eight weeks (or any shorter period prescribed by the articles of incorporation) prior to the date of the Member Representatives Meeting.

２　総代は、総代会において、総代会の目的である事項につき議案を提出することができる。ただし、当該議案が法令若しくは定款に違反する場合又は実質的に同一の議案につき総代会において全総代の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の賛成を得られなかった日から三年を経過していない場合は、この限りでない。

(2)　Representative members may submit a proposal at a Member Representatives Meeting with respect to any agenda item for the meeting; provided, however, that this does not apply to cases where the proposal is in violation of any applicable law or regulation or the articles of incorporation, or where three years have not elapsed since the day on which an essentially identical proposal was not approved at a Member Representatives Meeting by at least one tenth of the representative members (or any smaller proportion prescribed by the articles of incorporation).

３　社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員若しくは千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、第三十九条第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者又は三名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代は、取締役に対し、総代会の日の八週間（これを下回る期間を定款で定めた場合にあっては、その期間）前までに、総代会の目的である事項につき議案の要領を通知すること（第四十九条第一項において準用する会社法第二百九十九条第二項（各号を除く。）又は第三項の通知をする場合にあっては、その通知に記載し、又は記録すること）を請求することができる。ただし、当該議案が法令若しくは定款に違反する場合又は実質的に同一の議案につき総代会において全総代の議決権の十分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上の賛成を得られなかった日から三年を経過していない場合は、この限りでない。

(3)　Members representing at least one thousandth (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or one thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 39, paragraph (1)), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), or three (or any smaller number prescribed by the articles of incorporation) or more representative members may demand the directors that, no later than eight weeks (or any shorter period prescribed by the articles of incorporation) prior to the date of the Member Representatives Meeting, members be notified of the outline of any proposal to be submitted with respect to an agenda item of the meeting (or, where a notice is to be given under Article 299, paragraph (2) (excluding the items) or (3) of the Companies Act as applied mutatis mutandis pursuant to Article 49, paragraph (1), such outline be described in, or recorded on, that notice); provided, however, that this does not apply to the cases where the proposal is in violation of any applicable law or regulation or the articles of incorporation, or where three years have not elapsed since the day on which an essentially identical proposal was not approved at a Member Representatives Meeting by at least one tenth of the representative members (or any smaller proportion prescribed by the articles of incorporation).

第四十七条　相互会社、社員総数の千分の一（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員若しくは千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、第三十九条第一項に規定する政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者又は三名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代は、総代会に係る招集の手続及び決議の方法を調査させるため、当該総代会に先立ち、裁判所に対し、検査役の選任の申立てをすることができる。

Article 47　(1)　A Mutual Company, members representing at least one thousandth (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or one thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 39, paragraph (1)), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), or three (or any smaller number prescribed by the articles of incorporation) or more representative members may file a petition with the court, prior to the session of the Member Representatives Meeting, for the election of an inspector who is retained to investigate the convocation procedures and method of resolution related to such a meeting.

２　会社法第三百六条第三項から第七項まで（株主総会の招集手続等に関する検査役の選任）及び第三百七条（裁判所による株主総会招集等の決定）の規定は、前項の場合について準用する。この場合において、同法第三百六条第三項中「前二項」とあるのは「保険業法第四十七条第一項」と、同条第四項及び第七項中「株式会社」とあるのは「相互会社」と、同法第三百七条中「株主総会」とあるのは「総代会」と、同条第一項第二号中「株主」とあるのは「総代」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 306, paragraphs (3) to (7) (Election of an Inspector for the Convocation Procedures of a Shareholders' Meeting) and Article 307 (Determination by the Court of the Calling of Shareholders' Meeting) of the Companies Act apply mutatis mutandis to the preceding paragraph. In this case, the term "preceding two paragraphs" in Article 306, paragraph (3) of that Act is deemed to be replaced with "Article 40, paragraph (1) of the Insurance Business Act"; the term "Stock Company" in Article 306, paragraphs (4) and (7) is deemed to be replaced with "Mutual Company"; the term "shareholders' meeting" in Article 307 of that Act is deemed to be replaced with " Member Representatives Meeting"; and the term "shareholders" in paragraph (1), item (ii) of that Article is deemed to be replaced with "representative members"; any other necessary technical replacement of terms is specified by Cabinet Order.

３　会社法第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、前二項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to item (i)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to the preceding two paragraphs. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第四十八条　取締役（第四十五条第二項の規定により社員又は総代が総代会を招集する場合にあっては、当該社員又は総代。以下この条において同じ。）は、次条第一項において読み替えて準用する会社法第二百九十九条第一項の通知に際して、内閣府令で定めるところにより、総代に対し、議決権の行使について参考となるべき事項を記載した書類を交付しなければならない。

Article 48　(1)　The directors (or, where members or representative members convene the Member Representatives Meeting pursuant to the provisions of Article 45, paragraph (2), such members or representative members; hereinafter the same applies in this Article), when dispatching a notice under Article 299, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms, must give the representative members documents detailing particulars of reference with regard to the exercise of voting rights pursuant to the provisions of Cabinet Office Order.

２　取締役は、次条第一項において読み替えて準用する会社法第二百九十九条第三項の承諾をした総代に対し同項の電磁的方法による通知を発するときは、前項の規定による交付に代えて、その書類に記載すべき事項を電磁的方法により提供することができる。ただし、総代の請求があったときは、その書類を当該総代に交付しなければならない。

(2)　If the directors dispatch notices by electronic or magnetic means referred to in Article 299, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms to the representative members who have given consent under the same paragraph, the directors may, in lieu of giving the documents pursuant to the provisions of the preceding paragraph, provide the particulars that are required to be included in such documents by electronic or magnetic means; provided, however, that if requested by any representative member, they must give these documents to such representative member.

３　取締役は、次条第一項において読み替えて準用する会社法第二百九十八条第一項第三号に掲げる事項を定めた場合には、次条第一項において読み替えて準用する同法第二百九十九条第一項の通知に際して、内閣府令で定めるところにより、総代に対し、総代が議決権を行使するための書面（以下この条において「議決権行使書面」という。）を交付しなければならない。

(3)　Where the matters listed in Article 298, paragraph (1), item (iii) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms are decided, the directors, when giving a notice under Article 299, paragraph (1) of that Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms, must provide the representative members with documents to be used by the representative members to exercise their voting rights (hereinafter referred to as "Voting Forms" in this Article) pursuant to the provisions of Cabinet Office Order.

４　取締役は、次条第一項において読み替えて準用する会社法第二百九十九条第三項の承諾をした総代に対し同項の電磁的方法による通知を発するときは、前項の規定による交付に代えて、その議決権行使書面に記載すべき事項を電磁的方法により提供することができる。ただし、総代の請求があったときは、その議決権行使書面を当該総代に交付しなければならない。

(4)　If the directors give a notice by electronic or magnetic means referred to in Article 299, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms to the representative members who have given consent under the same paragraph, the directors may, in lieu of giving out Voting Forms pursuant to the provisions of the preceding paragraph, provide the particulars that are required to be included in such documents by electronic or magnetic means; provided, however, that if requested by any representative member, the directors must give their voting form to such representative member.

５　取締役は、次条第一項において読み替えて準用する会社法第二百九十八条第一項第四号に掲げる事項を定めた場合には、次条第一項において準用する同法第二百九十九条第三項の承諾をした総代に対する同項の電磁的方法による通知に際して、内閣府令で定めるところにより、総代に対し、その議決権行使書面に記載すべき事項を当該電磁的方法により提供しなければならない。

(5)　Where the matters listed in Article 298, paragraph (1), item (iv) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms are decided, the directors, when giving a notice to the representative members who have given consent under Article 299, paragraph (3) of the Companies Act by electronic or magnetic means referred to in the same paragraph, must provide the representative members with the particulars that are required to be included in the Voting Forms by such electronic or magnetic means pursuant to the provisions of Cabinet Office Order.

６　取締役は、前項に規定する場合において、次条第一項において読み替えて準用する会社法第二百九十九条第三項の承諾をしていない総代から総代会の日の一週間前までに議決権行使書面に記載すべき事項の電磁的方法による提供の請求があったときは、内閣府令で定めるところにより、直ちに、当該総代に対し、当該事項を電磁的方法により提供しなければならない。

(6)　In the cases prescribed in the preceding paragraph, if any representative member who has not given consent under Article 299, paragraph (3) of the Companies Act as applied mutatis mutandis pursuant to paragraph (1) of the following Article following the deemed replacement of terms requests, no later than one week prior to the date of the Member Representatives Meeting, to be provided the particulars that are required to be included in the Voting Forms by electronic or magnetic means, the directors must immediately, provide such particulars to such representative member by electronic or magnetic means pursuant to the provisions of Cabinet Office Order.

第四十九条　会社法第二百九十六条（株主総会の招集）、第二百九十八条（第二項及び第三項を除く。）（株主総会の招集の決定）、第二百九十九条（第二項各号を除く。）（株主総会の招集の通知）、第三百条（招集手続の省略）、第三百十一条（書面による議決権の行使）、第三百十二条（電磁的方法による議決権の行使）、第三百十四条から第三百十七条まで（取締役等の説明義務、議長の権限、株主総会に提出された資料等の調査、延期又は続行の決議）及び第三百十八条（第五項を除く。）（議事録）の規定は、相互会社の総代会について準用する。この場合において、これらの規定中「株式会社」とあり、及び「取締役会設置会社」とあるのは「相互会社」と、「本店」とあるのは「主たる事務所」と、「営業時間」とあるのは「事業時間」と、これらの規定（同法第二百九十八条第一項（各号を除く。）及び第四項、第三百十一条第四項、第三百十二条第五項、第三百十四条並びに第三百十八条第四項を除く。）中「株主」とあるのは「総代」と、同法第二百九十六条第一項中「定時株主総会」とあるのは「定時総代会」と、同条第三項中「次条第四項」とあるのは「保険業法第四十五条第二項」と、同法第二百九十八条第一項（各号を除く。）及び第四項中「前条第四項」とあるのは「保険業法第四十五条第二項」と、「株主」とあるのは「社員又は総代」と、同法第二百九十九条第一項中「二週間（前条第一項第三号又は第四号に掲げる事項を定めたときを除き、公開会社でない株式会社にあっては、一週間（当該株式会社が取締役会設置会社以外の株式会社である場合において、これを下回る期間を定款で定めた場合にあっては、その期間））」とあるのは「二週間」と、同条第二項中「次に掲げる場合には、前項」とあるのは「前項」と、同法第三百十一条第四項及び第三百十二条第五項中「株主」とあるのは「社員」と、同法第三百十四条中「株主から」とあるのは「総代から」と、「株主の共同」とあるのは「社員の共同」と、同法第三百十六条第二項中「第二百九十七条」とあるのは「保険業法第四十五条」と、同法第三百十八条第三項中「支店」とあるのは「従たる事務所」と、同条第四項中「株主」とあるのは「社員」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 49　(1)　The provisions of Article 296 (Convocation of Shareholders' Meetings), Article 298 (excluding paragraphs (2) and (3)) (Determination to Convoke a Shareholders' Meeting), Article 299 (excluding paragraph (2), items (i) and (ii)) (Notice of Calling of Shareholders' Meetings), Article 300 (Omission of Calling Procedures), Article 311 (Voting in Writing), Article 312 (Voting by Electronic or Magnetic Method), Articles 314 to 317 (Accountability of Directors, etc., Authority of Chairperson, Investigation of Materials Submitted to a Shareholders' Meeting, Resolution for Postponement or Adjournment) and Article 318 (excluding paragraph (5)) (Minutes) of the Companies Act apply mutatis mutandis to the Member Representatives Meeting. In this case, the terms "Stock Company" and "company with board of directors" in those provisions are deemed to be replaced with "Mutual Company"; the term "head office" in those provisions is deemed to be replaced with "principal office"; the term "operating hours" in those provisions is deemed to be replaced with "business hours"; the term "shareholder" in those provisions (excluding Article 298, paragraph (1) (excluding items), Article 298, paragraph (4), Article 311, paragraph (4), Article 312, paragraph (5), Article 314 and Article 318, paragraph (4)) is deemed to be replaced with "representative member"; the term "Annual shareholders' meeting" in Article 296, paragraph (1) of that Act is deemed to be replaced with "Annual Member Representatives Meeting"; the term "paragraph (4) of the following Article" in Article 296, paragraph (3) is deemed to be replaced with "Article 45, paragraph (2) of the Insurance Business Act"; the terms "paragraph (4) of the preceding Article" and "shareholder" in Article 298, paragraph (1) (excluding the items) and Article 298, paragraph (4) of that Act are deemed to be replaced with "Article 45, paragraph (2) of the Insurance Business Act" and "member or representative member", respectively; the term "two weeks (or one week if the Stock Company is not a Public Company, except if the particulars listed in items (iii) and (iv), paragraph (1) of the preceding Article are decided, (or if a shorter period of time is provided for in the articles of incorporation if the Stock Company is a Stock Company other than the Company with Board of Directors, such shorter period of time))" in Article 299, paragraph (1) of that Act is deemed to be replaced with "two weeks"; the term "in the following cases" in Article 299, paragraph (2) is deemed to be deleted; the term "shareholders" in Article 311, paragraph (4) and Article 312, paragraph (5) of that Act is deemed to be replaced with "members"; the terms "by the shareholders" and "common interest of the shareholders" in Article 314 of that Act are deemed to be replaced with "by the representative members" and "common interest of the representative members", respectively; the term "Article 297" in Article 316, paragraph (2) of that Act is deemed to be replaced with "Article 45 of the Insurance Business Act"; the term "branch offices" in Article 318, paragraph (3) of that Act is deemed to be replaced with "secondary offices"; and the term "shareholders" in Article 318, paragraph (4) of that Act is deemed to be replaced with "members"; any other necessary technical replacement of terms is specified by Cabinet Order.

２　会社法第八百三十条（株主総会等の決議の不存在又は無効の確認の訴え）、第八百三十一条（株主総会等の決議の取消しの訴え）、第八百三十四条（第十六号及び第十七号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄）、第八百三十六条第一項及び第三項（担保提供命令）、第八百三十七条（弁論等の必要的併合）、第八百三十八条（認容判決の効力が及ぶ者の範囲）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号トに係る部分に限る。）（裁判による登記の嘱託）の規定は、相互会社の総代会の決議の不存在若しくは無効の確認又は取消しの訴えについて準用する。この場合において、同法第八百三十一条第一項中「株主等（当該各号の株主総会等が創立総会又は種類創立総会である場合にあっては、株主等、設立時株主、設立時取締役又は設立時監査役）」とあるのは「相互会社の社員、取締役、監査役又は清算人（監査等委員会設置会社にあっては社員、取締役又は清算人、指名委員会等設置会社にあっては、社員、取締役、執行役又は清算人）」と、「株主（当該決議が創立総会の決議である場合にあっては、設立時株主）又は取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）、監査役若しくは清算人（当該決議が株主総会又は種類株主総会の決議である場合にあっては第三百四十六条第一項（第四百七十九条第四項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含み、当該決議が創立総会又は種類創立総会の決議である場合にあっては設立時取締役（設立しようとする株式会社が監査等委員会設置会社である場合にあっては、設立時監査等委員である設立時取締役又はそれ以外の設立時取締役）又は設立時監査役を含む。）」とあるのは「社員又は取締役（監査等委員会設置会社にあっては、監査等委員である取締役又はそれ以外の取締役。以下この項において同じ。）、監査役若しくは清算人（保険業法第五十三条の十二第一項（同法第百八十条の五第四項において準用する場合を含む。）の規定により取締役、監査役又は清算人としての権利義務を有する者を含む。）」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 830 (Action for a Declaratory Judgment as to the Absence or Invalidity of a Resolution of a Shareholders' Meeting, etc.), Article 831 (Action to Revoke a Resolution of a Shareholders' Meeting, etc.), Article 834 (limited to the segment pertaining to items (xvi) and (xvii)) (Defendant), Article 835, paragraph (1) (Jurisdiction over Actions), Article 836, paragraphs (1) and (3) (Order to Provide Security), Article 837 (Mandatory Consolidation of Oral Arguments, etc.), Article 838 (Persons Affected by a Judgment Being Upheld), Article 846 (Liability for Damages Where a Judgment Is Entered Against the Plaintiff), and Article 937, paragraph (1) (limited to the segment pertaining to item (i), (g)) (Commissioning of Registration by Judicial Decision) of the Companies Act apply mutatis mutandis to an action for a declaratory judgment as to the absence or invalidity of a resolution of the General Representative Members' Council of a Mutual Company and to an action to revoke a resolution of the Member Representatives Meeting of a Mutual Company. In this case, the term "a Shareholder, etc. (or, if the Shareholders' Meeting, etc. set forth respectively in each such item is an Organizational Meeting or a Class Organizational Meetings, a Shareholder, etc., a Shareholder at Incorporation, a Director at Incorporation or a Company Auditor at Incorporation)" in Article 831, paragraph (1) of that Act is deemed to be replaced with "members, directors, company auditors or liquidators of a Mutual Company (members, directors or liquidators, in the case of a company with Audit and Supervisory Committee, or members, directors, executive officers or liquidators, in the case of a Company with Nominating Committee, etc.)"; and the term "a shareholder (or, if the relevant resolution is the resolution of an Organizational Meeting, Shareholders at Incorporation) or director (or, in cases of a Company with Audit and Supervisory Committee, directors who are Audit and Supervisory Committee Members or other directors; the same applies hereinafter in this paragraph), company auditor or liquidator pursuant to the provisions of Article 346 (1) (including cases where it is applied mutatis mutandis pursuant to Article 479 (4)), and if such resolution is a resolution of an Organizational Meeting or Class Organizational Meeting, it is to include a Director at Incorporation (if a Stock Company to be incorporated is a Company with Audit and Supervisory Committee, Directors at Incorporation who are Audit and Supervisory Committee Members at Incorporation or other Directors at Incorporation) or a Company Auditor at Incorporation)" in Article 831, paragraph (1) of that Act is deemed to be replaced with "members, or directors (in the case of a Company with Audit and Supervisory Committee, directors who are Audit and Supervisory Committee Members or other directors; the same applies in this paragraph), company auditors or liquidators (including a person who assumes the rights and obligations of a director, executive officer or liquidator pursuant to the provisions of Article 53-12, paragraph (1) of the Insurance Business Act (including the cases where it is applied mutatis mutandis pursuant to Article 180-5, paragraph (4) of that Act)"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十条　第四十二条第一項の規定により総代会が設けられている場合においても、社員総数の千分の五（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員（特定相互会社にあっては、政令で定める数以上の社員）で六月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者は、取締役に対し、総代会の廃止又は同条第二項の規定により定款に定めた事項の変更を社員総会の目的として、当該社員総会の目的である事項及び招集の理由を示して、社員総会の招集を請求することができる。

Article 50　(1)　Even where a Mutual Company has established a Member Representatives Meeting pursuant to the provisions of Article 42, paragraph (1), members representing at least five thousandths (or any smaller proportion prescribed by the articles of incorporation) of the total membership (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation), may demand the directors to convene the general meeting with the purpose of abolishing the Member Representatives Meeting or modifying any particular prescribed by the articles of incorporation pursuant to the provisions of paragraph (2) in that Article, by indicating the proposed agenda for the meeting and the reason for the convocation.

２　次に掲げる場合には、前項の規定による請求をした社員は、裁判所の許可を得て、社員総会を招集することができる。

(2)　In the following cases, the members who made a demand pursuant to the provisions of the preceding paragraph may convene a general meeting with the permission of the court:

３　会社法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十一条（理由の付記）、第八百七十四条（第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は、前項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 871 (Appending of the Reason), Article 874 (limited to the segment pertaining to item (iv)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of the Companies Act apply mutatis mutandis to the preceding paragraph. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

４　前三項の規定により招集された社員総会において、第四十二条第二項の規定により定款に定めた事項の変更の決議をした場合においては、当該事項に係る定款の変更が効力を生じた日から三年を経過する日までの間は、総代会においては、当該事項に係る定款の変更の決議をすることができない。

(4)　Where a resolution modifying any particular prescribed by the articles of incorporation pursuant to the provisions of Article 42, paragraph (2) is adopted by the general meeting convened pursuant to the provisions of the preceding three paragraphs, the Member Representatives Meeting may not adopt a resolution amending the articles of incorporation regarding the particular thus modified, unless three years have elapsed since the day on which the amendment of the articles of incorporation came into effect regarding such particular.

第五十一条　相互会社は、次に掲げる機関を置かなければならない。

Article 51　(1)　A Mutual Company must have in place the following administrative organs:

２　相互会社は、定款の定めによって、会計参与、監査役会又は会計監査人を置くことができる。

(2)　A Mutual Company may have accounting advisors, a board of company auditors or financial auditor pursuant to the provisions of the articles of incorporation.

３　保険会社である相互会社及び第二百七十二条の四第一項第一号ロに掲げる相互会社（監査等委員会設置会社及び指名委員会等設置会社を除く。）は、監査役会及び会計監査人を置かなければならない。

(3)　A Mutual Company that is an Insurance Company and a Mutual Company listed in Article 272-4, paragraph (1), item (i), (b) (other than a company with Audit and Supervisory Committee and Company with Nominating Committee, etc.) must have in place a board of company auditors and a financial auditor.

４　監査等委員会設置会社及び指名委員会等設置会社は、監査役を置いてはならない。

(4)　A company with Audit and Supervisory Committee and Company with Nominating Committee, etc. must not have any company auditors.

５　監査等委員会設置会社及び指名委員会等設置会社は、会計監査人を置かなければならない。

(5)　A company with Audit and Supervisory Committee and Company with Nominating Committee, etc. must have a financial auditor.

６　指名委員会等設置会社は、監査等委員会を置いてはならない。

(6)　A Company with Nominating Committee, etc. must not have an Audit and Supervisory Committee.

第五十二条　役員（取締役、会計参与及び監査役をいう。以下この目において同じ。）及び会計監査人は、社員総会（総代会を設けているときは、総代会。以下この款において同じ。）の決議によって選任する。

Article 52　(1)　Officers (meaning directors, accounting advisors and company auditors; hereinafter the same applies in this Division) and financial auditor is elected by a resolution of the general meeting (or the Member Representatives Meeting, where the company has such a meeting; hereinafter the same applies in this Subsection).

２　監査等委員会設置会社においては、前項の規定による取締役の選任は、監査等委員である取締役とそれ以外の取締役とを区別してしなければならない。

(2)　In case of a Company with Audit and Supervisory Committee, the election of directors under the preceding paragraph must be made separately for directors who are Advisory Committee Members and other directors.

３　第一項の決議をする場合には、内閣府令で定めるところにより、役員（監査等委員会設置会社にあっては、監査等委員である取締役若しくはそれ以外の取締役又は会計参与。以下この項において同じ。）が欠けた場合又はこの法律若しくは定款で定めた役員の員数を欠くこととなるときに備えて補欠の役員を選任することができる。

(3)　In adopting a resolution under paragraph (1), substitute officers may be elected as prescribed by Cabinet Office Order as a precaution against cases in which there are no officers (in case of a Company with Audit and Supervisory Committee, a director who is an Audit and Supervisory Committee Member or other director, or an accounting advisor; hereinafter the same applies in this paragraph) in office or where there is a vacancy which results in a shortfall in the number of officers prescribed by this Act or the articles of incorporation.

第五十三条　相互会社と役員及び会計監査人との関係は、委任に関する規定に従う。

Article 53　The relationship held by a Mutual Company with its officers and financial auditor are governed by the provisions on mandate.

第五十三条の二　次に掲げる者は、取締役となることができない。

Article 53-2　(1)　None of the following persons may act as a director:

２　監査等委員である取締役は、監査等委員会設置会社若しくはその実質子会社の業務執行取締役（相互会社にあっては第五十三条の十三第一項各号に掲げる取締役及び当該相互会社の業務を執行したその他の取締役をいい、株式会社にあっては会社法第三百六十三条第一項各号に掲げる取締役及び当該株式会社の業務を執行したその他の取締役をいう。以下同じ。）若しくは支配人その他の使用人又は当該実質子会社の会計参与（会計参与が法人であるときは、その職務を行うべき社員）若しくは執行役を兼ねることができない。

(2)　A director who is an Audit and Supervisory Committee Member may not concurrently serve as an executive director (in case of a Mutual Company, meaning a director listed in the items of Article 53-13, paragraph (1) and other director who executed the business of the relevant Mutual Company, and in case of a Stock Company, meaning a director listed in the items of Article 363, paragraph (1) of the Companies Act and other director who executed the business of the relevant Stock Company; the same applies hereinafter), manager or any other employee of a Company with Audit and Supervisory Committee or its Substantive Subsidiary Companies, or as an accounting advisor (or, where the accounting advisor is a corporation, any member of that corporation who is supposed to carry out relevant duties) or executive officer of the relevant Substantive Subsidiary Companies.

３　指名委員会等設置会社の取締役は、当該指名委員会等設置会社の支配人その他の使用人を兼ねることができない。

(3)　A director of a Company with Nominating Committee, etc. may not concurrently serve as a manager or any other employee of such Company with Nominating Committee, etc.

４　相互会社においては、取締役は、三人以上でなければならない。

(4)　A Mutual Company must have three or more directors.

５　監査等委員会設置会社においては、監査等委員である取締役は、三人以上で、その過半数は、社外取締役（相互会社の取締役であって、次に掲げる要件のいずれにも該当するものをいう。以下同じ。）でなければならない。

(5)　A Company with Audit and Supervisory Committee is to have at least three directors who are Advisory Committee Members, and the majority of such directors must be Outside Directors (meaning a director of a Mutual Company who satisfies all of the following requirements; the same applies hereinafter):

第五十三条の三　取締役の任期は、選任後二年以内に終了する事業年度のうち最終のものに関する定時社員総会（総代会を設けているときは、定時総代会。以下この款において同じ。）の終結の時までとする。ただし、定款又は社員総会の決議によって、その任期を短縮することを妨げない。

Article 53-3　(1)　Directors' terms of office is to continue until the conclusion of the annual general meeting (or the annual member representatives meeting, where the company has a Member Representatives Meeting; hereinafter the same applies in this Subsection) for the last business year which ends within two years from the time of their election; provided, however, that this does not preclude the shortening of the their terms of office by the articles of incorporation or by a resolution of the general meeting.

２　監査等委員会設置会社の取締役（監査等委員であるものを除く。）についての前項の規定の適用については、同項中「二年」とあるのは、「一年」とする。

(2)　For the purpose of applying the provisions of the preceding paragraph to a director (excluding a director who is an Audit and Supervisory Committee Member) of a company with Audit and Supervisory Committee, the term "two years" in that paragraph is deemed to be replaced with "one year".

３　監査等委員である取締役の任期については、第一項ただし書の規定は、適用しない。

(3)　The proviso to paragraph (1) does not apply to the term of office of a director who is an Audit and Supervisory Committee Member.

４　第一項本文の規定は、定款によって、任期の満了前に退任した監査等委員である取締役の補欠として選任された監査等委員である取締役の任期を退任した監査等委員である取締役の任期の満了する時までとすることを妨げない。

(4)　The provisions of the main clause of paragraph (1) do not exclude a company from providing that the term of office of a director who is an Audit and Supervisory Committee Member elected as a substitute for a director who is an Audit and Supervisory Committee Member resigned before expiry of their term of office is to be until the time of expiry of the term of office of the relevant resigned director who is an Audit and Supervisory Committee Member.

５　指名委員会等設置会社の取締役についての第一項の規定の適用については、同項中「二年」とあるのは、「一年」とする。

(5)　For the purpose of applying the provisions of paragraph (1) to the directors of a Company with Nominating Committee, etc., the term "two years" in that paragraph is deemed to be replaced with "one year".

６　会社法第三百三十二条第七項（第三号を除く。）（取締役の任期）の規定は、相互会社の取締役の任期について準用する。この場合において、同項中「前各項」とあるのは、「保険業法第五十三条の三第一項から第五項まで」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(6)　The provisions of Article 332, paragraph (7) (excluding item (iii)) (Directors' terms of office) of the Companies Act apply mutatis mutandis to the terms of office of the directors of a Mutual Company. In this case, the term "preceding paragraphs" in that paragraph is deemed to be replaced with "Article 53-3, paragraphs (1) to (5) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の四　会社法第三百三十三条（会計参与の資格等）及び第三百三十四条（同条第一項において準用する同法第三百三十二条第二項及び第七項第三号を除く。）（会計参与の任期）の規定は、相互会社の会計参与について準用する。この場合において、必要な技術的読替えは、政令で定める。

Article 53-4　The provisions of Article 333 (Qualifications of Accounting Advisors) and Article 334 (excluding Article 332, paragraph (2) and Article 332, paragraph (7), item (iii) of the Companies Act as applied mutatis mutandis pursuant to Article 334, paragraph (1)) (Accounting Advisors' Terms of Office) of the Companies Act apply mutatis mutandis to the accounting advisors of a Mutual Company. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の五　第五十三条の二第一項の規定は、相互会社の監査役について準用する。この場合において、必要な技術的読替えは、政令で定める。

Article 53-5　(1)　The provisions of Article 53-2, paragraph (1) apply mutatis mutandis to the company auditors of a Mutual Company. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

２　監査役は、相互会社若しくはその実質子会社の取締役若しくは支配人その他の使用人又は当該実質子会社の執行役若しくは会計参与（会計参与が法人であるときは、その職務を行うべき社員）を兼ねることができない。

(2)　A company auditor of a Mutual Company may concurrently serve neither as a director, or manager or any other employee of that Mutual Company or its Substantive Subsidiary Companies, nor as an executive officer or accounting advisor (or, where the accounting advisor is a corporation, any member of that corporation who is supposed to carry out relevant duties) of such Substantive Subsidiary Companies.

３　監査役会設置会社においては、監査役は、三人以上で、そのうち半数以上は、社外監査役（相互会社の監査役であって、次に掲げる要件のいずれにも該当するものをいう。以下同じ。）でなければならない。

(3)　A company with a board of company auditors must have three or more company auditors, of whom half or more are to be outside company auditors (meaning those company auditors of a Mutual Company who falls under all of the following requirements; the same applies hereinafter):

第五十三条の六　監査役の任期は、選任後四年以内に終了する事業年度のうち最終のものに関する定時社員総会の終結の時までとする。

Article 53-6　(1)　Company auditors' terms of office continues until the conclusion of the annual general meeting for the last business year which ends within four years from the time of their election.

２　会社法第三百三十六条第三項及び第四項（第二号に係る部分に限る。）（監査役の任期）の規定は、相互会社の監査役について準用する。この場合において、同条第三項中「第一項」とあるのは「保険業法第五十三条の六第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 336, paragraphs (3) and (4) (limited to the segment pertaining to item (ii)) (Company Auditors' Terms of Office) of the Companies Act apply mutatis mutandis to the company auditors of a Mutual Company. In this case, the term "paragraph (1)" in paragraph (3) of that Article is deemed to be replaced with "Article 53-6, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の七　会社法第三百三十七条（会計監査人の資格等）並びに第三百三十八条第一項及び第二項（会計監査人の任期）の規定は相互会社の会計監査人について、同条第三項の規定は第五十三条の十四第五項に規定する相互会社以外の相互会社の会計監査人について、それぞれ準用する。この場合において、同法第三百三十七条第三項第一号中「第四百三十五条第二項」とあるのは「保険業法第五十四条の三第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-7　The provisions of Article 337 (Qualifications of financial auditor) and Article 338, paragraphs (1) and (2) (financial auditor's Terms of Office) of the Companies Act apply mutatis mutandis to the financial auditor of a Mutual Company; and the provisions of Article 338, paragraph (3) of that Act apply mutatis mutandis to the financial auditor of a Mutual Company other than that set forth in Article 53-14, paragraph (5), respectively. In this case, the term "Article 435, paragraph (2)" in Article 337, paragraph (3), item (i) of that Act is deemed to be replaced with "Article 54-3, paragraph (2) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の八　相互会社の役員及び会計監査人は、いつでも、社員総会の決議によって解任することができる。

Article 53-8　(1)　Officers and financial auditors of a Mutual Company may be dismissed at any time by a resolution of the general meeting.

２　前項の規定により解任された者は、その解任について正当な理由がある場合を除き、相互会社に対し、解任によって生じた損害の賠償を請求することができる。

(2)　A person dismissed pursuant to the provisions of the preceding paragraph is entitled to demand from the Mutual Company compensation for damage arising from the dismissal, except if there are justifiable reasons for such dismissal.

第五十三条の九　監査役は、会計監査人が次のいずれかに該当するときは、その会計監査人を解任することができる。

Article 53-9　(1)　The company auditor may dismiss a financial auditor if that financial auditor:

２　前項の規定による解任は、監査役が二人以上ある場合には、監査役の全員の同意によって行わなければならない。

(2)　Any dismissal pursuant to the provisions of the preceding paragraph must be effected by the unanimous consent of all company auditors, where the company has two or more company auditors.

３　第一項の規定により会計監査人を解任したときは、監査役（監査役が二人以上ある場合にあっては、監査役の互選によって定めた監査役）は、その旨及び解任の理由を解任後最初に招集される社員総会に報告しなければならない。

(3)　If an financial auditor is dismissed pursuant to the provisions of paragraph (1), the company auditor (or, where the company has two or more company auditors, a company auditor appointed from among themselves) must report such fact and the reason for dismissal to the first general meeting convened after the dismissal.

４　監査役会設置会社における前三項の規定の適用については、第一項中「監査役」とあるのは「監査役会」と、第二項中「監査役が二人以上ある場合には、監査役」とあるのは「監査役」と、前項中「監査役（監査役が二人以上ある場合にあっては、監査役の互選によって定めた監査役）」とあるのは「監査役会が選定した監査役」とする。

(4)　For the purpose of applying the provisions of the preceding three paragraphs to a company with a board of company auditors, the term "company auditor" in paragraph (1) is deemed to be replaced with "board of company auditors"; the term "company auditors, where the company has two or more company auditors" in paragraph (2) is deemed to be replaced with "company auditors"; and the term "company auditor (or, where the company has two or more company auditors, a company auditor appointed from among themselves)" in the preceding paragraph is deemed to be replaced with "company auditor appointed by the board of company auditors".

５　監査等委員会設置会社における第一項から第三項までの規定の適用については、第一項中「監査役」とあるのは「監査等委員会」と、第二項中「監査役が二人以上ある場合には、監査役」とあるのは「監査等委員」と、第三項中「監査役（監査役が二人以上ある場合にあっては、監査役の互選によって定めた監査役）」とあるのは「監査等委員会が選定した監査等委員」とする。

(5)　For the purpose of applying the provisions of paragraphs (1) to (3) to a Company with Audit and Supervisory Committee, the term "company auditor" in paragraph (1) is deemed to be replaced with "Audit and Supervisory Committee", the phrase "company auditors, where the company has two or more company auditors" in paragraph (2) is deemed to be replaced with "Advisory Committee Members", the phase "the company auditor (or, where the company has two or more company auditors, a company auditor appointed from among themselves)" in paragraph (3) is deemed to be replaced with "the Audit and Supervisory Committee Member".

６　指名委員会等設置会社における第一項から第三項までの規定の適用については、第一項中「監査役」とあるのは「監査委員会」と、第二項中「監査役が二人以上ある場合には、監査役」とあるのは「監査委員」と、第三項中「監査役（監査役が二人以上ある場合にあっては、監査役の互選によって定めた監査役）」とあるのは「監査委員会が選定した監査委員」とする。

(6)　For the purpose of applying the provisions of paragraphs (1) to (3) to a company with Nominating Committee, etc., the term "company auditor" in paragraph (1) is deemed to be replaced with "audit committee"; the term "company auditors, where the company has two or more company auditors" in paragraph (2) is deemed to be replaced with "Audit Committee Members"; and the term "company auditor (or, where the company has two or more company auditors, a company auditor appointed from among themselves)" in paragraph (3) is deemed to be replaced with "audit committee member appointed by the committee".

第五十三条の十　第三十七条の三第一項及び第四十四条第一項の規定にかかわらず、役員を選任し、又は解任する社員総会の決議は、社員（総代会を設けているときは、総代）の半数以上（三分の一以上の割合を定款で定めた場合にあっては、その割合以上）が出席し、その議決権の過半数（これを上回る割合を定款で定めた場合にあっては、その割合以上）をもって行う。

Article 53-10　(1)　Notwithstanding the provisions of Article 37, paragraph (1) and Article 44, paragraph (1), resolutions of the general meeting for the election or dismissal of officers are adopted by the majority vote (or any larger proportion prescribed by the articles of incorporation) of the attending members (or, where the company has a Member Representatives Meeting, representative members) at a session where at least half (or any other proportion larger than one third prescribed by the articles of incorporation) of the members (or representative members) are present.

２　前項の規定にかかわらず、監査等委員である取締役又は監査役の解任の決議をする場合には、第六十二条第二項に定める決議によらなければならない。

(2)　Notwithstanding the provisions of the preceding paragraph, in a case where the dismissal of a director who is an Audit and Supervisory Committee Member or a company auditor is to be resolved, it must be adopted by a resolution set forth in Article 62, paragraph (2).

第五十三条の十一　会社法第三百四十二条の二第一項から第三項まで（監査等委員である取締役等の選任等についての意見の陳述）の規定は相互会社の監査等委員である取締役の選任若しくは解任又は辞任についての意見の陳述について、同条第四項の規定は相互会社の監査等委員である取締役以外の取締役の選任若しくは解任又は辞任についての意見の陳述について、同法第三百四十三条（第四項を除く。）（監査役の選任に関する監査役の同意等）の規定は相互会社の監査役の選任について、同法第三百四十四条（会計監査人の選任等に関する議案の内容の決定）の規定は相互会社の会計監査人の選任について、同法第三百四十四条の二（第三項を除く。）（監査等委員である取締役の選任に関する監査等委員会の同意等）の規定は相互会社の監査等委員である取締役の選任について、同法第三百四十五条（会計参与等の選任等についての意見の陳述）の規定は相互会社の会計参与、監査役又は会計監査人の選任若しくは解任又は辞任についての意見の陳述について、それぞれ準用する。この場合において、同条第三項中「第二百九十八条第一項第一号」とあるのは「保険業法第四十一条第一項又は第四十九条第一項において準用する第二百九十八条第一項第一号」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-11　The provisions of Article 342-2, paragraphs (1) to (3) (Statement of Opinions on the Election of a Director, etc. who is an Audit and Supervisory Committee Member) of the Companies Act apply mutatis mutandis to statement of opinions on election, dismissal or resignation of a director who is an Audit and Supervisory Committee Member of a Mutual Company; the provisions of paragraph (4) of that Article apply mutatis mutandis to statement of opinions on election, dismissal or resignation of a director who is not an Audit and Supervisory Committee Member of a Mutual Company; the provisions of Article 343 (Consent of Company Auditors to Election of Company Auditors) (excluding paragraph (4)) of that Act apply mutatis mutandis to the election of the company auditors of a Mutual Company; the provisions of Article 344 (Determination of Content of Proposal on the Election, etc. of financial auditor) of that Act apply mutatis mutandis to the election of the financial auditor of a Mutual Company; the provisions of Article 344-2 (Consent of the Audit and Supervisory Committee to the Election of Directors who are Audit and Supervisory Committee Members) (excluding paragraph (3)) of that Act apply mutatis mutandis to election of a director who is an Audit and Supervisory Committee Member of a Mutual Company; and the provisions of Article 345 (Statement of Opinions on Election of Accounting Advisors, etc.) of that Act apply mutatis mutandis to the statement of opinions regarding the election or dismissal, or resignation of the accounting advisors, company auditors or financial auditor of a Mutual Company. In this case, the term "Article 298, paragraph (1), item (i)" in paragraph (3) of that Article is deemed to be replaced with "Article 298, paragraph (1), item (i) as applied mutatis mutandis pursuant to Article 41, paragraph (1) or Article 49, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の十二　役員（監査等委員会設置会社にあっては、監査等委員である取締役若しくはそれ以外の取締役又は会計参与。以下この条において同じ。）が欠けた場合又はこの法律若しくは定款で定めた役員の員数が欠けた場合には、任期の満了又は辞任により退任した役員は、新たに選任された役員（次項の一時役員の職務を行うべき者を含む。）が就任するまで、なお役員としての権利義務を有する。

Article 53-12　(1)　Where a Mutual Company has no officers (in the case of a Company with Audit and Supervisory Committee, a director who is an Audit and Supervisory Committee Member or other director, or financial auditor; hereinafter the same applies in this Article) or where there any vacancies among the officers which results in a shortfall in the number of officers prescribed by this Act or the articles of incorporation, an officer who retired from office due to the expiration of their term of office or resignation is to retain the rights and obligations of an officer until a newly elected officer (including a person who is to temporarily carry out the duties of an officer under the following paragraph) assumes their office.

２　前項に規定する場合において、裁判所は、必要があると認めるときは、利害関係人の申立てにより、一時役員の職務を行うべき者を選任することができる。

(2)　In the case prescribed in the preceding paragraph, the court may, if it finds necessary, appoint a person to temporarily carry out the duties of an officer, in response to a petition filed by any interested party.

３　裁判所は、前項の一時役員の職務を行うべき者を選任した場合には、相互会社がその者に対して支払う報酬の額を定めることができる。

(3)　The court may, if it has appointed a person to temporarily carry out the duties of an officer under the preceding paragraph, specify the amount of the remuneration to be paid thereto by the Mutual Company.

４　会計監査人が欠けた場合又は定款で定めた会計監査人の員数が欠けた場合において、遅滞なく会計監査人が選任されないときは、監査役は、一時会計監査人の職務を行うべき者を選任しなければならない。

(4)　Where a Mutual Company has no financial auditor or where any vacancy occurs resulting in a shortfall in the number of financial auditors prescribed by the articles of incorporation, and a financial auditor is not elected immediately, the company auditor must appoint a person to temporarily carry out the duties of a financial auditor.

５　第五十三条の七において準用する会社法第三百三十七条の規定及び第五十三条の九の規定は、前項の一時会計監査人の職務を行うべき者について準用する。この場合において、必要な技術的読替えは、政令で定める。

(5)　The provisions of Article 337 of the Companies Act as applied mutatis mutandis pursuant to Article 53-7 and the provisions of Article 53-9 apply mutatis mutandis to the person who is to temporarily carry out the duties of a financial auditor under the preceding paragraph. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

６　監査役会設置会社における第四項の規定の適用については、同項中「監査役」とあるのは、「監査役会」とする。

(6)　For the purpose of applying the provisions of paragraph (4) to a company with a board of company auditors, the term "company auditor" in that paragraph is deemed to be replaced with "board of company auditors".

７　監査等委員会設置会社における第四項の規定の適用については、同項中「監査役」とあるのは、「監査等委員会」とする。

(7)　For the purpose of applying the provisions of paragraph (4) to a company with Audit and Supervisory Committee, the term "company auditor" in that paragraph is deemed to be replaced with "Audit and Supervisory Committee".

８　指名委員会等設置会社における第四項の規定の適用については、同項中「監査役」とあるのは、「監査委員会」とする。

(8)　For the purpose of applying the provisions of paragraph (4) to a Company with Nominating Committee, etc., the term "company auditor" in that paragraph is deemed to be replaced with "audit committee".

９　会社法第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は、第二項及び第三項の場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(9)　The provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to item (i)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act), Article 876 (Supreme Court Rules) and Article 937, paragraph (1) (limited to the segment pertaining to item (ii), (a) and (c)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to paragraphs (2) and (3). In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の十三　次に掲げる取締役は、相互会社の業務を執行する。

Article 53-13　(1)　The following directors execute the business of the Mutual Company:

２　前項各号に掲げる取締役は、三月に一回以上、自己の職務の執行の状況を取締役会に報告しなければならない。

(2)　The directors listed in the items of the preceding paragraph must report the status of the execution of their duties to the board of directors at least once in every three months.

第五十三条の十四　取締役会は、すべての取締役で組織する。

Article 53-14　(1)　A board of directors is composed of all of the directors.

２　取締役会は、次に掲げる職務を行う。

(2)　The board of directors is to carry out the following duties:

３　取締役会は、取締役の中から代表取締役を選定しなければならない。

(3)　The board of directors must appoint the representative director from among the directors.

４　取締役会は、次に掲げる事項その他の重要な業務執行の決定を取締役に委任することができない。

(4)　The board of directors may not delegate decisions on the execution of important business, such as the following particulars, to directors:

５　保険会社である相互会社及び第二百七十二条の四第一項第一号ロに掲げる相互会社においては、取締役会は、前項第六号に掲げる事項を決定しなければならない。

(5)　In a Mutual Company that is an Insurance Company and a Mutual Company listed in Article 272-4, paragraph (1), item (i), (b), the board of directors must decide on the particulars listed in item (vi) of the preceding paragraph.

第五十三条の十五　会社法第三百五十条（代表者の行為についての損害賠償責任）、第三百五十二条（取締役の職務を代行する者の権限）、第三百五十四条から第三百五十七条まで（表見代表取締役、忠実義務、競業及び利益相反取引の制限、取締役の報告義務）、第三百五十八条（第一項第二号を除く。）（業務の執行に関する検査役の選任）、第三百五十九条（裁判所による株主総会招集等の決定）、第三百六十条第一項（株主による取締役の行為の差止め）、第三百六十一条（取締役の報酬等）及び第三百六十五条第二項（競業及び取締役会設置会社との取引等の制限）の規定は相互会社の取締役について、同法第三百四十九条第四項及び第五項（株式会社の代表）並びに第三百五十一条（代表取締役に欠員を生じた場合の措置）の規定は相互会社の代表取締役について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号及び第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は相互会社の取締役又は代表取締役について、同法第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は相互会社の代表取締役について、それぞれ準用する。この場合において、同法第三百五十六条第一項中「株主総会」とあるのは「取締役会」と、同法第三百五十八条第一項中「株主は」とあるのは「社員又は総代は」と、同項第一号中「総株主（株主総会において決議をすることができる事項の全部につき議決権を行使することができない株主を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する株主」とあるのは「社員総数の千分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員又は三千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、保険業法第三十八条第一項に規定する政令で定める数以上の社員）で六箇月（これを下回る期間を定款で定めた場合にあっては、その期間）前から引き続いて社員である者（総代会を設けているときは、これらの者又は九名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代）」と、同条第七項中「株主」とあるのは「社員又は総代」と、同法第三百五十九条第一項第二号中「株主」とあるのは「社員（総代会を設けているときは、総代）」と、同法第三百六十条第一項中「株式を有する株主」とあるのは「社員である者」と、「著しい損害」とあるのは「回復することができない損害」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-15　The provisions of Article 350 (Liability for Damages Caused by Directors' Actions), Article 352 (Authority of Persons Who Perform Duties on Behalf of Directors), Articles 354 to 357 (Apparent Representative Directors, Duty of Loyalty, Restrictions on Competition and Conflict of Interest Transactions, Director's Duty to Report), Article 358 (excluding paragraph (1), item (ii)) (Election of Inspector of Execution of Operation), Article 359 (Decision by the Court to Call a Shareholders' Meeting), Article 360, paragraph (1) (Prohibition of Directors' Actions by the Shareholders), Article 361 (Remuneration for Directors) and Article 365, paragraph (2) (Restrictions on Competition and Transactions with Companies with a Board of Directors) of the Companies Act apply mutatis mutandis to the directors of a Mutual Company; the provisions of Article 349, paragraphs (4) and (5) (Representatives of Companies), and Article 351 (Measures When Vacancy Arises in the Office of a Representative Director) of that Act apply mutatis mutandis to the representative director of a Mutual Company; the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of Reasons), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to items (i) and (iv)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to the directors or representative director of a Mutual Company; and the provisions of Article 937, paragraph (1) (limited to the segment pertaining to item (ii), (a) and (c)) (Commissioning of Registration by Judicial Decision) of that Act apply mutatis mutandis to the representative director of a Mutual Company. In this case, the term "shareholders' meeting" in Article 356, paragraph (1) of that Act is deemed to be replaced with "board of directors"; the term "shareholders" in Article 358, paragraph (1) of that Act is deemed to be replaced with "members or representative members"; the term "Shareholders who hold not less than 3 percent of the voting rights (or, if a lesser proportion is prescribed in the articles of incorporation, such proportion) of all shareholders (excluding shareholders who may not exercise their voting rights on all matters which may be resolved at shareholders' meetings)" in Article 358, paragraph (1), item (i) of that Act is deemed to be replaced with "Members representing at least three thousandths (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or three thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 38, paragraph (1) of the Insurance Business Act), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation) (or, where the company has a Member Representatives Meeting, those persons, or nine (or any other smaller number prescribed by the articles of incorporation) or more representative members)"; the term "shareholders" in Article 358, paragraph (7) is deemed to be replaced with "members or representative members"; the term "shareholders" in Article 359, paragraph (1), item (ii) of that Act is deemed to be replaced with "members (or, where the company has a Member Representatives Meeting, representative members)"; and the terms "shareholders having the shares" and "substantial detriment" in Article 360, paragraph (1) of that Act is deemed to be replaced with "persons who have been members" and "irreparable damage", respectively; any other necessary technical replacement of terms is prescribed by Cabinet Order.

第五十三条の十六　会社法第二編第四章第五節第二款（第三百六十七条並びに第三百七十一条第三項及び第五項を除く。）（運営）の規定は相互会社の取締役会の運営について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第二項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十条の二（申立書の写しの送付等）、第八百七十一条本文（理由の付記）、第八百七十二条（第五号に係る部分に限る。）（即時抗告）、第八百七十二条の二（抗告状の写しの送付等）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定はこの条において読み替えて準用する同法第三百七十一条第二項又は第四項の規定による許可の申立てについて、それぞれ準用する。この場合において、同法第三百七十一条第二項（議事録等）中「株主」とあるのは「社員（総代会を設けているときは、総代）」と、「株式会社の営業時間内は、いつでも」とあるのは「裁判所の許可を得て」と、同条第六項中「親会社若しくは子会社」とあるのは「保険業法第三十三条の二第一項に規定する実質子会社」と、同法第三百七十二条第二項及び第三項（取締役会への報告の省略）中「第三百六十三条第二項」とあるのは「保険業法第五十三条の十三第二項」と、同条第三項中「第四百十七条第四項」とあるのは「保険業法第五十三条の三十第五項において準用する第四百十七条第四項」と、同法第三百七十三条第一項（特別取締役による取締役会の決議）中「第三百九十九条の十三第五項」とあるのは「保険業法第五十三条の二十三の三第五項」と、「第三百六十二条第四項第一号及び第二号又は第三百九十九条の十三第四項第一号及び第二号」とあるのは「同法第五十三条の十四第四項第一号及び第二号又は第五十三条の二十三の三第四項第一号及び第二号」と、同条第二項中「第三百六十二条第四項第一号及び第二号又は第三百九十九条の十三第四項第一号及び第二号」とあるのは「保険業法第五十三条の十四第四項第一号及び第二号又は第五十三条の二十三の三第四項第一号及び第二号」と、同条第四項中「第三百九十九条の十四」とあるのは「保険業法第五十三条の二十三の三第七項において準用する第三百九十九条の十四」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-16　The provisions of Part II, Chapter IV, Section 5, Subsection 2 (excluding Article 367, and Article 371, paragraphs (3) and (5)) (Operations) of the Companies Act apply mutatis mutandis to the management of the board of directors of a Mutual Company; and the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (2) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 870-2 (Forwarding Copy of Petition and other procedures), the main clause of Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (v)) (Immediate Appeal), Article 872-2 (Forwarding Copy of Petition for Immediate Appeal and other procedures), the main clause of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to an application for permission under Article 371, paragraph (2) or (4) of that Act as applied mutatis mutandis pursuant to this Article following the deemed replacement of terms. In this case, the terms "shareholder" and "at any time during the business hours of a Stock Company" in Article 371, paragraph (2) (Minutes) of that Act is deemed to be replaced with "member (or, where the company has a Member Representatives Meeting, such representative members)" and "with the permission of the court", respectively; the term "Parent Company or Subsidiary Company" in Article 371, paragraph (6) is deemed to be replaced with "Substantive Subsidiary Companies as defined in Article 33-2, paragraph (1) of the Insurance Business Act"; the term "Article 363, paragraph (2)" in Article 372, paragraphs (2) and (3) (Omission of Report to Board of Directors) of that Act is deemed to be replaced with "Article 53-13, paragraph (2) of the Insurance Business Act"; the term "Article 417, paragraph (4)" in Article 372, paragraph (3) is deemed to be replaced with "Article 417, paragraph (4) as applied mutatis mutandis pursuant to Article 53-30, paragraph (5) of the Insurance Business Act"; the term "Article 399-13, paragraph (5)" in Article 373, paragraph (1) (Resolution of board of directors by special directors) of that Act is deemed to be replaced with "Article 53-23-3, paragraph (5) of the Insurance Business Act"; the term Article 362, paragraph (4), items (i) and (ii) or Article 399-13, paragraph (4), items (i) and (ii) " is deemed to be replaced with "Article 53-14, paragraph (4), items (i) and (ii) or Article 53-23-3, paragraph (4), items (i) and (ii) of that Act"; the term "Article 362, paragraph (4), items (i) and (ii) or Article 399-13, paragraph (4), items (i) and (ii)" in paragraph (2) of that Article is deemed to be replaced with "Article 53-14, paragraph (4), items (i) and (ii) or Article 53-23-3, paragraph (4), items (i) and (ii) of the Insurance Business Act"; and the term "Article 399-14" in paragraph (4) of that Article is deemed to be replaced with "Article 399-14 as applied mutatis mutandis pursuant to Article 53-23-3, paragraph (7) of the Insurance Business Act", and any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の十七　会社法第二編第四章第六節（第三百七十八条第一項第二号及び第三項を除く。）（会計参与）の規定は、相互会社の会計参与について準用する。この場合において、同法第三百七十四条第一項（会計参与の権限）中「第四百三十五条第二項」とあるのは「保険業法第五十四条の三第二項」と、「附属明細書、臨時計算書類（第四百四十一条第一項に規定する臨時計算書類をいう。以下この章において同じ。）」とあるのは「附属明細書」と、「第四百四十四条第一項」とあるのは「保険業法第五十四条の十第一項」と、同条第五項中「第三百三十三条第三項第二号又は第三号」とあるのは「保険業法第五十三条の四において準用する第三百三十三条第三項第二号又は第三号」と、同法第三百七十六条第一項（取締役会への出席）中「第四百三十六条第三項、第四百四十一条第三項又は第四百四十四条第五項」とあるのは「保険業法第五十四条の四第三項又は第五十四条の十第五項」と、同条第三項中「第三百六十八条第二項」とあるのは「保険業法第五十三条の十六において準用する第三百六十八条第二項」と、同法第三百七十八条第一項第一号（会計参与による計算書類等の備置き等）中「第三百十九条第一項」とあるのは「保険業法第四十一条第一項において準用する第三百十九条第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-17　The provisions of Part II, Chapter IV, Section 6 (excluding Article 378, paragraph (1), item (ii) and Article 378, paragraph (3)) (Accounting Advisors) of the Companies Act apply mutatis mutandis to the accounting advisors of a Mutual Company. In this case, the terms "Article 435, paragraph (2)", "supplementary schedules thereof, the Temporary Financial Statements (referring to the Temporary Financial Statements provided for in Article 441, paragraph (1), hereinafter the same apply in this Chapter)" and "Article 444, paragraph (1)" in Article 374, paragraph (1) (Authority of Accounting Advisors) of that Act is deemed to be replaced with "Article 54-3, paragraph (2) of the Insurance Business Act", "annex detailed statement thereto" and "Article 54-10, paragraph (1) of the Insurance Business Act", respectively; the term "Article 333, paragraph (3), item (ii) or (iii)" in Article 374, paragraph (5) is deemed to be replaced with "Article 333, paragraph (3), item (ii) or (iii) as applied mutatis mutandis pursuant to Article 53-4 of the Insurance Business Act"; the term "Article 436, paragraph (3), Article 441, paragraph (3) or Article 444, paragraph (5)" in Article 376, paragraph (1) (Attendance at board of directors meetings) of that Act is deemed to be replaced with "Article 54-4, paragraph (3) or Article 54-10, paragraph (5) of the Insurance Business Act"; the term "Article 368, paragraph (2)" in Article 376, paragraph (3) of that Act is deemed to be replaced with "Article 368, paragraph (2) as applied mutatis mutandis pursuant to Article 53-16 of the Insurance Business Act"; and the term "Article 319, paragraph (1)" in Article 378, paragraph (1), item (i) (Retention and Inspection of Financial Statements by Accounting Advisors) of that Act is deemed to be replaced with "Article 319, paragraph (1) as applied mutatis mutandis pursuant to Article 41, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の十八　監査役は、取締役（会計参与設置会社にあっては、取締役及び会計参与）の職務の執行を監査する。この場合において、監査役は、内閣府令で定めるところにより、監査報告を作成しなければならない。

Article 53-18　(1)　The company auditors are to audit the execution of duties by directors (or, in a company with accounting Advisor, directors and accounting advisors). In this case, the company auditors must prepare audit reports pursuant to the provisions of Cabinet Office Order.

２　監査役は、いつでも、取締役及び会計参与並びに支配人その他の使用人に対して事業の報告を求め、又は相互会社の業務及び財産の状況を調査することができる。

(2)　The company auditors may at any time request a business report from the directors and accounting advisors, managers and other employees, or investigate the status of the business and property of the Mutual Company.

３　監査役は、その職務を行うため必要があるときは、相互会社の実質子会社に対して事業の報告を求め、又はその実質子会社の業務及び財産の状況を調査することができる。

(3)　If it is necessary for the purpose of carrying out their duties, the company auditors may request a business report from a Substantive Subsidiary Companies of the Mutual Company, or investigate the status of the business and property of such Substantive Subsidiary Companies.

４　前項の実質子会社は、正当な理由があるときは、同項の報告又は調査を拒むことができる。

(4)　The Substantive Subsidiary Companies set forth in the preceding paragraph may refuse to submit reports or undergo investigation as set forth in that paragraph if there are justifiable grounds for it to do so.

第五十三条の十九　監査役会は、すべての監査役で組織する。

Article 53-19　(1)　The board of company auditors is to be composed of all company auditors.

２　監査役会は、次に掲げる職務を行う。ただし、第三号の決定は、監査役の権限の行使を妨げることはできない。

(2)　The board of company auditors is to carry out the following duties; provided, however, that a decision under item (iii) may not preclude company auditors from exercising their authority:

３　監査役会は、監査役の中から常勤の監査役を選定しなければならない。

(3)　The board of company auditors must appoint full-time company auditors from among the company auditors.

４　監査役は、監査役会の求めがあるときは、いつでもその職務の執行の状況を監査役会に報告しなければならない。

(4)　The company auditors must report the status of the execution of their duties to the board of company auditors whenever the latter so requests.

第五十三条の二十　会社法第三百八十二条から第三百八十五条まで（取締役への報告義務、取締役会への出席義務等、株主総会に対する報告義務、監査役による取締役の行為の差止め）、第三百八十六条（第一項第二号及び第三号並びに第二項第三号及び第四号を除く。）（監査役設置会社と取締役との間の訴えにおける会社の代表等）、第三百八十七条（監査役の報酬等）及び第三百八十八条（費用等の請求）の規定は、相互会社の監査役について準用する。この場合において、同法第三百八十三条第一項中「第三百七十三条第一項」とあるのは「保険業法第五十三条の十六において準用する第三百七十三条第一項」と、同条第二項中「第三百六十六条第一項ただし書」とあるのは「保険業法第五十三条の十六において準用する第三百六十六条第一項ただし書」と、同条第四項中「第三百七十三条第二項」とあるのは「保険業法第五十三条の十六において準用する第三百七十三条第二項」と、同法第三百八十六条第一項中「第三百四十九条第四項、第三百五十三条及び第三百六十四条」とあり、及び同条第二項中「第三百四十九条第四項」とあるのは「保険業法第五十三条の十五において準用する第三百四十九条第四項」と、同項第一号中「第八百四十七条第一項、第八百四十七条の二第一項若しくは第三項（同条第四項及び第五項において準用する場合を含む。）又は第八百四十七条の三第一項の規定による請求」とあるのは「保険業法第五十三条の三十七において準用する第八百四十七条第一項の訴えの提起の請求」と、同項第二号中「第八百四十九条第四項」とあるのは「保険業法第五十三条の三十七において準用する第八百四十九条第四項」と、「第八百五十条第二項」とあるのは「保険業法第五十三条の三十七において準用する第八百五十条第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-20　The provisions of Articles 382 to 385 (Duty to Report to Directors, Duty to Attend Board of Directors Meetings, Duty to Report to Shareholders' Meetings, Prohibition of Directors' Actions by the Company Auditors), Article 386 (excluding paragraph (1), items (ii) and (iii), and paragraph (2), items (iii) and (iv)) (Representation of Company in Actions between Company with Auditors and Directors), Article 387 (Remunerations for Company Auditors) and Article 388 (Requests for Indemnification of Expenses) of the Companies Act apply mutatis mutandis to the company auditors of a Mutual Company. In this case, the term "Article 373, paragraph (1)" in Article 383, paragraph (1) of that Act is deemed to be replaced with "Article 373, paragraph (1) as applied mutatis mutandis pursuant to Article 53-16 of the Insurance Business Act"; the term "proviso to Article 366, paragraph (1)" in Article 383, paragraph (2) is deemed to be replaced with "proviso to Article 366, paragraph (1) as applied mutatis mutandis pursuant to Article 53-16 of the Insurance Business Act"; the term "Article 373, paragraph (2)" in Article 383, paragraph (4) is deemed to be replaced with "Article 373, paragraph (2) as applied mutatis mutandis pursuant to Article 53-16 of the Insurance Business Act"; the term "Article 349, paragraph (4), Article 353 and Article 364" in Article 386, paragraph (1) of that Act and the term "Article 349, paragraph (4)" in Article 386, paragraph (2) is deemed to be replaced with "Article 349, paragraph (4) as applied mutatis mutandis pursuant to Article 53-15 of the Insurance Business Act"; the term "a request (limited to a request to file an action to pursue the liabilities of directors) pursuant to the provisions of Article 847, paragraph (1), Article 847-2, paragraph (1) or (3) (including cases where it is applied mutatis mutandis pursuant to paragraph (4) and (5) of the relevant Article), or Article 847-3, paragraph (1)" in Article 386, paragraph (2), item (i) of that Act is deemed to be replaced with "a request for institution of action under Article 847, paragraph (1) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act"; and the terms "Article 849, paragraph (4)" and "Article 850, paragraph (2)" in Article 386, paragraph (2), item (ii) of that Act is deemed to be replaced with "Article 849, paragraph (4) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act" and "Article 850, paragraph (2) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act", respectively; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十一　会社法第二編第四章第八節第二款（運営）の規定は相互会社の監査役会の運営について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第二項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十条の二（申立書の写しの送付等）、第八百七十一条本文（理由の付記）、第八百七十二条（第五号に係る部分に限る。）（即時抗告）、第八百七十二条の二（抗告状の写しの送付等）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定はこの条において準用する同法第三百九十四条第二項（同条第三項において準用する場合を含む。以下この条において同じ。）の規定による許可の申立てについて、それぞれ準用する。この場合において、同法第三百九十四条第二項（議事録）中「株主」とあるのは「社員（総代会を設けているときは、総代）」と、同条第三項中「役員の責任を追及するため必要があるとき及び親会社社員がその権利を行使するため必要があるとき」とあるのは「役員の責任を追及するため必要があるとき」と、同条第四項中「親会社若しくは子会社」とあるのは「保険業法第三十三条の二第一項に規定する実質子会社」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-21　The provisions of Part II, Chapter IV, Section 8, Subsection 2 (Operations) of the Companies Act apply mutatis mutandis to the management of the board of company auditors of a Mutual Company; and the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (2) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 870-2 (Forwarding Copy of Petition and other procedures), the main clause of Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (v)) (Immediate Appeal), Article 872-2 (Forwarding Copy of Petition for Immediate Appeal and other procedures), the main clause of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to the application for permission under Article 394, paragraph (2) of that Act (including the cases where it is applied mutatis mutandis pursuant to Article 394, paragraph (3); hereinafter the same applies in this Article) as applied mutatis mutandis pursuant to this Article. In this case, the term "shareholder" in Article 394, paragraph (2) (Minutes) of that Act is deemed to be replaced with "member (or, where the company has a Member Representatives Meeting, representative member)"; the term "and to the cases where it is necessary for the purpose of exercising the rights of a Member of the Parent Company" in Article 394, paragraph (3) is deemed to be deleted; and the term "Parent Company or Subsidiary Company" in Article 394, paragraph (4) is deemed to be replaced with "Substantive Subsidiary Companies as defined in Article 33-2, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十二　会計監査人は、次款の定めるところにより、相互会社の計算書類（第五十四条の三第二項に規定する計算書類をいう。以下この款において同じ。）及びその附属明細書並びに連結計算書類（第五十四条の十第一項に規定する連結計算書類をいう。）を監査する。この場合において、会計監査人は、内閣府令で定めるところにより、会計監査報告を作成しなければならない。

Article 53-22　(1)　The financial auditor audits the financial statements (meaning the financial statements as defined in Article 54-3, paragraph (2); hereinafter the same applies in this Subsection), annexed detailed statements thereto and consolidated financial statements (meaning the consolidated financial statements as defined in Article 54-10, paragraph (1)) of the Mutual Company pursuant to the provisions of the following Subsection. In this case, the financial auditor must prepare financial audit reports pursuant to the provisions of Cabinet Office Order.

２　会計監査人は、いつでも、次に掲げるものの閲覧及び謄写をし、又は取締役及び会計参与並びに支配人その他の使用人に対し、会計に関する報告を求めることができる。

(2)　The financial auditor may at any time inspect and copy the following materials or request reports on accounting from the directors and accounting advisors and managers or other employees:

３　会計監査人は、その職務を行うため必要があるときは、会計監査人設置会社（会計監査人を置く株式会社又は相互会社をいう。以下同じ。）の実質子会社に対して会計に関する報告を求め、又は会計監査人設置会社若しくはその実質子会社の業務及び財産の状況の調査をすることができる。

(3)　If it is necessary for the purpose of carrying out their duties, the financial auditor may request a report on accounting from a Substantive Subsidiary Companies of the company with financial auditor, or investigate the status of the business and property of the company with financial auditor or such Substantive Subsidiary Companies.

４　前項の実質子会社は、正当な理由があるときは、同項の報告又は調査を拒むことができる。

(4)　The Substantive Subsidiary Companies set forth in the preceding paragraph may refuse to submit a report or undergo investigation as set forth in that paragraph if there are justifiable grounds for it to do so.

５　会計監査人は、その職務を行うに当たっては、次のいずれかに該当する者を使用してはならない。

(5)　The financial auditor must not employ a person falling under any of the following items in carrying out their duties:

６　相互会社が指名委員会等設置会社である場合における第二項の規定の適用については、同項中「取締役」とあるのは、「取締役、執行役」とする。

(6)　For the purpose of applying the provisions of paragraph (2) to a Mutual Company that is a company with Nominating Committee, etc., the term "directors" in that paragraph is deemed to be replaced with "directors, executive officers".

第五十三条の二十三　会社法第三百九十七条から第三百九十九条まで（監査役に対する報告、定時株主総会における会計監査人の意見の陳述、会計監査人の報酬等の決定に関する監査役の関与）の規定は、相互会社の会計監査人について準用する。この場合において、同法第三百九十八条第一項中「第三百九十六条第一項」とあるのは「保険業法第五十三条の二十二第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-23　The provisions of Articles 397 to 399 (Report to Company Auditors, Statement of Opinions at the Annual Shareholders' Meeting, Involvement of Company Auditors in Decision on Remunerations for Financial Auditor) of the Companies Act apply mutatis mutandis to the financial auditor of a Mutual Company. In this case, the term "Article 396, paragraph (1)" in Article 398, paragraph (1) of that Act is deemed to be replaced with "Article 53-22, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十三の二　監査等委員会は、全ての監査等委員で組織する。

Article 53-23-2　(1)　An Audit and Supervisory Committee is organized by all Audit and Supervisory Committee Members.

２　監査等委員は、取締役でなければならない。

(2)　Audit and Supervisory Committee Members must be directors.

３　監査等委員会は、次に掲げる職務を行う。

(3)　An Audit and Supervisory Committee performs the following duties:

４　監査等委員がその職務の執行（監査等委員会の職務の執行に関するものに限る。以下この項において同じ。）について監査等委員会設置会社に対して次に掲げる請求をしたときは、当該監査等委員会設置会社は、当該請求に係る費用又は債務が当該監査等委員の職務の執行に必要でないことを証明した場合を除き、これを拒むことができない。

(4)　If Audit and Supervisory Committee Members make the following requests to a Company with Audit and Supervisory Committee with respect to the execution of their duties (limited to those related to the execution of duties of the Audit and Supervisory Committee; hereinafter the same applies in this paragraph), the relevant Company with Audit and Supervisory Committee may not refuse the relevant request except if it proves that the expense or debt relating to the relevant request is not necessary for the execution of the duties of the relevant Audit and Supervisory Committee Members:

５　会社法第三百九十九条の三から第三百九十九条の六まで（監査等委員会による調査、取締役会への報告義務、株主総会に対する報告義務、監査等委員による取締役の行為の差止め）及び第三百九十九条の七（第三項、第四項並びに第五項第三号及び第四号を除く。）（監査等委員会設置会社と取締役との間の訴えにおける会社の代表等）の規定は、監査等委員会設置会社の監査等委員会又は監査等委員について準用する。この場合において、同条第一項中「第三百四十九条第四項、第三百五十三条及び第三百六十四条」とあり、及び同条第五項中「第三百四十九条第四項」とあるのは「保険業法第五十三条の十五において準用する第三百四十九条第四項」と、同項第一号中「第八百四十七条第一項、第八百四十七条の二第一項若しくは第三項（同条第四項及び第五項において準用する場合を含む。）又は第八百四十七条の三第一項の規定による請求」とあるのは「保険業法第五十三条の三十七において準用する第八百四十七条第一項の規定による請求」と、同項第二号中「第八百四十九条第四項」とあるのは「保険業法第五十三条の三十七において準用する第八百四十九条第四項」と、「第八百五十条第二項」とあるのは「同法第五十三条の三十七において準用する第八百五十条第二項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(5)　The provisions of Articles 399-3 to 399-6 of the Companies Act (Investigations by the Audit and Supervisory Committee, Duty to Report to Board of Directors, Duty to Report to Shareholders Meeting, and Enjoinment of Acts of Directors by Audit and Supervisory Committee Members) and Article 399-7 (excluding paragraphs (3), (4) and paragraph (5), items (iii) and (iv)) (Representative, etc. of a Company in Actions between a Company with Audit and Supervisory Committee and Directors) apply mutatis mutandis to an Audit and Supervisory Committee or Audit and Supervisory Committee Member of a Company with Audit and Supervisory Committee. In this case, the term "Article 349, paragraph (4), Article 353, and Article 364" in paragraph (1) of that Article and the term "Article 349, paragraph (4)" in paragraph (5) of that Article is deemed to be replaced with "Article 349, paragraph (4) as applied mutatis mutandis pursuant to Article 53-15 of the Insurance Business Act"; the term "a request (limited to a request to file an action to pursue the liabilities of directors) pursuant to the provisions of Article 847, paragraph (1), Article 847-2, paragraph (1) or (3) (including cases where it is applied mutatis mutandis pursuant to paragraph (4) and (5) of the relevant Article), or Article 847-3, paragraph (1)" of item (i) of that paragraph is deemed to be replaced with "a request under Article 847, paragraph (1) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act"; the terms "Article 849, paragraph (4)" and "Article 850, paragraph (2)" in item (ii) of that paragraph is deemed to be replaced with "Article 849, paragraph (4) of that Article as applied mutatis mutandis to Article 53-37 of the Insurance Business Act" and "Article 850, paragraph (2) as applied mutatis mutandis pursuant to Article 53-37 of that Act", respectively; and any other necessary technical replacement of terms is specified by Cabinet Order.

６　会社法第二編第四章第九節の二第二款（運営）の規定は監査等委員会設置会社の監査等委員会の運営について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第二項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条本文（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定はこの項において準用する同法第三百九十九条の十一第二項（同条第三項において準用する場合を含む。以下この項において同じ。）の規定による許可の申立てについて、それぞれ準用する。この場合において、同条第二項（議事録）中「株主」とあるのは「社員（総代会を設けているときは、総代）」と、同条第三項中「取締役又は会計参与の責任を追及するため必要があるとき及び親会社社員がその権利を行使するため必要があるとき」とあるのは「取締役又は会計参与の責任を追及するため必要があるとき」と、同条第四項中「又はその親会社若しくは子会社」とあるのは「又はその保険業法第三十三条の二第一項に規定する実質子会社」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(6)　The provisions of Part II, Chapter IV, Section 9-2, Subsection 2 (Operations) of the Companies Act apply mutatis mutandis to operation of an Audit and Supervisory Committee of a Company with Audit and Supervisory Committee, and the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (2) (limited to the segment pertaining to item (i)) (Hearing of Statements), the main clause of Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), the main clause of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to a petition for a permission under Article 399-11, paragraph (2) of that Act as applied mutatis mutandis pursuant to this paragraph (including the case where it is applied mutatis mutandis pursuant to paragraph (3) of that Article; hereinafter the same applies in this paragraph). In this case, the term "a shareholder" in paragraph (2) of that Article (Minutes) is deemed to be replaced with "a member (or, where the company has a Member Representatives Meeting, such representative members)"; the term "cases where it is necessary for the purpose of pursuing the liability of directors or accounting advisors by a creditor of a Company with Audit and Supervisory Committee and to the cases where it is necessary for the purpose of exercising the rights of a Member of the Parent Company" in paragraph (3) of that Article is deemed to be replaced with "cases where it is necessary for the purpose of pursuing the liability of directors or accounting advisors by a creditor of a Company with Audit and Supervisory Committee"; the term "or its Parent Company or Subsidiary Company" in paragraph (4) of that Article is deemed to be replaced with "or its Substantive Subsidiary Companies prescribed in Article 33-2, paragraph (1) of the Insurance Business Act"; and any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十三の三　監査等委員会設置会社の取締役会は、第五十三条の十四の規定にかかわらず、次に掲げる職務を行う。

Article 53-23-3　(1)　Board of directors of a Company with Audit and Supervisory Committee perform the following duties notwithstanding of provisions of Article 53-14:

２　監査等委員会設置会社の取締役会は、前項第一号イからハまでに掲げる事項を決定しなければならない。

(2)　The board of directors of a Company with Audit and Supervisory Committee must determine matters listed in item (i), (a) to (c) of the preceding paragraph.

３　監査等委員会設置会社の取締役会は、取締役（監査等委員である取締役を除く。）の中から代表取締役を選定しなければならない。

(3)　Board of directors of a Company with Audit and Supervisory Committee must appoint Representative Directors from among the directors (excluding directors who are Audit and Supervisory Committee Members).

４　監査等委員会設置会社の取締役会は、次に掲げる事項その他の重要な業務執行の決定を取締役に委任することができない。

(4)　Board of directors of a Company with Audit and Supervisory Committee may not delegate the decision on the execution of the following matters and other important operations to directors:

５　前項の規定にかかわらず、監査等委員会設置会社の取締役の過半数が社外取締役である場合には、当該監査等委員会設置会社の取締役会は、その決議によって、重要な業務執行の決定を取締役に委任することができる。ただし、次に掲げる事項については、この限りでない。

(5)　Notwithstanding the provisions of the preceding paragraph, if a majority of directors of a Company with Audit and Supervisory Committee are Outside Directors, the board of directors of the relevant Company with Audit and Supervisory Committee may delegate to directors the decision on execution of important operations by its resolution; provided, however, that this does not apply to the following matters:

６　前二項の規定にかかわらず、監査等委員会設置会社は、取締役会の決議によって重要な業務執行（前項各号に掲げる事項を除く。）の決定の全部又は一部を取締役に委任することができる旨を定款で定めることができる。

(6)　Notwithstanding the provisions of the preceding two paragraphs, a Company with Audit and Supervisory Committee may stipulate in the articles of incorporation that all or part of decisions of execution of important operations (excluding matters listed in items of the preceding paragraph) may be delegated to directors by the resolution of the board of directors.

７　会社法第三百九十九条の十四（監査等委員会による取締役会の招集）の規定は、監査等委員会設置会社の取締役会の招集について準用する。この場合において、必要な技術的読替えは、政令で定める。

(7)　The provisions of Article 399-14 (Call of the Board of Directors by Audit and Supervisory Committee) of the Companies Act apply mutatis mutandis to convocation of board of directors meeting of a Company with Audit and Supervisory Committee. In such case, any necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十四　指名委員会、監査委員会又は報酬委員会の各委員会（以下この条、次条及び第六十四条において単に「各委員会」という。）は、委員三人以上で組織する。

Article 53-24　(1)　Each nominating committee, audit committee, and compensation committee (hereinafter simply referred to "Committee" in this Article, the following Article and Article 64) are composed of three or more committee members.

２　各委員会の委員は、取締役の中から、取締役会の決議によって選定する。

(2)　The members of each Committee are appointed from among the directors by a resolution of the board of directors.

３　各委員会の委員の過半数は、社外取締役でなければならない。

(3)　The majority of the members of each Committee must be outside directors.

４　監査委員は、指名委員会等設置会社若しくはその実質子会社の執行役若しくは業務執行取締役又は指名委員会等設置会社の実質子会社の会計参与（会計参与が法人であるときは、その職務を行うべき社員）若しくは支配人その他の使用人を兼ねることができない。

(4)　An audit committee member may not concurrently serve as an executive officer or executive director of a company with a Nominating Committee, etc. or its Substantive Subsidiary Companies, or as an accounting advisor (or, where the accounting advisor is a corporation, any staff member of the corporation, who is to carry out the relevant duties) or manager or any other employee of a Substantive Subsidiary Companies of a company with a Nominating Committee, etc..

第五十三条の二十五　各委員会の委員は、いつでも、取締役会の決議によって解職することができる。

Article 53-25　(1)　A committee member may be removed at any time by a resolution of the board of directors.

２　会社法第四百一条第二項から第四項まで（委員の解職等）、第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は、指名委員会等設置会社の委員について準用する。この場合において、同法第四百一条第二項中「前条第一項」とあるのは「保険業法第五十三条の二十四第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(2)　The provisions of Article 401, paragraphs (2) to (4) (Removal of Committee Members), Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of Reasons), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeals), Article 874 (limited to the segment pertaining to item (i)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act), Article 876 (Supreme Court Rules) and Article 937, paragraph (1) (limited to the segment pertaining to item (ii), (a) and (c)) (Commissioning of Registration by Judicial Decision) of the Companies Act apply mutatis mutandis to the committee members of a company with Nominating Committee, etc. In this case, the term "paragraph (1) of the preceding Article" in Article 401, paragraph (2) of that Act is deemed to be replaced with "Article 53-24, paragraph (1) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十六　指名委員会等設置会社には、一人又は二人以上の執行役を置かなければならない。

Article 53-26　(1)　A company with a Nominating Committee, etc. must have one or more executive officers.

２　執行役は、取締役会の決議によって選任する。

(2)　An executive officer is elected by a resolution of the board of directors.

３　指名委員会等設置会社と執行役との関係は、委任に関する規定に従う。

(3)　The relationship between a company with Nominating Committee, etc. and its executive officers are governed by the provisions on mandate.

４　第五十三条の二第一項の規定は、執行役について準用する。

(4)　The provisions of Article 53-2, paragraph (1) apply mutatis mutandis to an executive officer.

５　執行役は、取締役を兼ねることができる。

(5)　An executive officer may serve concurrently as a director.

６　執行役の任期は、選任後一年以内に終了する事業年度のうち最終のものに関する定時社員総会の終結後最初に招集される取締役会の終結の時までとする。ただし、定款によって、その任期を短縮することを妨げない。

(6)　An executive officer's term of office continues until the conclusion of the first board of directors meeting convened after the conclusion of the annual general meeting for the last business year ending within one year from the time of their election; provided, however, that this does not preclude the shortening of their term of office by the articles of incorporation.

７　会社法第四百二条第八項（執行役の選任等）の規定は、相互会社の執行役の任期について準用する。この場合において、同項中「前項」とあるのは「保険業法第五十三条の二十六第六項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(7)　The provisions of Article 402, paragraph (8) (Election of Executive Officers) of the Companies Act apply mutatis mutandis to the terms of office of the executive officers of a Mutual Company. In this case, the term "the preceding paragraph" in that paragraph is deemed to be replaced with "Article 53-26, paragraph (6) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十七　執行役は、いつでも、取締役会の決議によって解任することができる。

Article 53-27　(1)　An executive officer may be dismissed at any time by a resolution of the board of directors.

２　前項の規定により解任された執行役は、その解任について正当な理由がある場合を除き、指名委員会等設置会社に対し、解任によって生じた損害の賠償を請求することができる。

(2)　An executive officer dismissed pursuant to the provisions of the preceding paragraph may demand from the company with Nominating Committee, etc. compensation for damage arising from the dismissal, unless the company has justifiable grounds for their dismissal.

３　第五十三条の二十五第二項において準用する会社法第四百一条第二項から第四項までの規定並びに同法第八百六十八条第一項（非訟事件の管轄）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）、第八百七十六条（最高裁判所規則）及び第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は、執行役が欠けた場合又は定款で定めた執行役の員数が欠けた場合について準用する。この場合において、必要な技術的読替えは、政令で定める。

(3)　The provisions of Article 401, paragraphs (2) to (4) of the Companies Act as applied mutatis mutandis pursuant to Article 53-25, paragraph (2), and the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to item (i)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act), Article 876 (Supreme Court Rules) and Article 937, paragraph (1) (limited to the segment pertaining to item (ii), (a) and (c)) (Commissioning of Registration by a Judicial Decision) of that Act apply mutatis mutandis to the cases where a Mutual Company has no executive officer or any vacancy in the number of executive officers prescribed by the articles of incorporation. In this case, any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十八　指名委員会は、社員総会に提出する取締役（会計参与設置会社にあっては、取締役及び会計参与）の選任及び解任に関する議案の内容を決定する。

Article 53-28　(1)　The nominating Committee is to determine the contents of proposals to be submitted to the general meeting regarding the election and dismissal of directors (or, in a company with accounting advisors, directors and accounting advisors).

２　監査委員会は、次に掲げる職務を行う。

(2)　The audit Committee carries out the following duties:

３　報酬委員会は、第五十三条の十五において準用する会社法第三百六十一条第一項の規定並びに第五十三条の十七において準用する同法第三百七十九条第一項及び第二項の規定にかかわらず、執行役等の個人別の報酬等（報酬、賞与その他の職務執行の対価として相互会社から受ける財産上の利益をいう。以下この項において同じ。）の内容を決定する。執行役が指名委員会等設置会社の支配人その他の使用人を兼ねているときは、当該支配人その他の使用人の報酬等の内容についても、同様とする。

(3)　Notwithstanding the provisions of Article 361, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 53-15, and the provisions of Article 379, paragraphs (1) and (2) of that Act as applied mutatis mutandis pursuant to Article 53-17, the compensation committee is to determine the contents of remunerations, etc. (meaning the property considerations received from the Mutual Company in exchange for execution of duties, such as remunerations and bonuses; hereinafter the same applies in this paragraph) for individual executive officers, etc. Where an executive officer serves concurrently as a manager or any other employee of the company with Nominating Committee, etc., the same applies to the contents of remunerations, etc. for such manager or other employee.

４　委員がその職務の執行（当該委員が所属する指名委員会等の職務の執行に関するものに限る。以下この項において同じ。）について指名委員会等設置会社に対して次に掲げる請求をしたときは、当該指名委員会等設置会社は、当該請求に係る費用又は債務が当該委員の職務の執行に必要でないことを証明した場合を除き、これを拒むことができない。

(4)　A company with Nominating Committee, etc. may not refuse any of the following requests made to it by a committee member with respect to the execution of their duties (limited to a request regarding the execution of the duties of the Nominating Committee, etc. to which their belongs; hereinafter the same applies in this paragraph), unless the company with Nominating Committee, etc. proves that the expenses or obligations pertaining to the request are not necessary for the execution of the duties of such committee member:

５　会社法第四百五条から第四百七条まで（監査委員会による調査、取締役会への報告義務、監査委員による執行役等の行為の差止め）、第四百八条（第三項、第四項並びに第五項第三号及び第四号を除く。）（指名委員会等設置会社と執行役又は取締役との間の訴えにおける会社の代表等）及び第四百九条（報酬委員会による報酬の決定の方法等）の規定は、指名委員会等設置会社の指名委員会等又は委員について準用する。この場合において、同法第四百八条第一項中「第四百二十条第三項において準用する第三百四十九条第四項の規定並びに第三百五十三条及び第三百六十四条」とあるのは「保険業法第五十三条の三十二において準用する第四百二十条第三項において準用する第三百四十九条第四項」と、同条第五項中「第四百二十条第三項において準用する第三百四十九条第四項」とあるのは「保険業法第五十三条の三十二において準用する第四百二十条第三項において準用する第三百四十九条第四項」と、同項第一号中「第八百四十七条第一項、第八百四十七条の二第一項若しくは第三項（同条第四項及び第五項において準用する場合を含む。）又は第八百四十七条の三第一項の規定による請求」とあるのは「保険業法第五十三条の三十七において準用する第八百四十七条第一項の規定による請求」と、同項第二号中「第八百四十九条第四項」とあるのは「保険業法第五十三条の三十七において準用する第八百四十九条第四項」と、「第八百五十条第二項」とあるのは「同法第五十三条の三十七において準用する第八百五十条第二項」と、同法第四百九条第二項中「第四百四条第三項」とあるのは「保険業法第五十三条の二十八第三項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(5)　The provisions of Articles 405 to 407 (Investigations by Audit Committees, Duty to Report to the Board of Directors, Prohibition of Executive Officers' Actions, etc. by Audit Committee Members), Article 408 (excluding paragraph (3), paragraph (4), and paragraph (5), items (iii) and (iv)) (Representation of a Company with Nominating Committee, etc. in Actions between the Company and Its Executive Officers or Directors) and Article 409 (Methods for Decisions on Remuneration by the Compensation Committee) of the Companies Act apply mutatis mutandis to the Nominating Committee, etc. or committee members of a company with Nominating Committee, etc. In this case, the term "provisions of Article 349, paragraph (4) applied mutatis mutandis under Article 420, paragraph (3), and the provisions of Article 353 and Article 364" in Article 408, paragraph (1) of that Act is deemed to be replaced with "provisions of Article 349, paragraph (4) as applied mutatis mutandis pursuant to Article 420, paragraph (3) as applied mutatis mutandis pursuant to Article 53-32 of the Insurance Business Act"; the term "Article 349, paragraph (4) applied mutatis mutandis under Article 420, paragraph (3)" in Article 408, paragraph (5) is deemed to be replaced with "Article 349, paragraph (4) as applied mutatis mutandis pursuant to Article 420, paragraph (3) as applied mutatis mutandis pursuant to Article 53-32 of the Insurance Business Act"; the term "a request (limited to a request to file an action to pursue the liabilities of directors) pursuant to the provisions of Article 847, paragraph (1), Article 847-2, paragraph (1) or (3) (including cases where it is applied mutatis mutandis pursuant to paragraph (4) and (5) of the relevant Article), or Article 847-3, paragraph (1)" in Article 408, paragraph (3), item (i) of that Act is deemed to be replaced with "a request for filing an action under Article 847, paragraph (1) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act"; the terms "Article 849, paragraph (4)" and "Article 850, paragraph (2)" in Article 408, paragraph (3), item (ii) of that Act is deemed to be replaced with "Article 849, paragraph (4) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act" and "Article 850, paragraph (2) as applied mutatis mutandis pursuant to Article 53-37 of the Insurance Business Act", respectively; and the term "Article 404, paragraph (3)" in Article 409, paragraph (2) of that Act is deemed to be replaced with "Article 53-28, paragraph (3) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

６　会社法第二編第四章第十節第三款（指名委員会等の運営）の規定は指名委員会等設置会社の指名委員会等の運営について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十条の二（申立書の写しの送付等）、第八百七十一条本文（理由の付記）、第八百七十二条（第五号に係る部分に限る。）（即時抗告）、第八百七十二条の二（抗告状の写しの送付等）、第八百七十三条本文（原裁判の執行停止）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定はこの項において準用する同法第四百十三条第三項（同条第四項において準用する場合を含む。以下この項において同じ。）の規定による許可の申立てについて、それぞれ準用する。この場合において、同条第三項（議事録）中「株主」とあるのは「社員（総代会を設けているときは、総代）」と、同条第四項中「委員の責任を追及するため必要があるとき及び親会社社員がその権利を行使するため必要があるとき」とあるのは「委員の責任を追及するため必要があるとき」と、同条第五項中「又はその親会社若しくは子会社」とあるのは「又はその保険業法第三十三条の二第一項に規定する実質子会社」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(6)　The provisions of Part II, Chapter IV, Section 10, Subsection 3 (Operation of Nominating Committee, etc.) of the Companies Act apply mutatis mutandis to the management of the Nominating Committee, etc. of a company with Nominating Committee, etc.; and the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 870-2 (Forwarding Copy of Petition and other procedures),the main clause of Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (v)) (Immediate Appeal), Article 872-2 (Forwarding Copy of Petition for Immediate Appeal and other procedures), the main clause of Article 873 (Stay of Execution of the Judicial Decision of the Prior Instance), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to the application for permission under Article 413, paragraph (3) of that Act (including the cases where it is applied mutatis mutandis pursuant to Article 413, paragraph (4); hereinafter the same applies in this paragraph) as applied mutatis mutandis pursuant to this Article. In this case, the term "shareholder" in Article 413, paragraph (3) (Minutes) is deemed to be replaced with "member (or, where the company has a Member Representatives Meeting, representative member)"; the term "and where it is necessary for the purpose of exercising the rights of a Member of the Parent Company" in Article 413, paragraph (4) is deemed to be deleted"; and the term "or its Parent Company or Subsidiary Company" in Article 413, paragraph (5) of that Act is deemed to be replaced with "or its Substantive Subsidiary Companies as defined in Article 33-2, paragraph (1) of the Insurance Business Act; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の二十九　指名委員会等設置会社の取締役は、この法律又はこの法律に基づく命令に別段の定めがある場合を除き、指名委員会等設置会社の業務を執行することができない。

Article 53-29　The directors of a company with Nominating Committee, etc. may not execute the business of the company with Nominating Committee, etc. unless otherwise provided for in this Act or any order pursuant to this Act.

第五十三条の三十　指名委員会等設置会社の取締役会は、第五十三条の十四の規定にかかわらず、次に掲げる職務を行う。

Article 53-30　(1)　Notwithstanding the provisions of Article 53-14, the board of directors of a company with Nominating Committee, etc. are to carry out the following duties:

２　指名委員会等設置会社の取締役会は、前項第一号イからホまでに掲げる事項を決定しなければならない。

(2)　The board of directors of a company with Nominating Committee, etc. must decide on the particulars listed in item (i), (a) to (e) of the preceding paragraph.

３　指名委員会等設置会社の取締役会は、第一項各号に掲げる職務の執行を取締役に委任することができない。

(3)　The board of directors of a company with Nominating Committee, etc. may not delegate to a director the execution of duties listed in paragraph (1), item (i) or (ii).

４　指名委員会等設置会社の取締役会は、その決議によって、指名委員会等設置会社の業務執行の決定を執行役に委任することができる。ただし、次に掲げる事項については、この限りでない。

(4)　The board of directors of a company with Nominating Committee, etc. may, by adopting a resolution, delegate to an executive officer decisions on the execution of the company's business; provided, however, that this does not apply to the following particulars:

５　会社法第四百十七条（指名委員会等設置会社の取締役会の運営）の規定は、指名委員会等設置会社の取締役会の運営について準用する。この場合において、同条第二項中「前条第一項第一号ニ」とあるのは「保険業法第五十三条の三十第一項第一号ニ」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(5)　The provisions of Article 417 (Operations of Board of Directors of Company With Nominating Committee, etc.) of the Companies Act apply mutatis mutandis to the operation of the board of directors of a company with Nominating Committee, etc. In this case, the term "paragraph (1), item (i)-2 of the preceding Article" in paragraph (2) of that Article is deemed to be replaced with "Article 53-30, paragraph (1), item (i), (d) of the Insurance Business Act"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の三十一　執行役は、次に掲げる職務を行う。

Article 53-31　The executive officers carries out the following duties:

第五十三条の三十二　会社法第四百十九条（第二項後段を除く。）（執行役の監査委員に対する報告義務等）、第四百二十一条（表見代表執行役）及び第四百二十二条第一項（株主による執行役の行為の差止め）の規定は指名委員会等設置会社の執行役について、同法第四百二十条（代表執行役）の規定は指名委員会等設置会社の代表執行役について、同法第八百六十八条第一項（非訟事件の管轄）、第八百六十九条（疎明）、第八百七十条第一項（第一号に係る部分に限る。）（陳述の聴取）、第八百七十一条（理由の付記）、第八百七十二条（第四号に係る部分に限る。）（即時抗告）、第八百七十四条（第一号及び第四号に係る部分に限る。）（不服申立ての制限）、第八百七十五条（非訟事件手続法の規定の適用除外）及び第八百七十六条（最高裁判所規則）の規定は指名委員会等設置会社の執行役又は代表執行役について、同法第九百三十七条第一項（第二号イ及びハに係る部分に限る。）（裁判による登記の嘱託）の規定は指名委員会等設置会社の代表執行役について、それぞれ準用する。この場合において、同法第四百十九条第二項前段中「第三百五十五条、第三百五十六条及び第三百六十五条第二項」とあるのは「保険業法第五十三条の十五において準用する第三百五十五条、第三百五十六条及び第三百六十五条第二項」と、同条第三項中「第三百五十七条」とあるのは「保険業法第五十三条の十五において準用する第三百五十七条」と、同法第四百二十条第三項中「第三百四十九条第四項及び第五項」とあるのは「保険業法第五十三条の十五において準用する第三百四十九条第四項及び第五項」と、「第三百五十二条」とあるのは「同法第五十三条の十五において準用する第三百五十二条」と、「第四百一条第二項から第四項まで」とあるのは「保険業法第五十三条の二十五第二項において準用する第四百一条第二項から第四項まで」と、同法第四百二十二条第一項中「株式を有する株主」とあるのは「社員である者」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-32　The provisions of Article 419 (excluding the second sentence of paragraph (2)) (Executive Officer's Duty to Report to Audit Committee Members), Article 421 (Apparent Representative Executive Officers) and Article 422, paragraph (1) (Prohibition of Executive Officers' Actions by Shareholders) of the Companies Act apply mutatis mutandis to the executive officers of a company with Nominating Committee, etc.; the provisions of Article 420 (Representative Executive Officers) apply mutatis mutandis to the representative executive officer of a company with Nominating Committee, etc.; the provisions of Article 868, paragraph (1) (Jurisdiction over Non-Contentious Cases), Article 869 (Prima Facie Showing), Article 870, paragraph (1) (limited to the segment pertaining to item (i)) (Hearing of Statements), Article 871 (Appending of the Reason), Article 872 (limited to the segment pertaining to item (iv)) (Immediate Appeal), Article 874 (limited to the segment pertaining to items (i) and (iv)) (Restrictions on Appeal), Article 875 (Exclusion from Application of the Provisions of the Non-Contentious Cases Procedures Act) and Article 876 (Supreme Court Rules) of that Act apply mutatis mutandis to the executive officers or representative executive officer of a company with Nominating Committee, etc.; and the provisions of Article 937, paragraph (1) (limited to the segment pertaining to item (ii), (a) and (c)) (Commissioning of Registration by a Judicial Decision) of that Act apply mutatis mutandis to the representative executive officer of a company with Nominating Committee, etc.. In this case, the term "Article 355, Article 356 and Article 365, paragraph (2)" in the first sentence of Article 419, paragraph (2) of that Act is deemed to be replaced with "Article 355, Article 356 and Article 365, paragraph (2) as applied mutatis mutandis pursuant to Article 53-15 of the Insurance Business Act"; the term "Article 357" in Article 419, paragraph (3) is deemed to be replaced with "Article 357 as applied mutatis mutandis pursuant to Article 53-15 of the Insurance Business Act"; the terms "Article 349, paragraphs (4) and (5)", "Article 352" and "Article 401, paragraphs (2) to (4)" in Article 420, paragraph (3) of that Act is deemed to be replaced with "Article 349, paragraphs (4) and (5) as applied mutatis mutandis pursuant to Article 53-15 of the Insurance Business Act", "Article 352 as applied mutatis mutandis pursuant to Article 53-15 of that Act" and "Article 401, paragraphs (2) to (4) as applied mutatis mutandis pursuant to Article 53-25 of the Insurance Business Act", respectively; and the term "shareholders having the shares" in Article 422, paragraph (1) of that Act is deemed to be replaced with "persons who have been members"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十三条の三十三　取締役、執行役、会計参与、監査役又は会計監査人（以下この目において「役員等」という。）は、その任務を怠ったときは、相互会社に対し、これによって生じた損害を賠償する責任を負う。

Article 53-33　(1)　Directors, executive officers, accounting advisors, company auditors or financial auditor (hereinafter referred to as "Officers, etc." in this Division) who have been negligent in their duties are liable to compensate the Mutual Company for any damage resulting from such negligence.

２　取締役又は執行役が第五十三条の十五において準用する会社法第三百五十六条第一項（前条において準用する同法第四百十九条第二項前段において準用する場合を含む。以下この項において同じ。）の規定に違反して同法第三百五十六条第一項第一号（競業及び利益相反取引の制限）の取引をしたときは、当該取引によって取締役、執行役又は第三者が得た利益の額は、前項の損害の額と推定する。

(2)　Where a director or executive officer has conducted a transaction set forth in Article 356, paragraph (1), item (i) (Restrictions on Competition and Transactions Involving a Conflict of Interest) of the Companies Act in violation of the provisions of Article 356, paragraph (1) of that Act as applied mutatis mutandis pursuant to Article 53-15 (including the cases where it is applied mutatis mutandis pursuant to the first sentence of Article 419, paragraph (2) of that Act as applied mutatis mutandis pursuant to the preceding Article; hereinafter the same applies in this paragraph), the amount of the profits obtained by the director, executive officer or a third party as a result of such transaction is presumed to be the amount of the damage set forth in the preceding paragraph.

３　第五十三条の十五において準用する会社法第三百五十六条第一項第二号又は第三号（これらの規定を前条において準用する同法第四百十九条第二項前段において準用する場合を含む。）の取引によって相互会社に損害が生じたときは、次に掲げる取締役又は執行役は、その任務を怠ったものと推定する。

(3)　Where a Mutual Company incurs any damage as a result of a transaction set forth in Article 356, paragraph (1), item (ii) or (iii) of the Companies Act as applied mutatis mutandis pursuant to Article 53-15 (including the cases where it is applied mutatis mutandis pursuant to the first sentence of Article 419, paragraph (2) of that Act as applied mutatis mutandis pursuant to the preceding Article), the following directors or executive officers are presumed to have been negligent in their duties:

４　前項の規定は、第五十三条の十五において準用する会社法第三百五十六条第一項第二号又は第三号に掲げる場合において、同項の取締役（監査等委員であるものを除く。）が当該取引につき監査等委員会の承認を受けたときは、適用しない。

(4)　The provisions of the preceding paragraph do not apply to the case listed in Article 356, paragraph (1), item (ii) or (iii) of the Companies Act as applied mutatis mutandis pursuant to Article 53-15, if a director prescribed in that paragraph (excluding a director who is an Audit and Supervisory Committee Member) obtains an approval from the Audit and Supervisory Committee for the relevant transaction.

第五十三条の三十四　前条第一項の責任は、総社員の同意がなければ、免除することができない。

Article 53-34　Officers, etc. may not be exempted from the liability under paragraph (1) of the preceding Article without the consent of all members.

第五十三条の三十五　役員等がその職務を行うについて悪意又は重大な過失があったときは、当該役員等は、これによって第三者に生じた損害を賠償する責任を負う。

Article 53-35　(1)　Officers, etc. are liable to compensate for any damage incurred by a third party as a result of their bad faith or gross negligence in carrying out their duties.

２　次の各号に掲げる者が、当該各号に定める行為をしたときも、前項と同様とする。ただし、その者が当該行為をすることについて注意を怠らなかったことを証明したときは、この限りでない。

(2)　The provisions of the preceding paragraph also apply where the persons listed in the following items have acted as provided for in the relevant items; provided, however, that this does not apply to the cases where such persons prove that they did not fail to exercise due care in carrying out their duties:

第五十三条の三十六　会社法第四百二十五条（第一項第二号、第四項後段及び第五項を除く。）（責任の一部免除）、第四百二十六条（第四項から第六項までを除く。）（取締役等による免除に関する定款の定め）、第四百二十七条（責任限定契約）、第四百二十八条（取締役が自己のためにした取引に関する特則）及び第四百三十条（役員等の連帯責任）の規定は、相互会社の役員等の損害賠償責任について準用する。この場合において、これらの規定中「第四百二十三条第一項」とあるのは「保険業法第五十三条の三十三第一項」と、「第四百二十四条」とあるのは「保険業法第五十三条の三十四」と、同法第四百二十五条第一項中「（株式会社に最終完全親会社等（第八百四十七条の三第一項に規定する最終完全親会社等をいう。以下この節において同じ。）がある場合において、当該責任が特定責任（第八百四十七条の三第四項に規定する特定責任をいう。以下この節において同じ。）であるときにあっては、当該株式会社及び当該最終完全親会社等の株主総会。以下この条において同じ。）の決議」とあるのは「の保険業法第六十二条第二項に規定する決議」と、同条第二項中「取締役（株式会社に最終完全親会社等がある場合において、同項の規定により免除しようとする責任が特定責任であるときにあっては、当該株式会社及び当該最終完全親会社等の取締役）」とあるのは「取締役」と、同条第三項中「取締役（これらの会社に最終完全親会社等がある場合において、第一項の規定により免除しようとする責任が特定責任であるときにあっては、当該会社及び当該最終完全親会社等の取締役）」とあるのは「取締役」と、同法第四百二十六条第二項中「についての取締役の同意を得る場合及び当該責任の免除に関する」とあるのは「に関する」と、「準用する。この場合において、同条第三項中「取締役（これらの会社に最終完全親会社等がある場合において、第一項の規定により免除しようとする責任が特定責任であるときにあっては、当該会社及び当該最終完全親会社等の取締役）」とあるのは、「取締役」と読み替えるものとする」とあるのは「準用する」と、同条第七項中「総株主（第三項の責任を負う役員等であるものを除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する株主が同項」とあるのは「社員総数（第三項の責任を負う役員等である社員の数を除く。）の千分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員（特定相互会社にあっては、保険業法第三十八条第一項に規定する政令で定める数以上の社員）が第三項」と、「とき（株式会社に最終完全親会社等がある場合において、第一項の規定による定款の定めに基づき免除しようとする責任が特定責任であるときにあっては、当該株式会社の総株主（第三項の責任を負う役員等であるものを除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する株主又は当該最終完全親会社等の総株主（第三項の責任を負う役員等であるものを除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を有する株主が第三項又は第五項の期間内に当該各項の異議を述べたとき）は」とあるのは「ときは」と、同法第四百二十七条第三項中「準用する。この場合において、同条第三項中「取締役（これらの会社に最終完全親会社等がある場合において、第一項の規定により免除しようとする責任が特定責任であるときにあっては、当該会社及び当該最終完全親会社等の取締役）」とあるのは、「取締役」と読み替えるものとする」とあるのは「準用する」と、同条第四項中「（当該株式会社に最終完全親会社等がある場合において、当該損害が特定責任に係るものであるときにあっては、当該株式会社及び当該最終完全親会社等の株主総会）において」とあるのは「において」と、同条第五項中「第四百二十五条第四項及び第五項」とあるのは「第四百二十五条第四項前段」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-36　The provisions of Article 425 (excluding paragraph (1), item (ii), the second sentence of paragraphs (4) and (5)) (Partial Exemption from Liability), Article 426 (excluding paragraphs (4) to (6)) (Provisions of the Articles of Incorporation on Exemption by Directors), Article 427 (Limited Liability Contracts), Article 428 (Special Provisions on Transactions Carried Out by a Director for themselves) and Article 430 (Officers' Joint and Several Liability, etc.) of the Companies Act apply mutatis mutandis to the liability for damages of the Officers, etc. of a Mutual Company. In this case, the terms "Article 423, paragraph (1)" and "Article 424" in those provisions are deemed to be replaced with "Article 53-33, paragraph (1) of the Insurance Business Act" and "Article 53-34 of the Insurance Business Act", respectively; the term "resolution of a shareholders meeting (if there is a Wholly Owning Parent Company, etc. (meaning a Wholly Owning Parent Company, etc. as prescribed in Article 847-3, paragraph (1). The same applies hereinafter in this Part) in a Stock Company, if the relevant liabilities are special liabilities (meaning special liabilities as prescribed in Article 847-3, paragraph (4). The same applies in this Part.), the shareholders meeting of the relevant Stock Company and the relevant Wholly Owning Parent Company, etc. The same applies hereinafter in this Article)" in Article 425, paragraph (1) of that Act is deemed to be replaced with "resolution set forth in Article 62, paragraph (2) of the Insurance Business Act"; the portion "the directors (if there is an Ultimate, Wholly Owning Parent Company, etc., when the liability to be exempted pursuant to the provisions of the relevant paragraph are special liabilities, the directors of the relevant Stock Company and the relevant Ultimate, Wholly Owning Parent Company, etc.)" in paragraph (2) of that Article is deemed to be replaced with "the directors"; the portion "directors (if there is an Ultimate, Wholly Owing Parent Company, etc. in these companies, if the liabilities to be exempted pursuant to the provisions of paragraph (1) are special liabilities, the directors of the relevant companies and the relevant Ultimate, Wholly Owing Parent Company, etc.)" in paragraph (3) of that Article is deemed to be replaced with "directors"; the term "the consent of directors with respect to an exemption from liability under the provisions of the articles of incorporation pursuant to the provisions of that paragraph (limited to exemptions from liability for directors (excluding those who are Audit Committee Members) and executive officers) is to be obtained, and to the cases where a proposal regarding such exemption from liability" in Article 426, paragraph (2) of that Act is deemed to be replaced with "a proposal regarding an exemption from liability pursuant to the provisions of the articles of incorporation under that paragraph (limited to exemptions from liability for directors (excluding those who are Audit Committee Members) and executive officers)"; the portion "mutatis mutandis to cases where a proposal to amend the articles of incorporation to create provisions of the articles of incorporation pursuant to the provisions of the preceding paragraph (limited to provisions of the articles of incorporation to the effect that directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members) and executive officers may be exempted from the liability) is submitted to a shareholders meeting, to cases where the consent of directors with respect to exemption from liability under the provisions of the articles of incorporation pursuant to the provisions of that paragraph (limited to exemption from liability of directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members) and executive officers) is to be obtained, and to the cases where a proposal regarding such exemption from liability is submitted to the board of directors. In this case, 'directors (if there is an Ultimate, Wholly Owing Parent Company, etc. in these companies, if the liabilities to be exempted pursuant to the provisions of paragraph (1) are special liabilities, the directors of the relevant companies and the relevant Ultimate, Wholly Owing Parent Company, etc.)' in paragraph (3) of the relevant Article is deemed to be replaced with 'directors' in Article 426, paragraph (2) of that Act" is deemed to be replaced with "mutatis mutandis to cases where a proposal to amend the articles of incorporation to create provisions of the articles of incorporation pursuant to the provisions of the preceding paragraph (limited to provisions of the articles of incorporation to the effect that directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members) and executive officers may be exempted from the liability) is submitted to a shareholders meeting, to cases where the consent of directors with respect to exemption from liability under the provisions of the articles of incorporation pursuant to the provisions of that paragraph (limited to exemption from liability of directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members) and executive officers) is to be obtained, and to the cases where a proposal regarding such exemption from liability is submitted to the board of directors"; the term " shareholders having not less than three hundredths (3/100) (or, if lesser proportion is prescribed in the articles of incorporation, such proportion) of the votes of all shareholders (excluding Officers, etc. subject to the liability referred to in paragraph (3)) state objections during the period provided for in that paragraph" in Article 426, paragraph (7) is deemed to be replaced with "members representing at least three thousandths (or any smaller proportion prescribed by the articles of incorporation) of the total membership (excluding the number of members who are Officers, etc. subject to the liability referred to in paragraph (3)) of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 38, paragraph (1) of the Insurance Business Act) state objections during the period provided for in paragraph (3)"; the portion "state objections during the period provided for in that paragraph (if there is a Wholly Owning Parent Company, etc. in a Stock Company, when the liabilities to be exempted according to the provisions of the articles of incorporation pursuant to the provisions of paragraph (1), if shareholders having not less than three-hundredths (3/100) (or, if a lesser proportion is prescribed in the articles of incorporation, such proportion) of voting rights of all shareholders (excluding Officers, Etc. subject to the liability referred to in paragraph (3)) of the relevant Stock Company or shareholders having not less than three-hundredths (3/100) (or, if lesser proportion is prescribed in the articles of incorporation, the relevant proportion) of voting rights of all shareholders (excluding Officers, Etc. subject to the liability referred to in paragraph (3)) of the relevant Wholly Owning Parent Company state objections set forth in paragraphs (3) or (5) during the period set forth in the relevant paragraphs respectively)" in Article 426, paragraph (7) is deemed to be replaced with "state objections during the period provided for in paragraph (3)"; the portion "mutatis mutandis to cases where a proposal to amend the articles of incorporation to create provisions of the articles of incorporation under the provisions of paragraph (1) (limited to the provisions of the articles of incorporation to the effect that contracts may be entered into with directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members)) is submitted to a shareholders meeting. In this case, 'directors (if there is an Ultimate, Wholly Owing Parent Company, etc. in these companies, if the liabilities to be exempted pursuant to the provisions of paragraph (1) are special liabilities, the directors of the relevant companies and the relevant Ultimate, Wholly Owing Parent Company, etc.)' in paragraph (3) of that Article is deemed to be replaced with 'directors' in Article 427, paragraph (3) of that Act" is deemed to be replaced with "mutatis mutandis to cases where a proposal to amend the articles of incorporation to create provisions of the articles of incorporation under the provisions of paragraph (1) (limited to the provisions of the articles of incorporation to the effect that contracts may be entered into with directors (excluding those who are Audit and Supervisory Committee Members or Audit Committee Members)) is submitted to a shareholders meeting"; the portion "at the first shareholders meeting (if the relevant Stock Company is an Ultimate, Wholly Owing Parent Company, etc., when the relevant damage is related to special liabilities, shareholders meeting of the relevant Stock Company and the relevant Ultimate, Wholly Owning Parent Company, etc.) called thereafter" in paragraph (4) of that Article is deemed to be replaced with "at the first shareholders meeting called thereafter"; and the term "Article 425, paragraphs (4) and (5)" in paragraph (5) of that Article is deemed to be replaced with "the first sentence of Article 425, paragraph (4)"; any other necessary technical replacement of terms is prescribed by Cabinet Order.

第五十三条の三十七　会社法第七編第二章第二節（第八百四十七条第二項、第八百四十七条の三、第八百四十九条第二項及び第六項から第十一項まで、第八百五十一条第一項第一号及び第二項並びに第八百五十三条第一項第二号及び第三号を除く。）（株式会社における責任追及等の訴え）の規定は相互会社における責任を追及する訴えについて、同章第三節（第八百五十四条第一項第一号イ及び第二号並びに第二項から第四項までを除く。）（株式会社の役員の解任の訴え）及び同法第九百三十七条第一項（第一号ヌに係る部分に限る。）（裁判による登記の嘱託）の規定は相互会社の役員の解任の訴えについて、それぞれ準用する。この場合において、これらの規定（同法第八百四十七条の四第二項、第八百四十八条及び第八百四十九条第三項を除く。）中「株主等」とあるのは「社員」と、「株式会社等」とあるのは「相互会社」と、同法第八百四十七条第一項（株主による責任追及等の訴え）中「株式を有する株主（第百八十九条第二項の定款の定めによりその権利を行使することができない単元未満株主を除く。）」とあるのは「社員である者」と、「第四百二十三条第一項」とあるのは「保険業法第五十三条の三十三第一項」と、同法第八百四十七条の四第二項（責任追及等の訴えに係る訴訟費用等）中「株主等（株主、適格旧株主又は最終完全親会社等の株主をいう。以下この節において同じ。）」とあるのは「社員」と、「当該株主等」とあるのは「当該社員」と、同法第八百四十八条（訴えの管轄）中「株式会社又は株式交換等完全子会社（以下この節において「株式会社等」という。）」とあるのは「相互会社」と、同法第八百四十九条第一項（訴訟参加）中「（適格旧株主にあっては第八百四十七条の二第一項各号に掲げる行為の効力が生じた時までにその原因となった事実が生じた責任又は義務に係るものに限り、最終完全親会社等の株主にあっては特定責任追及の訴えに限る。）に係る」とあるのは「に係る」と、同条第三項中「株式会社等、株式交換等完全親会社又は最終完全親会社等が、当該株式会社等、当該株式交換等完全親会社の株式交換等完全子会社又は当該最終完全親会社等の完全子会社等である株式会社の」とあるのは「相互会社が、」と、同法第八百五十四条第一項第一号（株式会社の役員の解任の訴え）中「総株主（次に掲げる株主を除く。）の議決権の百分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上の議決権を」とあるのは「社員総数の千分の三（これを下回る割合を定款で定めた場合にあっては、その割合）以上に相当する数の社員又は三千名（これを下回る数を定款で定めた場合にあっては、その数）以上の社員（特定相互会社にあっては、保険業法第三十八条第一項に規定する政令で定める数以上の社員）で」と、「有する株主」とあるのは「社員である者（総代会を設けているときは、これらの者又は九名（これを下回る数を定款で定めた場合にあっては、その数）以上の総代）」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

Article 53-37　The provisions of Part VII, Chapter II, Section 2 (excluding Article 847, paragraph (2), Article 847-3, Article 849, paragraphs (2) and (6) to (11), Article 851, paragraph (1), item (i) and Article 851, paragraph (2), and Article 853, paragraph (1), items (ii) and (iii)) (Liability Actions, etc. Against a Stock Company) of the Companies Act apply mutatis mutandis to an action for accountability in a Mutual Company; and the provisions of Section 3 of the relevant Chapter (excluding Article 854, paragraph (1), item (i), (a) and Article 854, paragraphs (2) to (4)) (Action to Dismiss the Officer of a Stock Company) and Article 937, paragraph (1) (limited to the segment pertaining to item (i), (j)) (Commissioning of Registration by a Judicial Decision) of that Act apply mutatis mutandis to an action to dismiss the officer of a Mutual Company. In this case, the term "Shareholder, etc." and "Stock Company, etc." in these provisions (excluding Article 847-4, paragraph (2), Article 848 and Article 849, paragraph (3)) is deemed to be replaced with "member" and "Mutual Company", respectively; the terms "A shareholder (excluding a Holder of Shares Less than One Unit who is unable to exercise rights pursuant to the provisions of the articles of incorporation) having the shares" and "Article 423, paragraph (1)" in Article 847, paragraph (1) (Action for Pursuing Liability, etc. by Shareholders) of that Act is deemed to be replaced with "persons who have been members" and "Article 53-33, paragraph (1) of Insurance Business Act", respectively; the terms "a Shareholder, etc. (meaning shareholder, a Qualified Former Shareholder or a shareholder of an Ultimate, Wholly Owing Parent Company, etc.; the same applies hereinafter in this Section)" and "said Shareholder, etc." in Article 847, paragraph (2) (Court Costs, etc. for an Action Pursing Liability, etc.) of that Act is deemed to be replaced with "member" and "said member", respectively; the term "the Stock Company or a Wholly Owned Subsidiary Company Resulting from the Share Exchange, etc. (hereinafter referred to as "Stock Company, etc." in this Section)" in Article 848 (Jurisdiction of an Action) of that Act is deemed to be replaced with "the Mutual Company"; the term "a suit relating to an Action for Pursuing Liability, etc. (in cases of a Qualified Former Shareholder, limited to one related to the liabilities or obligations for which the fact causing them occurs by the time when the act listed in the items of Article 847-2, paragraph (1) becomes effective; in cases of a shareholder of an Ultimate, Wholly Owning Parent Company, etc., limited to the Action Pursuing Specific Liability)" in Article 849, paragraph (1) (Intervention) of that Act is deemed to be replaced with "a suit relating to an Action for Pursuing Liability, etc."; the term "In order for a Stock Company, etc., Wholly Owning Parent Company Resulting from the Share Exchange, etc., or Ultimate, Wholly Owning Parent Company, etc. to intervene in a suit relating to an Action for Pursuing Liability, etc. to assist a director (excluding an Audit and Supervisory Committee Member and Audit Committee Member), executive officer, liquidator or a person who was formerly in such a position of a Stock Company that is the relevant Stock Company, etc., Wholly Owned Subsidiary Company Resulting from the Share Exchange, etc. of the relevant Wholly Owning Parent Company Resulting from the Share Exchange, etc., or Wholly Owned Subsidiary Company, etc. of the relevant Ultimate, Wholly Owing Parent Company, etc." in paragraph (3) of that Article is deemed to be replaced with "In order to intervene in a suit relating to an Action for Pursuing Liability, etc. to assist a director (excluding an Audit and Supervisory Committee Member and Audit Committee Member), executive officer, liquidator or a person who was formerly in such a position of a Mutual Company"; and the provisions of Article 854, paragraph (1), item (i) of that Act is deemed to be replaced with "members representing at least three thousandths (or any smaller proportion prescribed by the articles of incorporation) of the total membership, or three thousand (or any smaller number prescribed by the articles of incorporation) or more members of a Mutual Company (or, in a Specified Mutual Company, members equal to or exceeding the number specified by Cabinet Order set forth in Article 38, paragraph (1) of the Insurance Business Act), who have been members of the Mutual Company without interruption for the preceding six months (or any shorter period prescribed by the articles of incorporation) (or, where the company has a Member Representatives Meeting, those members or nine (or any smaller number prescribed by the articles of incorporation) or more representative members)"; any other necessary technical replacement of terms is prescribed by Cabinet Order.

第五十四条　相互会社の会計は、一般に公正妥当と認められる企業会計の慣行に従うものとする。

Article 54　A Mutual Company's accounting is subject to such business accounting practices that are generally accepted as fair and adequate.

第五十四条の二　相互会社は、内閣府令で定めるところにより、適時に、正確な会計帳簿を作成しなければならない。

Article 54-2　(1)　A Mutual Company, must prepare accurate account books in a timely manner pursuant to the provisions of Cabinet Office Order.

２　相互会社は、会計帳簿の閉鎖の時から十年間、その会計帳簿及びその事業に関する重要な資料を保存しなければならない。

(2)　A Mutual Company must retain its account books and important materials regarding its business for ten years from the time of the closing of the account books.

３　裁判所は、申立てにより又は職権で、訴訟の当事者に対し、会計帳簿の全部又は一部の提出を命ずることができる。

(3)　The court may, upon petition or by its own authority, order a party to litigation to submit its accounting books in whole or in part.

第五十四条の三　相互会社は、内閣府令で定めるところにより、その成立の日における貸借対照表を作成しなければならない。

Article 54-3　(1)　A Mutual Company, must prepare a balance sheet as of the date of its establishment pursuant to the provisions of Cabinet Office Order.

２　相互会社は、内閣府令で定めるところにより、各事業年度に係る計算書類（貸借対照表、損益計算書、剰余金の処分又は損失の処理に関する議案その他相互会社の財産及び損益の状況を示すために必要かつ適当なものとして内閣府令で定めるものをいう。以下この款において同じ。）及び事業報告並びにこれらの附属明細書を作成しなければならない。

(2)　A Mutual Company, pursuant to the provisions of Cabinet Office Order, must prepare financial statements (meaning the balance sheet, profit and loss statement, proposal on appropriation of surplus or disposal of losses and any other statement specified by Cabinet Office Order as necessary and appropriate in order to indicate the status of the Mutual Company's property and profits or losses; hereinafter the same applies in this Division) and a business report for each business year and their annexed detailed statements.

３　計算書類及び事業報告並びにこれらの附属明細書は、電磁的記録をもって作成することができる。

(3)　The financial statements, business report, and annexed detailed statements may be prepared in the form of an electronic or magnetic record.

４　相互会社は、計算書類を作成した時から十年間、当該計算書類及びその附属明細書を保存しなければならない。

(4)　A Mutual Company must retain its financial statements and annexed detailed statements thereto for ten years from the time of preparation of the financial statements.

第五十四条の四　相互会社（会計監査人設置会社を除く。）においては、前条第二項の計算書類及び事業報告並びにこれらの附属明細書は、内閣府令で定めるところにより、監査役の監査を受けなければならない。

Article 54-4　(1)　In a Mutual Company (other than a company with financial auditor), the financial statements and business report and their annexed detailed statements under paragraph (2) of the preceding Article, must be audited by the company auditors pursuant to the provisions of Cabinet Office Order.

２　会計監査人設置会社においては、次の各号に掲げるものは、内閣府令で定めるところにより、当該各号に定める者の監査を受けなければならない。

(2)　In a company with financial auditor, the documents listed in the following items must be audited by the persons listed in the relevant items pursuant to the provisions of Cabinet Office Order:

３　前二項の監査を受けた計算書類及び事業報告並びにこれらの附属明細書は、取締役会の承認を受けなければならない。

(3)　The financial statements and business report, and annexed detailed statements thereto audited under the preceding two paragraphs must be approved by the board of directors.

第五十四条の五　取締役は、定時社員総会（総代会を設けているときは、定時総代会。以下この款において同じ。）の招集の通知に際して、内閣府令で定めるところにより、社員（総代会を設けているときは、総代。以下この款において同じ。）に対し、前条第三項の承認を受けた計算書類及び事業報告（監査報告又は会計監査報告を含む。）を提供しなければならない。

Article 54-5　In giving a notice of convocation of the annual general meeting (or, where the company has a Member Representatives Meeting, the annual member representatives meeting; hereinafter the same applies in this Subsection), the directors, pursuant to the provisions of Cabinet Office Order, must provide the members (or, in a Mutual Company with a Member Representatives Meeting, representative members; hereinafter the same applies in this Subsection) with the financial statements and business report (including any audit report or financial audit report) that have been approved under paragraph (3) of the preceding Article.

第五十四条の六　取締役は、第五十四条の四第三項の承認を受けた計算書類及び事業報告を定時社員総会に提出し、又は提供しなければならない。

Article 54-6　(1)　The directors must submit or provide the financial statements and business report approved under Article 54-4, paragraph (3) at the annual general meeting.

２　前項の規定により提出され、又は提供された計算書類は、定時社員総会の承認を受けなければならない。

(2)　The financial statements submitted or provided pursuant to the provisions of the preceding paragraph must be approved at the annual general meeting.

３　取締役は、第一項の規定により提出され、又は提供された事業報告の内容を定時社員総会に報告しなければならない。

(3)　The directors must report the contents of the business report submitted or provided pursuant to the provisions of paragraph (1) at the annual general meeting.

４　会計監査人設置会社において、第五十四条の四第三項の承認を受けた計算書類が法令及び定款に従い相互会社の財産及び損益の状況を正しく表示しているものとして内閣府令で定める要件に該当する場合における前二項の規定の適用については、第二項中「計算書類」とあるのは「剰余金の処分又は損失の処理に関する議案」と、前項中「事業報告」とあるのは「計算書類（剰余金の処分又は損失の処理に関する議案を除く。）及び事業報告」とする。

(4)　In a company with financial auditor, for the purpose of applying the provisions of the preceding two paragraphs to the cases where the financial statements approved under Article 54-4, paragraph (3) satisfy the requirements specified by Cabinet Office Order for accurate indication of the status of a Mutual Company's property and profits or losses in compliance with the applicable laws and regulations and the articles of incorporation, the term "financial statements" in paragraph (2) is be deemed to be replaced with "proposal on appropriation of surplus or disposal of losses"; and the term "business report" in the preceding paragraph is deemed to be replaced with "financial statements (excluding the proposal on appropriation of surplus or disposal of losses) and business report".

第五十四条の七　相互会社は、内閣府令で定めるところにより、定時社員総会の終結後遅滞なく、貸借対照表（第五十三条の十四第五項に規定する相互会社にあっては、貸借対照表及び損益計算書）を公告しなければならない。

Article 54-7　(1)　A Mutual Company pursuant to the provisions of Cabinet Office Order, must give public notice of its balance sheet (or, in a Mutual Company set forth in Article 53-14, paragraph (5), its balance sheet, and profit and loss statement) without delay after the conclusion of the annual general meeting.

２　前項の規定にかかわらず、その公告方法が時事に関する事項を掲載する日刊新聞紙に掲載する方法である相互会社は、同項に規定する貸借対照表の要旨を公告することで足りる。

(2)　Notwithstanding the provisions of the preceding paragraph, it is sufficient for a Mutual Company which adopts, as its Method of Public Notice, publication in a daily newspaper that publishes the news on current events, to give public notice of the gist of the balance sheet set forth in that paragraph.

３　前項の相互会社は、内閣府令で定めるところにより、定時社員総会の終結後遅滞なく、第一項に規定する貸借対照表の内容である情報を、定時社員総会の終結の日後五年を経過する日までの間、継続して電磁的方法により不特定多数の者が提供を受けることができる状態に置く措置をとることができる。この場合においては、前二項の規定は、適用しない。

(3)　Pursuant to the provisions of Cabinet Office Order, the Mutual Company set forth in the preceding paragraph, without delay after the conclusion of the annual general meeting, may take measures to make the information contained in the balance sheet provided for in paragraph (1) constantly available to many and unspecified persons by electronic or magnetic means for a period of five years from the date on which the annual general meeting was concluded. The provisions of the preceding two paragraphs do not apply in this case.

４　金融商品取引法第二十四条第一項（有価証券報告書の提出）の規定により有価証券報告書を内閣総理大臣に提出しなければならない相互会社については、前三項の規定は、適用しない。

(4)　The provisions of the preceding three paragraphs does not apply to a Mutual Company which is to submit its securities report to the Prime Minister pursuant to the provisions of Article 24, paragraph (1) (Submission of Securities Report) of the Financial Instruments and Exchange Act.

第五十四条の八　相互会社は、各事業年度に係る計算書類及び事業報告並びにこれらの附属明細書（監査報告又は会計監査報告を含む。以下この条において「計算書類等」という。）を、定時社員総会の日の二週間前の日（第四十一条第一項において準用する会社法第三百十九条第一項の場合にあっては、同項の提案があった日）から五年間、その主たる事務所に備え置かなければならない。

Article 54-8　(1)　A Mutual Company must retain its financial statements and business report for each business year, and their annexed detailed statements (including the audit report or financial audit report; hereinafter referred to as "Financial Statements, etc." in this Article) at its principal office for a period of five years from the day that is two weeks before the date of the annual general meeting (or, in the case of Article 319, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 41, paragraph (1), the date of the proposal set forth in that paragraph).

２　相互会社は、各事業年度に係る計算書類等の写しを、定時社員総会の日の二週間前の日（第四十一条第一項において準用する会社法第三百十九条第一項の場合にあっては、同項の提案があった日）から三年間、その従たる事務所に備え置かなければならない。ただし、計算書類等が電磁的記録で作成されている場合であって、従たる事務所における次項第三号及び第四号に掲げる請求に応じることを可能とするための措置として内閣府令で定めるものをとっているときは、この限りでない。

(2)　A Mutual Company must keep the copies of its Financial Statements, etc. for each business year at its secondary offices for a period of three years from the day that is two weeks before the date of its annual general meeting (or, in the case of Article 319, paragraph (1) of the Companies Act as applied mutatis mutandis pursuant to Article 41, paragraph (1), the date of the proposal set forth in that paragraph); provided, however, that this does not apply to the cases where the Financial Statements, etc. have been prepared in the form of an electronic or magnetic records, if the Mutual Company adopts the measures specified by Cabinet Office Order in order to enable its secondary offices to meet the requests listed in items (iii) and (iv) of the following paragraph.

３　相互会社の保険契約者、保険金額を受け取るべき者その他の債権者及び被保険者は、相互会社の事業時間内は、いつでも、次に掲げる請求をすることができる。ただし、第二号又は第四号に掲げる請求をするには、当該相互会社の定めた費用を支払わなければならない。

(3)　The creditors and insured persons of a Mutual Company, such as Policyholders and beneficiaries of insurance proceeds, may make the following requests at any time during the business hours of the Mutual Company; provided, however, that they must pay the fees determined by the Mutual Company in making a request falling under item (ii) or (iv):

第五十四条の九　裁判所は、申立てにより又は職権で、訴訟の当事者に対し、計算書類及びその附属明細書の全部又は一部の提出を命ずることができる。

Article 54-9　The court may, upon petition or by its own authority, order a party to litigation to submit in whole or in Part the financial statements and annexed detailed statements thereto.

第五十四条の十　会計監査人設置会社は、内閣府令で定めるところにより、各事業年度に係る連結計算書類（当該会計監査人設置会社及びその実質子会社から成る企業集団の財産及び損益の状況を示すために必要かつ適当なものとして内閣府令で定めるものをいう。以下この条において同じ。）を作成することができる。

Article 54-10　(1)　A company with financial auditor may, pursuant to the provisions of Cabinet Office Order, prepare consolidated financial statements (meaning those statements specified by Cabinet Office Order as necessary and appropriate in order to indicate the status of the property and profits or losses of a corporate group comprised of the company with financial auditor and its de facto subsidiary companies; hereinafter the same applies in this Article) for each business year.

２　連結計算書類は、電磁的記録をもって作成することができる。

(2)　Consolidated financial statements may be prepared in the form of an electronic or magnetic record.

３　事業年度の末日において第五十三条の十四第五項に規定する相互会社であって金融商品取引法第二十四条第一項（有価証券報告書の提出）の規定により有価証券報告書を内閣総理大臣に提出しなければならないものは、当該事業年度に係る連結計算書類を作成しなければならない。

(3)　An entity that is a Mutual Company set forth in Article 53-14, paragraph (5) as of the last day of a business year must submit a securities report to the Prime Minister pursuant to the provisions of Article 24, paragraph (1) of the Financial Instruments and Exchange Act and must prepare consolidated financial statements for the business year.

４　連結計算書類は、内閣府令で定めるところにより、監査役（監査等委員会設置会社にあっては監査等委員会、指名委員会等設置会社にあっては、監査委員会）及び会計監査人の監査を受けなければならない。

(4)　Consolidated financial statements must be audited by the company auditors (the Audit and Supervisory Committee, in the case of a company with Audit and Supervisory Committee, or the audit committee, in case of a Company with a Nominating Committee, etc.) and financial auditor, pursuant to the provisions of Cabinet Office Order.

５　前項の監査を受けた連結計算書類は、取締役会の承認を受けなければならない。

(5)　The consolidated financial statements audited under the preceding paragraph must be approved by the board of directors.

６　第五十四条の五並びに第五十四条の六第一項及び第三項の規定は、連結計算書類について準用する。この場合において、同項中「事業報告の内容」とあるのは「連結計算書類の内容及び第五十四条の十第四項の監査の結果」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(6)　The provisions of Article 54-5 and Article 54-6, paragraphs (1) and (3) apply mutatis mutandis to consolidated financial statements. In this case, the term "contents of the business report" in Article 54-6, paragraph (3) is deemed to be replaced with "contents of the consolidated financial statements and the result of audit under Article 54-10, paragraph (4)"; any necessary technical replacement of terms is specified by Cabinet Order.

第五十五条　基金利息の支払は、貸借対照表上の純資産額から次に掲げる金額の合計額を控除した額（第五十五条の三第三項第一号において「利息支払限度額」という。）を限度として行うことができる。

Article 55　(1)　Payment of interest from funds may be made in an amount not exceeding the amount of net assets on the balance sheet after the sum total of the following amounts (referred to as "maximum limit of interest payment" in Article 55-3, paragraph (3), item (i)) has been deducted therefrom:

２　基金の償却又は剰余金の分配は、貸借対照表上の純資産額から次に掲げる金額の合計額を控除した額（第五十五条の三第三項第二号において「償却等限度額」という。）を限度として行うことができる。ただし、第百十三条前段（第二百七十二条の十八において準用する場合を含む。）の規定により貸借対照表の資産の部に計上した額の全額を償却した後でなければ、これを行うことができない。

(2)　Redemption of funds or distribution of surplus may be made in an amount not exceeding the amount of net assets on the balance sheet after deducting the sum total of the following amounts (referred to as "maximum limit of redemption, etc." in Article 55-3, paragraph (3), item (ii)); provided, however, that such redemption or distribution may only be effected after the amount credited to assets in the balance sheet pursuant to the provisions of the first sentence of Article 113 (including the cases where it is applied mutatis mutandis pursuant to Article 272-18) has been amortized in full:

３　前二項の規定に違反して、基金利息の支払又は基金の償却若しくは剰余金の分配を行ったときは、当該相互会社の債権者は、これを返還させることができる。

(3)　Where a Mutual Company has made any payment of interest from funds, or redemption of funds or distribution of surplus in violation of the provisions of the preceding two paragraphs, a creditor of the Mutual Company may cause it to refund the money thus expended.

第五十五条の二　剰余金の分配は、公正かつ衡平な分配をするための基準として内閣府令で定める基準に従い、行わなければならない。

Article 55-2　(1)　Any distribution of surplus must be made in conformity with the standards specified by Cabinet Office Order for fair and equitable distribution.

２　相互会社は、その定款において第二十三条第一項第七号に掲げる事項として、毎決算期に剰余金の処分を行う場合には、その対象となる金額として内閣府令で定める金額のうち、当該金額に一定の比率を乗じた額以上の額を、社員に対する剰余金の分配をするための準備金として内閣府令で定めるものに積み立てるべき旨を定めなければならない。

(2)　A Mutual Company, as the particulars listed in Article 23, paragraph (1), item (vii), prescribed in its articles of incorporation that, where the company makes an appropriation of surplus for each accounting period, it must set aside at least the amount calculated by multiplying the appropriable amount specified by Cabinet Office Order by a certain proportion as the reserves for distributing surplus to members pursuant to the provisions of Cabinet Office Order.

３　前項に規定する一定の比率は、内閣府令で定める比率を下回ってはならない。

(3)　The certain proportion set forth in the preceding paragraph must not be less than the proportion specified by Cabinet Office Order.

４　相互会社は、その決算の状況に照らしてやむを得ない事情がある場合には、前二項の規定にかかわらず、定款において、当該決算期における剰余金の処分に限り、第二項の内閣府令で定める金額に前項の内閣府令で定める比率を下回る比率を乗じた額を第二項の内閣府令で定める準備金に積み立てる旨を定めることができる。

(4)　Notwithstanding the provisions of the preceding two paragraphs, a Mutual Company may, where it faces unavoidable circumstances in light of the status of its settlement of account, prescribe in its articles of incorporation that, so far as the appropriation of surplus for the accounting period is concerned, the company is to set aside as the Reserves specified by Cabinet Office Order under paragraph (2) the amount calculated by multiplying the amount prescribed by Cabinet Office Order under paragraph (2) by a ratio that is smaller than that prescribed by Cabinet Office Order under the preceding paragraph.

５　前項の定款の定めは、内閣総理大臣の認可を受けなければ、その効力を生じない。

(5)　Any provisions in the articles of incorporation under the preceding paragraph do not take effect unless it is approved by the Prime Minister.

第五十五条の三　第五十五条第一項の規定に違反して相互会社が基金利息の支払をした場合又は同条第二項の規定に違反して相互会社が基金の償却若しくは剰余金の分配をした場合には、これらの行為（以下この条及び次条において「基金利息の支払等」という。）により金銭の交付を受けた者及び次に掲げる者は、当該相互会社に対し、連帯して、当該金銭の交付を受けた者が交付を受けた金銭の額に相当する金銭を支払う義務を負う。

Article 55-3　(1)　Where a Mutual Company has paid any interest from funds in violation of the provisions of Article 55, paragraph (1), or made any redemption of funds or distribution of surplus in violation of the provisions of paragraph (2) of the same Article, the persons who were granted any money due to such action (referred to as "payment of interest from funds, etc." hereinafter in this Article as well as in the following Article) and the persons listed in the following items are to jointly and severally assume the obligation to pay to the Mutual Company the exact amount of money that those recipients have been granted:

２　前項の規定にかかわらず、同項各号に掲げる者は、その職務を行うについて注意を怠らなかったことを証明したときは、同項の義務を負わない。

(2)　Notwithstanding the provisions of the preceding paragraph, a person listed in items (i) or (ii) of that paragraph is not to assume the obligation under that paragraph, if the person proves that they did not fail to exercise due care in carrying out their duties.

３　第一項の規定により同項各号に掲げる者の負う義務は、免除することができない。ただし、次の各号に掲げる場合において、当該各号に定める額を限度として当該義務を免除することについて総社員の同意があるときは、この限りでない。

(3)　A person listed in the items of paragraph (1) may not be exempted from the obligation under that paragraph; provided, however, that this does not apply if all of the members agree to exempt the person from the obligation to the amount prescribed in the relevant items in the cases listed in the following items:

第五十五条の四　第五十五条第一項又は第二項の規定に違反して相互会社が基金利息の支払等をした場合において、これらの違反があることにつき善意の社員は、当該社員が交付を受けた金銭について、前条第一項の金銭を支払った同項各号に掲げる者からの求償の請求に応ずる義務を負わない。

Article 55-4　Where a Mutual Company has made any payment of interest from funds, etc. in violation of the provisions of Article 55, paragraphs (1) or (2), a member without knowledge of such violation is not obliged to meet any request for reimbursement made by a person listed in the items of paragraph (1) of the preceding Article who has paid the money prescribed in that paragraph.

第五十六条　基金を償却するときは、その償却する金額に相当する金額を、基金償却積立金として積み立てなければならない。

Article 56　(1)　A Mutual Company, in redeeming its funds, must set aside the amount of money to be redeemed as the reserves for redemption of funds.

２　基金に係る債務の免除を受けたときは、その免除を受けた金額に相当する金額を、基金の総額から控除し、基金償却積立金として積み立てなければならない。

(2)　A Mutual Company, if it has been released from any debt pertaining to its funds, must deduct the amount of debt thus relieved from the total amount of its funds and set it aside as the reserves for redemption of funds.

第五十七条　相互会社は、社員総会（総代会を設けているときは、総代会）の決議により、基金償却積立金を取り崩すことができる。

Article 57　(1)　A Mutual Company may reduce the amount of the reserves for redemption of funds by a resolution of the general meeting (or the Member Representatives Meeting, where the company has such a meeting).

２　前項の場合には、第六十二条第二項に定める決議によらなければならない。

(2)　The resolution set forth in the preceding paragraph must be a resolution under Article 62, paragraph (2).

３　第一項の規定による基金償却積立金の取崩しによる変更の登記の申請書には、第六十七条において準用する商業登記法第十八条、第十九条及び第四十六条に定める書類のほか、次に掲げる書類を添付しなければならない。

(3)　The documents prescribed in Articles 18, 19 and 46 of the Commercial Registration Act as well as the following documents must be attached to a written application for registration of change due to any reduction of the reserves for redemption of funds pursuant to the provisions of paragraph (1):

４　第十六条第一項（ただし書を除く。）及び第二項、第十七条（第一項ただし書を除く。）、第十七条の二第四項並びに第十七条の四の規定は、第一項の基金償却積立金の取崩しについて準用する。この場合において、これらの規定中「資本金等の額の減少」とあるのは「基金償却積立金の取崩し」と、第十六条第一項中「株式会社は、資本金又は準備金（以下この節において「資本金等」という。）の額の減少（減少する準備金の額の全部を資本金とする場合を除く。）の決議に係る株主総会（会社法第四百四十七条第三項（資本金の額の減少）又は第四百四十八条第三項（準備金の額の減少）に規定する場合にあっては、取締役会）の会日の二週間前から資本金等の額の減少の効力を生じた日後六月を経過する日まで」とあるのは「第五十七条第一項の場合には、相互会社は、同項の決議に係る社員総会（総代会を設けているときは、総代会）の会日の二週間前から基金償却積立金の取崩しをした日後六月を経過する日まで」と、第十七条第一項中「株式会社が資本金等の額を減少する場合（減少する準備金の額の全部を資本金とする場合を除く。）」とあるのは「第五十七条第一項の場合」と、同条第六項中「会社法第四百四十七条第一項（資本金の額の減少）又は第四百四十八条第一項（準備金の額の減少）」とあるのは「第五十七条第一項」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(4)　The provisions of Article 16, paragraph (1) (excluding the proviso thereto) and (2), Article 17 (excluding the proviso to paragraph (1)), Article 17-2, paragraph (4), and Article 17-4 apply mutatis mutandis to a reduction of the reserves for redemption of funds under paragraph (1). In this case, the term "reduction of the capital, etc." in those provisions is deemed to be replaced with "reduction of the reserves for redemption of funds"; the terms "A Stock Company" and "ranging from two weeks before the date of the shareholders' meeting pertaining to the resolution on the reduction of the capital, etc. (or, the date of the board of directors meeting where Article 447, paragraph (3) (Reductions in Amount of Capital) or Article 448, paragraph (3) (Reductions in Amount of Reserves) of the Companies Act applies) to six months from the Effective Date of the reduction of the capital, etc." in Article 16, paragraph (1) is deemed to be replaced with "In the case of Article 57, paragraph (1), a Mutual Company" and "ranging from two weeks before the date of the general meeting (or the Member Representatives Meeting, where the company has such a meeting) pertaining to the resolution under that paragraph to six months from the date of the reduction of the reserves for redemption of funds" respectively; the term "Where a Stock Company reduces the amount of its capital, etc. (excluding the cases where the whole of the amount by which the Reserves are reduced is appropriated to the capital)" in Article 17, paragraph (1) is deemed to be replaced with "In the case of Article 57, paragraph (1)"; and the term "Article 447, paragraph (1) (Reductions in amount of the Capital) or Article 448, paragraph (1) (Reductions in amount of Reserves) of the Companies Act" in Article 17, paragraph (6) is deemed to be replaced with "Article 57, paragraph (1)"; any other necessary technical replacement of terms is specified by Cabinet Order.

５　第一項の規定による基金償却積立金の取崩しは、内閣総理大臣の認可を受けなければ、その効力を生じない。

(5)　Any reduction of the reserves for redemption of funds under paragraph (1) must not take effect unless it is approved by the Prime Minister.

６　会社法第八百二十八条第一項（第五号に係る部分に限る。）及び第二項（第五号に係る部分に限る。）（会社の組織に関する行為の無効の訴え）、第八百三十四条（第五号に係る部分に限る。）（被告）、第八百三十五条第一項（訴えの管轄）、第八百三十六条から第八百三十九条まで（担保提供命令、弁論等の必要的併合、認容判決の効力が及ぶ者の範囲、無効又は取消しの判決の効力）、第八百四十六条（原告が敗訴した場合の損害賠償責任）並びに第九百三十七条第一項（第一号ニに係る部分に限る。）（裁判による登記の嘱託）の規定は、基金償却積立金の取崩しの無効の訴えについて準用する。この場合において、同法第八百二十八条第二項第五号中「株主等」とあるのは「相互会社の社員、取締役、監査役若しくは清算人（監査等委員会設置会社にあっては社員、取締役又は清算人、指名委員会等設置会社にあっては、社員、取締役、執行役又は清算人）」と読み替えるものとするほか、必要な技術的読替えは、政令で定める。

(6)　The provisions of Article 828, paragraph (1) (limited to the segment pertaining to item (v)) and (2) (limited to the segment pertaining to item (v)) (Actions to Invalidate Acts Concerning the Organization of a Company), Article 834 (limited to the segment pertaining to item (v)) (Defendant), Article 835, paragraph (1) (Jurisdiction over Actions), Articles 836 to 839 (Order to Provide Security, Mandatory Consolidation of Oral Arguments, etc., Persons Affected by Where a Judgment Being Upheld, Effects of a Judgment of Invalidity, Revocation or Rescission), Article 846 (Liability for Damages Where a Judgment Is Entered Against the Plaintiff), and Article 937, paragraph (1) (limited to the segment pertaining to item (i), (d)) (Commissioning of Registration by a Judicial Decision) of the Companies Act apply mutatis mutandis to an action to invalidate a reduction of the reserves for redemption of funds. In this case, the term "shareholders, etc." in Article 828, paragraph (2), item (v) of that Act is deemed to be replaced with "members, directors, company auditors or liquidators (members, directors or liquidators, in the case of a company with Audit and Supervisory Committee, or members, directors, executive officers or liquidators, in the case of a Company with Nominating Committee, etc.) of a Mutual Company"; any other necessary technical replacement of terms is specified by Cabinet Order.

第五十八条　相互会社は、基金（第五十六条の基金償却積立金を含む。）の総額（定款でこれを上回る額を定めたときは、その額）に達するまでは、毎決算期に剰余金の処分として支出する金額（第五十五条の二第二項の準備金のうち内閣府令で定めるものに積み立てる金額を含む。）の千分の三以上を、損失てん補準備金として積み立てなければならない。

Article 58　A Mutual Company must set aside at least three thousandths of the amount expended in each accounting period for appropriation of surplus (including that Part of the reserves set forth in Article 55-2, paragraph (2) that is to be set aside pursuant to the provisions of Cabinet Office Order) as the loss reserve, until such time as its funds (including the reserves for redemption of funds set forth in Article 56) reach their full amount (or any larger amount prescribed by the articles of incorporation).

第五十九条　損失てん補準備金は、損失のてん補に充てる場合を除くほか、取り崩すことができない。

Article 59　(1)　The loss reserves may not be reduced, except in the case of allocating it to loss compensation.

２　損失てん補準備金を損失のてん補に充ててもなお不足するときは、第五十七条の規定によらないで、基金償却積立金を損失のてん補に充てるため取り崩すことができる。

(2)　By derogation from Article 57, the reserves for redemption of funds may be reduced to compensate for the losses, where the loss reserves are not sufficient to cover the whole losses.